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SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here

High Unemployment to Continue to Impact Auto ABS Performance

Nick Zulovich
NEW YORK — High unemployment rates throughout 2010 will continue to apply pressure on gross losses on auto loan transactions, according to DBRS. Basically, DBRS drew a connection between unemployment and credit performance, saying this relationship has continued during the "economic ... [Read More]

Experience Helps Longtime Dallas-Area BHPH Dealer Through Supply Pinch

Nick Zulovich
DALLAS — Chacon Autos is leaning on more than 50 years of experience to navigate through some of the most difficult conditions ever seen in the buy-here, pay-here dealership industry. Co-owner Gary Chaney stressed that utilizing online auctions more this year ... [Read More]

Daimler Financial Names New President/CEO for Americas

Nick Zulovich
FARMINGTON HILLS, Mich. — After announcing that Klaus Entenmann has become chairman of Daimler Financial Services AG in Berlin, the company named a replacement who will head up the company's Americas division, in addition to other moves. Franz Reiner, the former head of ... [Read More]

Fed: Average APR on Auto Loans at Commercial Banks Lowest on Record

Nick Zulovich
WASHINGTON, D.C. — The latest data available from the Federal Reserve reveals that the average interest rate on 48-month new-car loans at commercial banks for November was the lowest figure on record. For November, this number came in at 6.55 percent. ... [Read More]

ABA: Direct, Indirect Auto Loan Delinquencies Show Quarterly Improvement

Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association recently discovered that delinquencies for both direct and indirect auto loans dropped from the previous quarter. ABA found that direct auto loan delinquencies fell nearly half a point to 2.04 percent from 2.46 percent. ... [Read More]

Vehicle Acceptance, PassTime Enter into Marketing Partnership

Nick Zulovich
DALLAS — Since both companies aim to serve buy-here, pay-here dealers, Vehicle Acceptance Corp. and PassTime chose to form a marketing alliance. The partnership announced earlier this week resulted in a coordinated effort to promote PassTime's starter interrupt and GPS devices ... [Read More]

ABI Reveals Annual Bankruptcy Total, Future Outlook

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute pinpointed just how difficult it's been on consumers by sharing exactly how many filings occurred in 2009 and possible trends for this year. Officials revealed data from the National Bankruptcy Research Center that determined ... [Read More]

AFSA Shares More Details on Annual Conference

Nick Zulovich
WASHINGTON, D.C. — As the national economy regains its footing, the American Financial Services Association is gearing its annual conference to give dealers and financial companies specific growth strategies for the rebound. National dealership leaders and top financial company executives are ... [Read More]

CNW: Light Appears at the End of the Almost Decade-Long Repo Hike

Nick Zulovich
BANDON, Ore. — After eight years of steady increases, CNW Research recently reported that combined new and used repossessions eased a bit during the first half of December. While slight, 5.36 percent to 5.26 percent, Art Spinella, of CNW, said this ... [Read More]

Wells Fargo Supplies Credit Facility to 1st Franklin

Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Co., closed out 2009 by providing a large revolving credit facility to 1st Franklin Financial Corp. The total amount of the facility was $100 million. "We look ... [Read More]

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