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Cutting keys & cutting costs during repossessions and recoveries
Wednesday, Dec. 10, 2025, 04:42 PM
Drawing standing-room-only attendance in the second-largest setting at Used Car Week 2025, Ryan Miller led a six-executive panel session that focused on one of the most complex challenges in all of repossessions and recoveries. Now available through this episode of ... Listen Here
Four experts on automotive & the economy
Wednesday, Dec. 10, 2025, 04:39 PM
Used Car Week 2025 again brought together experts who can explain which parts of the economy impact automotive most. This year’s event included views from Laura Wehunt of Black Book, Tim Gill of the American Financial Services Association, T.J. Cox ... Listen Here
Sponsored Episode: Winning Trade-Ins and Trust – Navigating Today’s Affordability Challenges
Friday, Dec. 5, 2025, 03:15 PM
Affordability challenges are reshaping the automotive landscape—vehicle prices and payments are at all-time highs and negative equity is on the rise. In this episode, Micah Tindor offers a data-driven conversation with real-world strategies around acquisition tactics and long-term profitability to ... Listen Here

AmeriCredit Cuts Credit Centers, More, In Response to Hard-Hitting Quarter

Tuesday, Feb. 3, 2009, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Reporting second-quarter results, AmeriCredit announced that it is reducing the number of credit centers and continuing to trim originations in response to increased charge-offs, higher delinquency rates and lower recovery values at auction. Plainly speaking, Dan Berce, ... [Read More]

GMAC’s Bank Holding Status Impacts Its Relationship with GM Dealers

Tuesday, Feb. 3, 2009, 12:00 AM
Nick Zulovich
NEW YORK — While overall, GMAC officials appear thrilled to have gained bank holding status, which has opened up the level of credit spectrum the company can fund via the auto division, on the other side of the coin, it also ... [Read More]

Bankruptcies Continue to Mount

Tuesday, Feb. 3, 2009, 12:00 AM
Nick Zulovich
Alexandria, Va. — U.S. consumer bankruptcy filings increased again by double-digits in January over the same month in 2008. More specifically, filings jumped by 34.4 percent nationwide in January from the same period a year ago, according to the American Bankruptcy ... [Read More]

Mini Financial Hopes to Keep Young Generations Involved with iPod, iPhone Game

Tuesday, Feb. 3, 2009, 12:00 AM
Nick Zulovich
WOODCLIFF LAKE, N.J. — Mini Financial Services recently launched "Mini Liquid Assets," which is the financial arm's take on an old-school favorite. This game is available for download at no charge from the iTunes App store. "'Mini Liquid Assets' is a ... [Read More]

Ford Credit Cuts Staff in Response to Market Challenges

Thursday, Jan. 29, 2009, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit announced today that it is restructuring U.S. operations, which will result in a reduction of staff and agency positions of about 20 percent. Overall, about 1,200 positions will be eliminated, according to the company. These ... [Read More]

Westlake Financial Joins RouteOne

Thursday, Jan. 29, 2009, 12:00 AM
Nick Zulovich
LOS ANGELES — Westlake Financial Services announced the national rollout of its integration with RouteOne's credit application management system. The national rollout kicked off last week. Ian Anderson, president of Westlake Financial, explained that Westlake's integration with RouteOne is part ... [Read More]

Flexco Teams Up with IFS for Financing, More

Thursday, Jan. 29, 2009, 12:00 AM
Nick Zulovich
COLUMBUS, Ohio — Flexco Fleet Lease Exchange Co. announced it has engaged Innovative Funding Services to provide funding and other services for the employees of their client companies. Flexco said it provides a reliable remarketing outlet for companies who look to ... [Read More]

BHPH AutoMax Acquires Auto Group, Signs Inventory Supply Deal

Thursday, Jan. 29, 2009, 12:00 AM
Nick Zulovich
MARIETTA, Ga. — In early December of 2008, the chief executive officer of AutoMax Group entered into an agreement to acquire the AutoMax trade name and the company, which is now incorporated in Georgia. On Dec. 12, AutoMax agreed to acquire ... [Read More]

DealerTrack Reaches 730 Finance Sources, More

Tuesday, Jan. 27, 2009, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack recently announced that it has now reached 730 finance sources on its platform. The company also reported that it has upgraded its compliance solution, added DealerSocket to its OpenTrack program and teamed up with TK Carsites. ... [Read More]

Bankruptcies Could Climb By More Than 30% This Year

Tuesday, Jan. 27, 2009, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — The majority of participants, 65 percent, in a recent American Bankruptcy Institute Quick Poll predicted that bankruptcies in 2009 would increase by at least 35 percent over the nearly 1.1 million cases filed in 2008. Fifty-three percent of ... [Read More]
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