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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

Shilson: Less than 20% of Special Finance Deals Successful

Nick Zulovich
HOUSTON — I recently surveyed mid-year 2009 buy-here, pay-here industry results and I learned the following: 1. Sales have been, for the most part, comparable to the same period of last year. Only operators who have expanded operations, added additional sales ... [Read More]

Teres Solutions Teams Up with RateGenius to Increase Direct Auto Loans

Nick Zulovich
AUSTIN, Texas — Teres Solutions announced a new partnership with RateGenius to grow its clients direct auto lending business. Basically, Teres will integrate the RateGenius direct auto loan refinancing solution into its SAIL lending platform. "Whether or not automobile sales are growing, there's ... [Read More]

Fitch: Used-Value Rebound Drives Up Auto Lease ABS Performance

Nick Zulovich
CHICAGO — Auto lease asset-backed securities took a big hit last year causing a decreased appetite to offer leases. This ultimately caused several automakers to leave the leasing market; however, according to Fitch Ratings, it's a much different story this year. ... [Read More]

Zag.com’s New Car-Buying Site Gives Consumers Donation Opportunity

Nick Zulovich
SANTA MONICA, Calif. — Zag.com announced the launch of a new site today called DrivingDonations.com, which in addition to saving consumers an average of $4,500 on a new-car purchase, will also donate $50 to a charity of the consumer's choice. Basically, while the ... [Read More]

Chase Ramps Up Auto Loan Originations 82% Year-Over-Year

Nick Zulovich
NEW YORK — After a significant reduction in auto loan originations last year, Chase Auto Finance is continuing to ramp these transaction ramp back up, ultimately increasing originations 82 percent year-over-year. On Wednesday, the company reported that third-quarter auto finance originations ... [Read More]

Black Book Values Added to DealerTrack’s BookOut for Lenders

Nick Zulovich
GAINESVILLE, Ga. — Black Book announced this week that it has expanded its relationship with DealerTrack. The new relationship involves Black Book integrating used-vehicle values into DealerTrack's BookOut for Lenders application. The goal of DealerTrack's new system is to simplify the process ... [Read More]

VW Credit Selects MVTRAC to Improve Recovery Efforts

Nick Zulovich
PALATINE, Ill. — MVTRAC announced today that it has partnered with Volkswagen Credit to help the company improve its collection procedures on defaulted vehicle collateral. As part of this relationship, VW Credit will use MVTRAC's automated license plate recognition technology, in ... [Read More]

Credit Acceptance Offers Update on Credit Warehouse Facilities

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced some changes to its credit warehouse facilities. The company said it increased the amount of its revolving secured warehouse facility with an institutional investor from $50 million to $75 million. In addition, the ... [Read More]

NABD to Share Findings on BHPH Payment Devices

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers announced Monday that it is compiling a comprehensive report containing statistics on the use of payment devices by BHPH operators. Kenneth Shilson, CPA and NABD founder, explained that technology will play an ... [Read More]

Henderson Names Replacement for LaNeve

Nick Zulovich
DETROIT — Late Wednesday, Fritz Henderson, General Motors president and chief executive officer, named Mark LaNeve's replacement. Promoted to the position is Susan Docherty, who is currently the general manager of Buick-GMC. She takes over the role on Oct. 16 and ... [Read More]

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