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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
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here

Fed reiterates timing when rate-cut impact truly surfaces

powell just before Halloween
SubPrime Auto Finance News Staff
While referencing conditions of consumers who might be purchasing particular vehicles in your inventory or are already contract holders within your portfolio, Federal Reserve chairman Jerome Powell reiterated the impacts made by policymakers involving interest rates do not necessarily fire as ... [Read More]

From the editor: A crisis facing repossession agents

opinion
Nick Zulovich, Senior Editor
While the overall automotive industry might be relatively healthy, no doubt there are dealerships struggling with aged inventory, auctions stressed to keep commercial consignors satisfied and finance companies wringing their hands over compressed margins and wavering portfolio performances. But if ... [Read More]

A tale of two candidates and a vital lesson for hiring managers

job interview
SubPrime Auto Finance News Staff
Automotive Personnel founder and chief executive officer Don Jasensky addressed what he believes is the most common hiring mistake employers make. The National Automotive Finance Association board member discussed when dealerships and finance companies might pass on a potentially high ... [Read More]

2 separate Inovatec surveys shed light on pain points for lenders & consumers

strategy picture
SubPrime Auto Finance News Staff
While enhancements in auto financing certainly have been made over the years, a pair of surveys orchestrated by Inovatec Systems Corp., revealed areas where improvements still could be made for the benefit of finance companies and consumers. This week, Inovatec ... [Read More]

August recoveries improve based on S&P auto ABS data

money-key
SubPrime Auto Finance News Staff
While some overall metrics in the U.S. auto loan asset-backed securities (ABS) sector demonstrated seasonality, S&P Global Ratings also spotted some improvements in recoveries for both prime and subprime. According to its latest report, U.S. Auto Loan ABS Tracker: August ... [Read More]

TMCC’s ‘commitment to innovation’ made through latest financing action

money-stack
SubPrime Auto Finance News Staff
Toyota Motor Credit Corp. (TMCC) said it made a complex financing move that the captive said was “demonstrating the company’s commitment to innovation and advancing its reputation as an industry leader.” On Thursday, TMCC announced that it issued its first ... [Read More]

Credit Acceptance executive receives AFSA honor

award winner
SubPrime Auto Finance News Staff
As another member of the auto-finance industry became chairman of the American Financial Services Association’s board of directors, an executive who has been with Credit Acceptance since 1996 received AFSA’s Distinguished Service Award (DSA) during the organization’s annual meeting in ... [Read More]

6 executive moves made by Location Services

new hire 2
SubPrime Auto Finance News Staff
Location Services announced six executive-level personnel moves on Wednesday, welcoming four new members to its management team and elevating two other individuals into higher leadership posts. The provider loss-mitigation outsource solutions for the financial services industry began its rundown of ... [Read More]

Hudson Cook set to launch another webinar series

news update
SubPrime Auto Finance News Staff
Hudson Cook is preparing to offer the industry another way to stay up to date on the Consumer Financial Protection Bureau’s activities. Hudson Cook partners Eric Johnson and Justin Hosie will be hosts for a new monthly webinar series titled, ... [Read More]

Delay of CECL accounting standard moves forward as ongoing concerns remain

accounting image
Nick Zulovich, Senior Editor
Last week, the Financial Accounting Standards Board (FASB) unanimously voted to delay implementation of the Current Expected Credit Loss (CECL) accounting standard, but segments of the industry still remained concerned about the regulatory matter. To recap, FASB is looking to ensure ... [Read More]

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