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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

Editor’s Note: Auto Remarketing Today to Pause Publication on Wednesday

Nick Zulovich
CARY, N.C. — Due to inclement weather, the offices of Cherokee Automotive Group, publisher of the SubPrime News Update and Auto Remarketing Today e-newsletters, have closed on Tuesday. Because of this, there will be no Wednesday edition of Auto Remarketing Today. Publication is ... [Read More]

Dealers Can Now Offer a Repurchase Guarantee to Customers Via a New Service

Nick Zulovich
PALISADES PARK, N.J. — For dealers who may have had to deal or sell to a customer who is worried about their ability to continue making payments, there is a new product designed to help — a Vehicle Repurchase Guarantee. Vehicle Repurchasing ... [Read More]

GMAC Revamps Board, Chairman Resigns

Nick Zulovich
NEW YORK — As part of becoming a bank holding company, GMAC Financial Services announced some changes to its board of directors, including the resignation of chairman J. Ezra Merkin. Pursuant to the Federal Reserve System's order, GMAC's Board will be ... [Read More]

How are States Faring When it Comes to Bankruptcies Awaiting Discharge?

Nick Zulovich
PHOENIX — Officials from www.OnlineBKmanager.com recently broke down the number of bankruptcies awaiting discharge in each state. "We have been monitoring the steady growth of personal BK cases," said Robert Davies, president of www.OnlineBKmanager.com. "The good news is our dealer clients ... [Read More]

Payless Teams Up with OAG Indirect to Provide Auto Financing for Dealers

Nick Zulovich
TULSA, Okla. — OAG Indirect, one of the nation's leading auto finance companies, announced that it has agreed to partner with Payless Car Sales to provide custom retail financing services to Payless Dealers in 48 states. "An alliance with Payless Car ... [Read More]

CNW: Auto Loan Approvals Climb in December

Nick Zulovich
BANDON, Ore. — Early data from CNW Research indicates that auto loan approvals began to rebound in December after plummeting in October. "This marks the second month that auto lenders seem to have loosened the purse strings a bit," explained Art ... [Read More]

Automotive Credit Corp. of Michigan Going Strong

Nick Zulovich
SOUTHFIELD, Mich. — Officials from Automotive Credit Corp., based in Michigan, reached out to SubPrime Auto Finance News late last week to report the company is thriving and expanding. In fact, Tony Stallworth, vice president of sales and marketing, said, "We ... [Read More]

Sekurus Launches Upgraded Version of ON TIME FLEX

Nick Zulovich
MURRIETA, Calif. — Sekurus, the manufacturer of ON TIME, the patented starter interrupt system that ensures timely collection of customer car payments, recently announced the introduction of ON TIME FLEX XL, which is an upgraded version of its popular ON TIME FLEX ... [Read More]

AFSA Adds to Vehicle Finance Conference Speaker Lineup

Nick Zulovich
For more information, visit www.vehiclefinanceconference.com. [Read More]

First Advantage CREDCO Now Offers Dealers Breakdowns of Demographic, Lifestyle Info, More on Consumers

Nick Zulovich
POWAY, Calif. — Earlier this week, First Advantage CREDCO announced it is introducing a consumer information decisioning product called Credit Advantage to help dealers. Offered exclusively from First Advantage CREDCO, Credit Advantage delivers consumer data beyond essential credit scoring indicators, providing ... [Read More]

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