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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

Fitch Discusses Auto Finance Industry in Latest In-Depth Report

Nick Zulovich
NEW YORK, N.Y. — In a recent report, Fitch Ratings announced it expects the economic weakness that occurred in the second half of 2007 to continue its downward pressure on credit metrics for the U.S. auto finance industry, leading to further ... [Read More]

ABI: Feb. Consumer Bankruptcy Filings Hit Record High Since Law Change

Nick Zulovich
ALEXANDRIA, Va. — According to the latest statistics from the National Bankruptcy Research Center, U.S. consumer bankruptcy filings climbed more than 15.2 percent in February over the previous month. Citing data from the NBRC, the American Bankruptcy Institute said overall consumer ... [Read More]

AmeriCredit’s Miller Gains Leadership Role on AFSA Board

Nick Zulovich
WASHINGTON, D.C. — Preston Miller, AmeriCredit's executive vice president and co-chief operating officer, was recently installed as chair of the American Financial Services Association's Vehicle Finance Division Advisory Board. This occurred at the conclusion of the group's recent conference, just prior ... [Read More]

VINtek Recaps 2007 Growth

Nick Zulovich
PHILADELPHIA — VINtek, a provider of auto collateral management services for banks, credit unions and other automotive finance lenders, recently announced record customer growth of 80 percent in 2007. VINtek said its other accomplishments in 2007 include: —Opening a second facility in ... [Read More]

Manheim Analyzes Auto Financing Industry’s Health

Nick Zulovich
ATLANTA — Manheim addressed financial-market health in its 2008 Used-Car Market Report, including discussing the market instability in 2007 driven by the subprime mortgage downfall, the impact of this on the auto sector and what the future may bring. Overall, ... [Read More]

Guardian Warranty Names New CEO

Nick Zulovich
AVOCA, Pa. — Guardian Warranty Corp. announced today that John Stultz will be stepping down as president and chief executive officer in order to pursue other interests, and that the new CEO will be Joan Saunders. Officials describe Saunders as a ... [Read More]

NVLA to Host Training Course on Legal, Legislative Issues

Nick Zulovich
SAN FRANCISCO — The National Vehicle Leasing Association recently announced that its Certified Vehicle Lease Executive training course in Legal and Legislative Issues and the Vehicle Lessor will be held April 24 to 27 in San Francisco at the Marines' Memorial ... [Read More]

CUDL Honored by Summit International

Nick Zulovich
RANCHO CUCAMONGA, Calif. — CUDL, which administers a point-of-sale and indirect auto lending network for credit unions, announced that the company's AutoSMART Program and Web site was recently presented with Summit International's 2007 Marketing Effectiveness Award. CUDL's AutoSMART Program and Web ... [Read More]

CBA Announces Details of Upcoming Auto Finance Conference

Nick Zulovich
ARLINGTON, Va. — The Consumer Bankers Association is preparing for its 28th Automobile Finance Conference & Tradeshow to be held March 30 to April 1 at the Hilton San Francisco in California. "For more than 20 years, CBA's automobile finance conference ... [Read More]

Comerica: Consumers Spending Less, Extending Terms

Nick Zulovich
DETROIT — According to the latest analysis from Comerica Bank, an average-priced new vehicle required 24.4 weeks of median family income in the fourth quarter. The Auto Affordability Index from Comerica Bank discovered that the latest reading is down 0.5 weeks ... [Read More]

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