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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

Ford Credit Offers Reasons for Lower 2Q Net Income

Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit announced net income of $62 million in the second quarter, down $242 million from earnings of $304 million a year earlier. The decrease in earnings primarily reflected higher borrowing costs, lower credit loss reserve reductions, ... [Read More]

Car-Buy-Her Helps Dealers Reach Out to Women

Nick Zulovich
ATLANTA — Although women have a lot of power when it comes to purchasing vehicles, there are not a lot of resources specifically geared to help females feel comfortable with process of buying a car, explained Sheronde Glover, founder and ... [Read More]

Fed Reports on Credit Trends, Vehicle Sales, More

Nick Zulovich
WASHINGTON, D.C. — Among other trends, the Federal Reserve discovered that household credit decreased marginally since its last report. In fact, several districts observed higher delinquencies on mortgages and other consumer loans. For example, New York, Richmond, Chicago, Kansas City ... [Read More]

Ristken Integrates Protective’s Rates into MenuPro

Nick Zulovich
DALLAS — Ristken Software Services announced it has integrated rates from the Asset Protection division of Protective Life Corp. into its MenuPro product. The move was done to offer dealerships direct access to Protective's rates, in addition to rates from ... [Read More]

Capital One Financial Reveals Car-Buyer Study Results

Nick Zulovich
MCLEAN, Va. — As summer is in full swing, teens and young adults throughout the country are preparing to make the single largest purchase of their young lives — their first car. In its annual Rules of the Road survey, ... [Read More]

Triad Financial to Move Headquarters, Relocate 120 Positions

Nick Zulovich
HUNTINGTON BEACH, Calif. — A Triad Financial Corp. spokesperson told SubPrime Auto Finance News this week that company officials have decided to relocate remaining operational functions to their facility in North Richland Hills, Texas. After reviewing business, executives determined the ... [Read More]

Drive Financial Joins RouteOne

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced this morning that Drive Financial Services, which works in the nonprime indirect auto finance industry, has joined the growing number of finance sources on its platform. Drive Financial is a privately held company owned ... [Read More]

Dealers AA Dedicates Subprime Lane to Leases, Repos

Nick Zulovich
PHOENIX, Ariz. — Dealers Auto Auction of the Southwest announced it has created an exclusive subprime lease and repossession lane for its lender clients to run vehicles. These lenders include Lobel and Westlake Financial, in addition to six other subprime ... [Read More]

Credit Acceptance Revamps Web Site

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently launched an updated corporate Web site, which is designed to better benefit dealer clients, investors and customers. The new site was created to be easier to navigate via an updated graphical layout, enhanced ... [Read More]

Wells Fargo Auto Finance Names New Divisional VPs

Nick Zulovich
CHESTER, Pa. — Wells Fargo Auto Finance announced it has appointed Todd Cooper, Scott Micale and David Reynolds as divisional vice presidents. During his 17 year career with Wells Fargo, Cooper has held numerous assignments in sales and credit. Cooper ... [Read More]

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