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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

CNW: More Customers with FICOs Below 670 Gaining Approval

Nick Zulovich
BANDON, Ore. — After plummeting to an average of 6.52 percent in October of last year, the number of customers approved for vehicles with a FICO under 670 is slowly climbing upward, according to the latest data from CNW Research. In ... [Read More]

GMAC to Add 200 Positions in N.C.

Nick Zulovich
CHARLOTTE, N.C. — North Carolina Gov. Bev Perdue recently announced that GMAC Financial Services will invest more than $16.4 million to grow its Charlotte operations. GMAC confirmed this announcement. The expansion is expected to create 200 finance, marketing, IT and related ... [Read More]

NCCI Names COO

Nick Zulovich
LAKE FOREST, Calif. — National Creditors Connection Inc., a leading provider of nationwide field call services, announced it has promoted senior vice president Jerry Rahon to chief operating officer. Rahon received a unanimous vote of confidence from NCCI's board of directors ... [Read More]

NAF Association Announces Details for Non-Prime Conference

Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association's 13th Annual Non-Prime Auto Financing Conference will be held June 3 to 5 at the Renaissance Worthington Hotel in Fort Worth. The conference opens with a reception in the exhibit hall at 5:30 ... [Read More]

Compli Names New COO

Nick Zulovich
PORTLAND, Ore. — Compli announced recently that Chris Grebisz will become the company's new chief operating officer on April 1, 2009. Ken Thrasher, chairman and chief executive officer of Compli, said that Grebisz's executive experience will help the company form new ... [Read More]

Recovery of Used-Vehicle Prices Boosts Residuals for SUVs, Trucks

Nick Zulovich
NEW YORK — Many auto companies curtailed leasing in 2008 as residual values caused a lot of concerns. As DBRS pointed out in its latest report, residual values are a critical component of auto asset-backed securities' rating criteria. "One of the ... [Read More]

Fireside Bank Exits Auto Finance Business

Nick Zulovich
CHICAGO — Unitrin, which is Fireside Bank's parent company, announced today that the subsidiary is suspending new lending activity and exiting the auto finance business. Basically, Unitrin said this decision follows a review into the strategic alternatives for Fireside. The move ... [Read More]

Kia, CUDL Team Up to Offer Discounts to Credit Union Members

Nick Zulovich
ONTARIO, Calif. — CUDL and Kia Motors America announced they have entered a  new partnership to provide credit union members discounts on new 2008 and 2009 vehicle purchases. The new partnership between the Credit Union Service Organization and KMA provides members ... [Read More]

Experian Automotive: Auto Delinquencies Climb by Double Digits

Nick Zulovich
SCHAUMBURG, Ill. — This morning, Experian Automotive announced that 60-day past due climbed by double digits year-over-year from the fourth quarter of 2007 to 2008. More specifically, the company discovered that these delinquencies are up nearly 17 percent. Currently, 1.04 percent of ... [Read More]

Wells Fargo Capital Infuses Summit with $20 Million Revolving Credit Facility

Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital announced this week that it recently added $20 million to Summit Financial Corp.'s existing Bank of America Business Credit facility of $55 million, bringing the total facility to $75 million. Currently in its ... [Read More]

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