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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

CPS Withstands Difficult Environment

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced earlier this week that it faired the tough marketplace relatively well in the second quarter. Its second quarter revenues are up, compared to the second quarter of 2007. More specifically, officials said revenues were ... [Read More]

Honda Financial Services Selects DataScan

Nick Zulovich
NORTH YORK, Ontario — DataScan Field Services recently announced it has contracted with Honda Financial Services to provide floor plan inventory verification for vehicles and power equipment throughout Canada. This is DataScan's first national OEM audit client in Canada, officials pointed out.  ... [Read More]

GMAC Gains 10-Year Extension from FDIC

Nick Zulovich
NEW YORK — GMAC Financial Services announced Wednesday that the Federal Deposit Insurance Corp. has granted a 10-year extension of GMAC Bank's current ownership by extending the existing disposition requirement that was established in connection with the sale of a majority ... [Read More]

Lift from Zero-Percent Financing Helps GM, But More Cuts Loom

Nick Zulovich
WESTLAKE VILLAGE, Calif. — Power Information Network reported late last week on the success of General Motors' zero-percent APR program. According to the company, the program provided a lift for the automaker both in terms of loyalty and conquests from competitors. ... [Read More]

Alphera Financial Services Adds Services for Non-BMW Dealers

Nick Zulovich
WOODCLIFF LAKE, N.J. — Alphera Financial Services' portfolio of serviced assets, which was launched in 2006 to provide BMW's award-winning customer service to other franchises owned by its dealers, announced late last week that it is expanding, in addition to ... [Read More]

Consumer Portfolio Services Receives Additional Secured Financing, Finalizes Amendments to Residual Credit Facility

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced Monday that it has received an additional $15 million in senior secured financing from an affiliate of Levine Leichtman Capital Partners as a follow-up to last week's $10 million financing. The company borrowed a ... [Read More]

BarNone Selects OneCommand to Help Capture More Showroom Traffic

Nick Zulovich
CINCINNATI — OneCommand announced today that BarNone, a leader in specialty finance and consumer services, has chosen the company to help increase its Internet lead response rate. By augmeting its online lead generation and BDC operations with OneCommand's Voice Messaging solution, BarNone ... [Read More]

Fed: Average Amount Financed via Auto Lenders Shows Steep Decline

Nick Zulovich
WASHINGTON — According to the latest statistics released from the Federal Reserve, the average amount financed at auto lenders in May came in at the lowest point it has been since 2004 and 2005. This trend is likely indicative of the ... [Read More]

DealerTrack Teams Up with Aimbridge to Help Credit Unions Expand

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced Wednesday that it has developed and implemented a new interface linking dealers with credit unions served by Aimbridge Lending Solutions, which is a provider of lending technology and premium services to credit unions throughout the ... [Read More]

RouteOne Partners with XpressCredit

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced this morning that it will integrate with XpressCredit, a Web-based credit application management system. The goal of this integration is to allow RouteOne's finance sources to use their existing connections to conduct business with XpressCredit's ... [Read More]

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