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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

AWARE: Military Members More Prepared, Satisfied with Auto Financing Process

Nick Zulovich
WASHINGTON, D.C. — Military members know the value of preparation, and they use that knowledge when financing a vehicle, which generally leads to higher satisfaction, according to a recent survey by Americans Well-informed on Automobile Retailing Economics. Apparently, military members lead ... [Read More]

OnlineBKmanager.com Upgrades Marketing System

Nick Zulovich
PHOENIX — OnlineBKmanager.com announced a major overhaul of its Web-based marketing system this week. "Due to the current subprime automotive lending environment, BK marketing is more valuable than ever," said Robert Davies, president of www.OnlineBKmanager.com.  "We have hundreds of dealers logging ... [Read More]

Reaction Mixed to Treasury’s TALF Program

Nick Zulovich
NEW YORK — According to U.S. Structured Finance, initial market reaction to the U.S. Treasury's recently introduced TALF program is mixed. Basically, one of the goals of this new program is to make auto loans more available for consumers. "While some ... [Read More]

Subprime Credit Loss Analysis Can Show You the Money

Nick Zulovich
HOUSTON — During the last year the credit markets have tightened significantly for the subprime industry. This contraction of capital threatens the ability of many buy-here, pay-here dealers to continue in business. Without capital, BHPH dealers can't grow or even replace ... [Read More]

Major Lender Halts Auto Financing in Canada

Nick Zulovich
SAN FRANCISCO — Wells Fargo Auto Finance has decided to pull out of the Canadian auto finance industry, effective immediately, SubPrime Auto Finance News' sister e-publication, Auto Remarketing Canada recently discovered. "Wells Fargo Auto Finance announced to dealers on Nov. 12 that, ... [Read More]

AmeriCredit Announces $500 Million Senior Subordinate Asset-Backed Securitization

Nick Zulovich
FORT WORTH, Texas — On Monday, AmeriCredit Corp. announced the pricing of a $500 million offering of automobile receivables-backed securities under the AmeriCredit Automobile Receivables Trust platform, which primarily includes subprime auto loan contracts. The lead managers on the transaction are ... [Read More]

MAFS, CUDL Expand Partnership to Offer Additional Financing Sources for Dealers

Nick Zulovich
RANCHO CUCAMONGA, Calif. — CUDL, which administers the nation's largest point-of-sale and indirect lending network for credit unions, along with Manheim Financial Services, announced the further roll-out of the MAFS Advantage program this week. Through the partnership between CUDL and MAFS, the ... [Read More]

RouteOne Expands Red Flags Assistance for Dealers

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced that it has formed an alliance with Colorado-based Triple Protection Auto Care to provide dealers an extensive Red Flags compliance and information security program. Tri-PAC's services complement RouteOne's Identify Verification and Authentication tool, powered by ... [Read More]

VINtek Opens Backup Facility

Nick Zulovich
PHILADELPHIA — VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other auto finance lenders, announced that it has opened a backup facility at the SunGard Availability Services location in Wood Dale, ... [Read More]

Wolters Kluwer Cautions Industry about 2009 Regulatory Landscape

Nick Zulovich
MINNEAPOLIS — As U.S. financial organizations and dealers plot their course for 2009, many are waiting to see how the federal government will handle the current financial crisis under a new presidential administration. Successful organizations will be those that are not only ... [Read More]

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