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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

Fed: Average 3Q Interest Rate through Auto Finance Companies Dips

Nick Zulovich
WASHINGTON, D.C. — Interest rates for new-car loans through auto finance companies dipped in the third quarter, coming in at an average of 3.24 percent, according to the Federal Reserve Board. More specifically, the measurement hit its lowest point of the ... [Read More]

ABA Dispels Bankruptcy Rumors; Shares Direct, Indirect Auto Loan Data

Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association recently disputed some commonly held myths about the new bankruptcy law, which reached its one-year anniversary not long ago. Additionally, the association also discussed second-quarter late payments, including both direct and indirect auto ... [Read More]

NABD to Share New BHPH Benchmarks at Upcoming Collection Conference

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is preparing for its two-day collection academy in Atlanta, Jan. 10-11 at the Manheim DRIVE Center. One of the highlights of this year's event will be some newly introduced benchmarks from ... [Read More]

Wells Fargo Auto Finance Names 3Q Stagecoach Winners

Nick Zulovich
CHESTER, Pa. — Wells Fargo Auto Finance recently announced the winners of its Stagecoach Awards for the third quarter. The recipients of this award were recognized as Wells Fargo Auto Finance's best dealers and selected from nearly 21,000. This is ... [Read More]

National Loan Exchange Shares 3Q Market Trends

Nick Zulovich
EDWARDSVILLE, Ill. — National Loan Exchange recently announced that aggregate asset class pricing is available for third-quarter sales. "Debt prices were steady/slightly higher throughout the third quarter despite a substantial increase in volume as compared to the first half of ... [Read More]

AmeriCredit Offers More 72-Month Loans, Expands Credit Spectrum

Nick Zulovich
FORT WORTH, Texas — Discussing AmeriCredit's first-quarter results, Dan Berce, president and chief executive officer, said the company has expanded its 72-month term program, in addition to reporting business was off to a "solid" start for fiscal 2007. "Our primary competitors ... [Read More]

MAFS Names New Vice President

Nick Zulovich
ATLANTA — Manheim recently named Jeff Bunch as vice president of sales and operations for Manheim Automotive Financial Services. In his new role, Bunch is responsible for overseeing national sales efforts for all MAFS products, field operations at all operating locations ... [Read More]

Payment Protection Systems Merges with Sekurus

Nick Zulovich
TEMECULA, Calif. — Payment Protection Systems, which manufacturers On Time, announced it has merged with Sekurus, whose products and solutions are used to secure and manage subprime auto loan portfolios of buy-here, pay-here dealers and financial institutions. Sekurus specializes in providing asset ... [Read More]

Flex Fund Searches for VP of Ops.

Nick Zulovich
NEWPORT BEACH, Calif. — Flex Fund Financial Services, a provider of used-car inventory financing for both new- and used-car dealers, announced it is searching for a new vice president of operations. According to executives, the new position is designed to help ... [Read More]

CheckVelocity Offers Several Programs Designed to Improve Collection Procedures

Nick Zulovich
NASHVILLE, Tenn. — CheckVelocity recently began partnering with auto finance companies, including buy-here, pay-here dealerships, to facilitate collection procedures. CheckVelocity said it has several programs, including VerifyNow, PayNow and RecoveryNow, which were created to verify a payment is valid once ... [Read More]

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