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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

Zoot Partners with Lenders to Help Them Better Serve Dealers

Nick Zulovich
BOZEMAN, Mont. — Founded in 1994 with Ford being its first client, Zoot has evolved significantly over the years. And now, more than ever, its vice president of product development said the company's services are in high demand. Why? According to ... [Read More]

CNW: Subprime Approvals Drop to Less than 2 Percent of Loans

Nick Zulovich
BANDON, Ore. — Subprime buyers, and the dealers trying to finance them, are finding it more difficult than ever to get approval for a new-vehicle loan, according to Art Spinella, of CNW Research. "For all levels of new-car shoppers — prime, near-prime ... [Read More]

CBA Announces New Bi-Annual Auto Finance Study

Nick Zulovich
ARLINGTON, Va. — The Consumer Bankers Association announced that it is now offering a bi-annual auto finance study, which covers benchmarks and statistics on indirect auto lending. Compiled by BenchMarch Consulting International, CBA officials call the ramped up version of the ... [Read More]

U.S. Courts Release Final 2007 Bankruptcy Numbers

Nick Zulovich
ALEXANDRIA, Va. — Total bankruptcy filings in the United States increased 37.8 percent last year over calendar year 2006, according to data released today from the Administrative Office of the U.S. Courts. Bankruptcy filings totaled 850,912 for the 12-month period ending ... [Read More]

Consumer Portfolio Services Announces Securitization

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced that it closed a term securitization transaction recently, issuing $244.4 million of triple A notes backed by automotive receivables. In the term transaction, qualified institutional buyers purchased $244,409,000 of notes backed by automotive receivables ... [Read More]

VantageILM Enhances Collection Offering

Nick Zulovich
PASADENA, Calif. — VantageILM, a provider of integrated lender/leasing management solutions for finance firms, banks, leasing companies and credit unions, recently announced it has upgraded its collection program. According to officials, the additions are designed to ramp up their on-demand, SaaS platform to increase ... [Read More]

Fiserv Integrates with WebCEO

Nick Zulovich
BROOKFIELD, Wis. — In an effort to help auto lenders better deal with the turbulent times, Fiserv announced this week that it has integrated its automotive lending solutions with Conquest Systems' WebCEO desktop reporting tool. This integration is designed to allow ... [Read More]

Flatiron Financial Teams Up with Cypress Software, DealerTrack

Nick Zulovich
NORTH RICHLAND HILLS, Texas — Flatiron Financial Services of Centennial, Colo., announced today that it has selected Cypress Software Systems LP's Mark IV consumer loan automation platform and DealerTrack Interface to automate the company's indirect auto financing operations. "We chose Cypress' ... [Read More]

Zoot Launches Red Flags Suite

Nick Zulovich
BOZEMAN, Mont. — Zoot, a provider of advanced instant credit decisioning and loan origination solutions, recently announced the development of a Red Flag solution suite. Based on industry best practices, Zoot said it has created a unique set of tools to ... [Read More]

Autosave Introduces Alternative Funding for Credit Risk Customers

Nick Zulovich
FARMINGTON HILLS, Mich. — Autosave, a five-year/100,000 mile warranty program provider, recently announced the national rollout of its Save a Deal Program. The program provides approved financing to all Autosave dealer customers, regardless of credit history or rating. Paul Pawlusiak, president ... [Read More]

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