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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

New Data Finds that Subprime, Deep Subprime Outstanding Balances Continue to Grow

Nick Zulovich
COSTA MESA, Calif., and NEW YORK — Apparently, consumers are continuing to migrate to lower credit bands. In fact, the number of consumers falling into the super-prime category has dropped by 10 percent since the third quarter of 2008, as measured ... [Read More]

Bankruptcy Filings Climb Over Last August

Nick Zulovich
ALEXANDRIA, Va. — Bankruptcy filings in August again increased over the same month in the prior year. However, on the brighter side, the number of filings was a decline from July. More specifically, the American Bankruptcy Institution reported 119,874 consumer bankruptcy ... [Read More]

AWARE: Transportation is Vital to Job Seekers

Nick Zulovich
WASHINGTON, D.C. — As many Americans this Labor Day deal with record high levels of unemployment, Americans Well-Informed on Auto Retailing Economics pointed out that the importance of transportation when looking for jobs is vital. The group went on to say ... [Read More]

Digital Recognition Network Partners with TFS to Recover Vehicles

Nick Zulovich
FORT WORTH, Texas — With many companies and reports finding that repossessions and defaults are on the upswing, recovering these vehicles has become even more important to lessening charge-offs and bolstering bottom lines. To help recover these vehicles, Toyota Financial Services recently ... [Read More]

TransUnion: Annual Auto Loan Delinquencies Continue Climb

Nick Zulovich
CHICAGO — TransUnion.com discovered that the national 60-day auto delinquency rate declined between the first and second quarter from 0.83 percent to 0.73 percent. However, the annual delinquency rate was another story. The company reported that the annual rate climbed 7.35 ... [Read More]

BMW Financial Teams Up with Chordiant to Improve Collections

Nick Zulovich
CUPERTINO, Calif. — In tough economic times, customers can get behind or become unable to make payments. Walking the line between getting the customer current and keeping him willing to pay and hurting the relationship can be tricky.  With Chordiant Software's ... [Read More]

RouteOne Completes Westlake Integration

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced that it has completed integration with California-based Westlake Financial Services. Westlake funds contracts through a network of more than 5,000 new and used dealerships throughout the United States. It is the financial services arm ... [Read More]

Louisiana-Based Credit Union Partners with AppOne

Nick Zulovich
BATON ROUGE, La. — Wolters Kluwer Financial Services has gained another partner that will use its AppOne platform to provide indirect lending, credit approval and compliance processes to lenders and dealerships. The new partner is ASI Federal Credit Union, one of ... [Read More]

CNW: Average FICO Dips, More Women Turn to Plastic for Down Payments

Nick Zulovich
BANDON, Ore. — CNW Research discovered that as banks, captives, credit unions and others tried to leverage the Cash for Clunkers, they allowed average FICO scores to dip. More specifically, the average FICO score, including cash, finance and lease customers, came ... [Read More]

Repossessions: What’s the Alternative?

Nick Zulovich
SARASOTA, Fla. — In this difficult economy, more and more customers are struggling to make their buy-here, pay-here car payments. Repossessions are occurring at record levels as customers are simply surrendering their vehicles and walking away from the balance on their ... [Read More]

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