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SPONSORED EPISODE: Allied Solutions reviews Q1, pinpoints signals of loan health
Tuesday, Apr. 7, 2026, 07:55 PM
John Elias and Peter Krall of Allied Solutions returned for another special sponsored episode of the Auto Remarketing Podcast. Elias and Krall recapped some of the most notable developments in auto finance from the first quarter of 2026. The Allied ... Listen Here
SPONSORED EPISODE: Path to stable inventory & price transparency as potential car buyers see uncertain world
Monday, Apr. 6, 2026, 01:13 PM
James Virgoe, senior vice president and managing director of GWC Warranty, appeared on another special sponsored episode of the Auto Remarketing Podcast at a time when domestic and foreign turbulences have added even more complexities to the car business. Virgoe ... Listen Here
Automotive Intelligence Award honoree Satyan Merchant of TransUnion
Wednesday, Apr. 1, 2026, 07:01 PM
Our conversations with the 2026 Automotive Intelligence Award winners wrap up with Satyan Merchant, who is senior vice president, automotive and mortgage business leader at TransUnion. Merchant recollected how his interest in data started when studying statistics on the back ... Listen Here

Ford, Captive Launch Debt Restructuring Plan

Tuesday, Mar. 10, 2009, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit Co. recently announced that its board of directors and the board of directors of Ford Motor Co. have approved a plan to restructure the companies' debt through a combination of a conversion offer by Ford ... [Read More]

Fed: Average Amount Financed on New-Car Loan Remains at Lowest Point for Years of Data Available

Tuesday, Mar. 10, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The average amount financed on a new-car loan at auto finance companies continues to remain at an extremely low level, according to the Federal Reserve. Its latest analysis found that this figure is $22,922, up just slightly from ... [Read More]

FinCo Launches Buy-Here, Pay-There Approach to Help Dealers Finance Subprime Customers

Thursday, Mar. 5, 2009, 12:00 AM
Nick Zulovich
MARBLEHEAD, Mass. — When explaining the central message of what FinCo Management can offer, company founder and president Toby Reiley challenges dealers with the following question: "How many subprime customers have you lost because you can't get them bought?" In other ... [Read More]

Bernanke Willing to Revisit TALF Program to Provide More Auto Industry Relief

Thursday, Mar. 5, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — SubPrime Auto Finance News obtained a copy of a letter several members of Congress sent to Federal Reserve Board Chairman Ben Bernanke and Treasury Secretary Timothy Geithner yesterday that requests more auto industry relief from the Term Asset-Backed Securities ... [Read More]

GMAC Appoints Corporate Treasurer

Thursday, Mar. 5, 2009, 12:00 AM
Nick Zulovich
NEW  YORK — Earlier this week, GMAC Financial Services announced that it has named a corporate treasurer. Taking on the position is Jeffrey Brown, In this role, he will have responsibility for all treasury activities, including funding and balance sheet management. He ... [Read More]

Bankruptcies Expected to Surpass 1 Million This Year

Thursday, Mar. 5, 2009, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — U.S. consumer bankruptcy filings increased 29.2 percent nationwide in February from the same period a year ago, according to the American Bankruptcy Institute, which relies on data from the National Bankruptcy Research Center. The overall February consumer filing ... [Read More]

Prestige Financial, Wells Fargo Preferred Capital Extend Credit Relationship

Tuesday, Mar. 3, 2009, 12:00 AM
Nick Zulovich
SALT LAKE CITY — Prestige Financial announced that it has established a three-year senior secured line of credit with Wells Fargo Preferred Capital. The facility will replace an existing line of credit and support ongoing financing activities.  WFPC will act both ... [Read More]

CarBiz, DSC of Indiana to Launch LHPH Program, More at NABD

Tuesday, Mar. 3, 2009, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — CarBiz and Dealer Services Corp. of Indiana have partnered to launch a Lease-Here, Pay-Here program that can provide dealers with access to $100 million in new capital. The program will be formally launched during the National Alliance of ... [Read More]

UPDATED: Fed, Treasury Kick Off Process for First Round of TALF Funding

Tuesday, Mar. 3, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The Department of Treasury and the Federal Reserve Board officially announced the launch of the Term Asset-Backed Securities Loan Facility this morning, saying the program has the potential to generate up to $1 trillion of lending for businesses ... [Read More]

XpressCredit Reveals Partnership with USA Auto Loans

Tuesday, Mar. 3, 2009, 12:00 AM
Nick Zulovich
SYRACUSE, N.Y. —  XpressCredit announced its technology is now available to the USA Auto Loans network of dealers through a new partnership. USA Auto Loans specializes in connecting independent dealers with subprime and prime lenders, as well as other products that aid dealers. ... [Read More]

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