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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
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

MADA Endorses Reynolds’ 556 LAW Contract

Nick Zulovich
DAYTON, Ohio — Reynolds and Reynolds announced Wednesday that the Michigan Automobile Dealers Association is endorsing the its LAW 553 Universal Retail Sale Contract to the more than 700 new car dealerships that group currently represents throughout the state. The LAW ... [Read More]

Group 1 Trims Ford Credit Floor Planning Facility

Nick Zulovich
HOUSTON — Group 1 Automotive announced Monday that it has reduced the borrowing capacity under its credit arrangement with Ford Motor Credit Co. for floor plan financing to $150 million from $300 million, with no change to the terms or pricing. ... [Read More]

VW Credit Now Offers Personalized Sites for Lessees

Nick Zulovich
SAUSALITO, Calif. — ChannelNet, a leading provider of multichannel solutions for the auto and financial services industries, announced Volkswagen Credit has expanded its use of personalized sites to include all customers in its lease portfolio. First launched in mid-2008, VW Credit's ... [Read More]

Credit Acceptance Lengthens Maturity of Credit Facility

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced that it has extended the maturity of its credit facility with a commercial bank syndicate from June 22, 2010 to June 23, 2011. The amount of the facility was reduced from $153.5 million ... [Read More]

Triad Financial Partners with Windsor Group

Nick Zulovich
NORTH RICHLAND HILLS, Texas — Triad Financial and Windsor Group recently announced a partnership to grow Triad's third-party servicing business, which supports finance companies, banks, investors and dealers. Windsor, a leading skip trace and repossession management provider, will drive Triad's marketing, ... [Read More]

CarBiz Acquires Star Financial

Nick Zulovich
SARASOTA, Fla. — In a move to expand its role in the buy-here, pay-here industry, CarBiz announced it has acquired Star Financial Services, which has a portfolio of consumer notes. Since 1966, Star Financial has served as an indirect lender to ... [Read More]

Capital One: First-Time Car Buyers More Likely to Pay Cash

Nick Zulovich
McLEAN, Va. — In an interesting twist, the number of recent graduates who told Capital One Auto Finance that they would pay for their first car in cash almost came close to doubling over last year. In its annual survey, the ... [Read More]

Wolters Kluwer Launches Indirect Lending Unit

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced on Wednesday that it has formed a new Indirect Lending business unit to strengthen its commitment and expand its reach across the broader indirect lending market. Over the past two years, Wolters Kluwer indicated ... [Read More]

Pelican Resource Group Introduces Subprime Program for Dealers

Nick Zulovich
CHERRY HILL, N.J. — Earlier this week, Pelican Resource Group announced that franchised and independent dealerships  looking to move excess used and wholesale inventory now have the option of a comprehensive program to help them increase sales and generate cash. To ... [Read More]

USAA, GM Partner to Offer Special Discount

Nick Zulovich
SAN ANTONIO, Texas — USAA and General Motors have teamed up to offer a special discount, on top of current rebates and dealer incentives, for the credit union's members. More specifically, the offer provides for up to $1,000 in additional discounts ... [Read More]

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