This Month's Focus
Artificial Intelligence
Impel, Phyron launch AI systems to drive customer engagement through dealership video
Thursday, May. 21, 2026, 02:34 PM
Alfa Recon leverages AI to strengthen data migration
Monday, May. 18, 2026, 11:11 AM
Dealer group C-suite executives examine role of AI at auto retailers
Monday, May. 18, 2026, 10:23 AM
Experian Automotive on using data the right way to protect used-car profits
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. During a candid conversation with Cherokee Media Group’s Andrew ... Listen Here
Friday, May. 22, 2026, 10:50 AM
Closing the appraisal divide with Brad Kokesh of TraXtion
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. This conversation features Cherokee Media Group’s Andrew Friedlander and ... Listen Here
Friday, May. 22, 2026, 10:38 AM
SPONSORED EPISODE: The Math on Fast-Turn & What the Top 10% of Independent Dealers Are Doing Differently
Most independent dealers are working harder than ever — and still watching inventory sit. The difference between the stores that are winning right now and the ones that are grinding isn’t budget, market size, or luck. It’s discipline. The top-performing ... Listen Here
Thursday, May. 21, 2026, 03:44 PM
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]
X
