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SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
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

CBA Seeks New President

Nick Zulovich
ARLINGTON, Va. — In a statement released this morning, the Consumer Bankers Association announced that it is seeking a new president. Why? According to the group: "On Jan. 7 the Consumer Bankers Association lost its leader of more that 21 years. ... [Read More]

MarkOne Names General Manager

Nick Zulovich
JACKSONVILLE, Fla. — MarkOne Financial's Board of Directors recently named a new general manager. Taking on the position is Joe Giliberto. Bruce Newmark, MarkOne's managing director, said, "Joe's deep and relevant experience, enthusiasm and leadership will make significant contributions to growth ... [Read More]

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

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

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

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

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

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

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

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

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]

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