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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

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]

Freedom Financial Gains $15 Million Credit Facility

Nick Zulovich
SPRINGFIELD, Mo. — The Freedom Financial Group, a subprime auto finance company that primarily purchases contracts via independent dealers, recently announced it has signed a $15 million, two-year, revolving credit facility with ReMark Capital Group, which is an affiliate of the ... [Read More]

GMAC Plans Cuts to Auto Finance Unit’s Workforce

Nick Zulovich
DETROIT — GMAC Financial Services announced Wednesday that it is restructuring its North American auto finance business, which includes trimming about 15 percent of its workforce. The goal of this plan is to reduce costs, streamline operations and position the ... [Read More]

Chrysler Financial Hosts F&I Conference

Nick Zulovich
FARMINGTON HILLS, Mich. — Chrysler Financial hosted its fifth annual F&I Conference early this month, Feb. 11 to 15, and provided an overview of the event. Moreover, the company announced a new tool to benefit the customers of its franchised dealers. The ... [Read More]

Sekurus Launches iLocate to Help Dealers, Customers

Nick Zulovich
MURRIETA, Calif. — Sekurus, the manufacturer of ON TIME, recently announced the introduction of iLocate, which offers benefits for both dealers and vehicle owners.  According to officials, the new device enables the dealers and owners of both new and pre-owned cars ... [Read More]

Compli to Host Online Seminar to Answer Dealer Questions on Red Flag Rules

Nick Zulovich
PORTLAND, Ore. — In addition to announcing that red flag rules compliance program, which was developed in collaboration with Hudson Cook, the company announced it is offering an online seminar to answer dealer questions about the new requirements. Red flag expert ... [Read More]

SBRB Study: Less Expansion Planned

Nick Zulovich
NORTHFIELD, Ill. — Many smaller dealerships won't be expanding any time soon, according to recent research. A Small Business Research Board study in the third quarter of 2007 found that only 24 percent of respondents indicated they would expand their dealerships in ... [Read More]

RouteOne Strikes Deal with Black Book, MenuVantage

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced recently that it has partnered with Black Book. As part of the deal, Black Book will provide its used-vehicle values for RouteOne to use in its Vehicle Values assessment tool, which has now reached more ... [Read More]

NAF Announces Conference Lineup

Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association announced the date and location as well as speakers and panel discussion topics for its 12th annual Auto Financing Conference. The conference will be held from June 4 to 6 at the Renaissance Worthington Hotel in Fort ... [Read More]

NowAuto Reports Quarterly Results

Nick Zulovich
TEMPE, Ariz. — NowAuto Group recently reported results for the fiscal 2008 second quarter, which ended Dec. 31, 2007. Highlighting the report was a drop in revenue from the previous year but an improvement in gross margin and a decrease in ... [Read More]

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