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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

ADI Workshop Dates, Leader Announced

Nick Zulovich
SCOTTSDALE, Ariz. — The dates and workshop leader for the Automotive Dealership Institute's Automotive Financing School have been set, according to officials from The Banking Academy and The Asian Banker. The program will be led by professor Marguerite Watanabe, ADI's director of international ... [Read More]

ADESA Acquires PADE

Nick Zulovich
CARMEL, Ind. — ADESA made a major move Thursday as officials announced it has acquired the Pennsylvania Auto Dealers' Exchange in York, Pa. According to officials, the facility is to be renamed ADESA PA and will help solidify the company's presence in the mid-Atlantic ... [Read More]

MAFS Reaches New Annual Milestone

Nick Zulovich
ATLANTA — Manheim Auto Financial Services announced today that it set a new record in 2007 — 1 million new-vehicle floor-planning originations.   To celebrate, MAFS leaders traveled to Manheim Nevada to personally reward the buyer of the 1 millionth unit. "If I could sum ... [Read More]

HSBC Auto Finance Partners with Flatiron Company

Nick Zulovich
PROSPECT HEIGHTS, Ill. — HSBC Finance Corp.'s auto finance business recently announced an alliance with Peak5, a Flatiron Financial Services Co., to remarket Peak5 vehicles at the nationwide network of auctions used by HSBC. HSBC said it will offer its Seven-Day ... [Read More]

Finance Express, Detroit Trading Co. Form Alliance

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express and Detroit Trading Co., recently announced that they have entered into an alliance. As part of the alliance, the companies said they will work together to create an exclusive private-label finance lead acquisition ... [Read More]

RouteOne Enhances Adverse Action Program for Dealers

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced the addition of more enhancements to the adverse action compliance functionality within its Web-based credit application management system. The new functionality, which is provided free of charge, can allow dealers to search for applications ... [Read More]

RouteOne Teams Up with InsureExpress to Help Dealers Finalize Vehicle Sales

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced Wednesday that it has completed integration with InsureExpress, a leader in point-of-sale auto insurance. InsureExpress, based in Encino, Calif., said it has been providing guaranteed auto insurance coverage via dealers for more than 20 years. ... [Read More]

Hudson Cook Names New Partners

Nick Zulovich
HANOVER, Md. — Hudson Cook LLP announced the addition of four new partners. A few are known for their work with the auto industry. The new partners include Emily Marlow Beck, Catherine Brennan and Lisa DeLessio in the Hanover, Md., office. ... [Read More]

DealerTrack Hits 475 Financing Sources, Corrects Slight Disruption in Service

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced this week that its number of active financing sources has climbed to 475. Moreover, officials said that industry concerns over a slight interruption in their platform on Saturday and Monday have been resolved. Officials told SubPrime ... [Read More]

National Full-Spectrum Auto Lenders Find Market Challenging

Nick Zulovich
McLEAN, Va. — The slower economy, which has strained consumer finances and the credit environment has impacted three of the national full-spectrum auto lenders. In fact, all reported that their auto finance business struggled. Giving an overview of Capital One's business, ... [Read More]

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