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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

Consumer Portfolio Services Revamps Web Site

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services recently announced that it has launched a redesigned Web site. Visitors to the new site can now find it easier and faster to access and download important information, according to officials. "We wanted to have ... [Read More]

Fed: Average Amount Financed Continues Decline

Nick Zulovich
WASHINGTON — The average amount financed on a new-vehicle loan via an auto lender continued its descent in June, declining to $24,505, compared with $24,579 in May and $27,397 in April. The last time this figure was down so much was back ... [Read More]

Comerica: Auto Affordability Hits 28-Year High

Nick Zulovich
DALLAS — Consumers still in the market for a new vehicle are turning to cheaper models, according to Comerica's chief economist. This trend led the bank's affordability index to its highest level in almost 30 years. The purchase of an average-priced ... [Read More]

Chrysler Financial Names CEO, COO

Nick Zulovich
FARMINGTON HILLS, Mich. — On Monday, Chrysler Financial announced it has implemented some executive moves to further strengthen the company's focus on its core business. Taking on the newly created position of vice chairman and chief executive officer is Thomas Gilman. Basically, ... [Read More]

DealerTrack Revises Full-Year Guidance, Reports Fewer Network Transactions

Nick Zulovich
LAKE SUCCESS, N.Y. — With sales down throughout the country, not only are automakers and dealers getting hurt, but so, too, are lenders and the platforms that rely on them to bolster profits. One such instance can be found in the ... [Read More]

AmeriCredit Cuts Originations Two-Thirds by Ceasing Certain Loan Products, More

Nick Zulovich
FORT WORTH, Texas — In AmeriCredit's latest moves to remain nimble in the current market atmosphere, the company's chief executive officer said in a conference call Wednesday that it has reduced originations over last year by two-thirds, ceased originations in Canada, ... [Read More]

Fitch Predicts Difficult Times Ahead for U.S. Dealer Floor Plan ABS

Nick Zulovich
NEW YORK and CHICAGO — The weakened U.S. economy, declining dealership profitability impacted by a stressed U.S. vehicle sales environment and the weak credit profiles of U.S. auto manufacturers will lead to worsening asset performance of U.S. auto-related dealer floor plan asset-backed ... [Read More]

ACIG Selects Peak5 to Service Auto Loan Portfolio

Nick Zulovich
DENVER, Colo. — Access Capital Investment Group recently acquired a $34 million auto loan portfolio and has chosen Peak5 to service and collect on the new loans. "We chose Peak5 to service this portfolio because they provide superior back end collection ... [Read More]

Floor Planner DSC Moves Headquarters, Adds Offices in New Markets

Nick Zulovich
CARMEL, Ind. — Dealer Services Corp., an inventory floor planning company based in Indiana, announced it is moving its corporate headquarters to a larger facility in the state. Thanks to of steady growth, both in the number of employees and overall ... [Read More]

ABI Expects Bankruptcies to Surge Past 1 Million by Year-End

Nick Zulovich
ALEXANDRIA, Va. — U.S. consumer bankruptcy filings increased 48 percent nationwide in July 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 July consumer ... [Read More]

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