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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

BHPH Dealers Outline Best Practices

Nick Zulovich
LAS VEGAS — One of the most popular panels Wednesday consisted of five dealers who shared some of their best practices with the audience at the National Alliance of Buy-Here, Pay-Here Dealers conference. The dealer panel included Blake Ingram, of Auto ... [Read More]

Fed: Interest Rates for Auto Finance Companies Drop to Record Low

Nick Zulovich
WASHINGTON, D.C. — The average interest rate on new-vehicle loans at auto finance companies continues to plummet, as it hit an all-time low for the second straight month, the Federal Reserve recently announced. At 2.74 percent, this latest interest rate is down ... [Read More]

Comerica Bank: Auto Affordability Shows Improvement

Nick Zulovich
DALLAS — Although median family income continued on a downward slope in the first quarter, the total cost to buy and finance a new vehicle dropped at a much steeper pace, thanks largely to sharp declines in interest rates, according to Comerica ... [Read More]

Floor Planners Talk Business Trends

Nick Zulovich
LAS VEGAS — Executives representing various floor planners and financial institutions gathered on Wednesday to talk about how the industry is faring. Just what did they say? Taking the stage at the National Alliance of Buy-Here, Pay-Here Dealers conference was Scott ... [Read More]

First Advantage CREDCO Enhances Red Flag Solution

Nick Zulovich
POWAY, Calif. — First Advantage CREDCO introduced a new component to its Red Flag Solution that provides dealers with an automated means to draft, rollout, train and report on their identify theft programs required under the new Red Flags Rule. Red Flag ... [Read More]

RouteOne Integrates with VertiSEL; Accesses Credit-Improvement Solution

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced Tuesday that it has completed integration with VertiSEL, a company that offers programs to consumers who have had difficulties during the auto-financing process due to lack of credit access. Essentially, this integration will allow RouteOne dealers to ... [Read More]

Webb: Recession to Likely End by Q3

Nick Zulovich
LAS VEGAS — Tom Webb had some positive news to share at the National Alliance of Buy-Here, Pay-Here Dealers conference Tuesday. Manheim's chief economist said he is seeing some improvement in the near future in the labor sector, which coupled with ... [Read More]

Experienced Recovery Professional Offers Tip to Reduce Losses

Nick Zulovich
LAS VEGAS — One of the speakers to generate a lot of audience interest Tuesday at the National Alliance of Buy-Here, Pay-Here Dealers conference was Ron Brown, general manager of CSI Group. His company is one of the oldest and largest ... [Read More]

GMAC Says it Will Boost Tier 1 Capital

Nick Zulovich
NEW YORK — On Monday, GMAC Financial Services confirmed capital requirements resulting from the Federal Reserve's Supervisory Capital Assessment Program. Basically, as part of this program, GMAC said by Nov. 9, it plans to increase the common shareholder equity component of ... [Read More]

Hudson: Consumer Credit Fairness Act Could Hurt Industry

Nick Zulovich
HANOVER, Md. — A bill currently being considered by the U.S. Senate Judiciary Committee could prove to be harmful for subprime auto financing and for used-vehicle dealers, and the industry should be aware of its potentially "dangerous" impact, according to Tom Hudson, an attorney ... [Read More]

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