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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

Next winner of Subprime Auto Finance Executive of the Year Award

New Ozzie Ramos for SPN
Nick Zulovich, Senior Editor
SubPrime Auto Finance News has announced the winner of the fourth annual Subprime Auto Finance Executive of the Year Award, which is again sponsored by Black Book Lender Solutions. The honoree — who will receive the award during the SubPrime Forum at ... [Read More]

First 2 components of GM Financial’s community initiative

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SubPrime Auto Finance News Staff
In an effort to broaden support of customers and the community, General Motors Financial launched what the finance company dubbed its Mobility Initiative, a multifaceted effort aimed at empowering and enriching local communities through financial education and resources, along with ... [Read More]

GWC Warranty names strategic brand manager

new hire
SubPrime Auto Finance News Staff
This week, used-vehicle service contract and related finance and insurance product provider GWC Warranty announced the addition of Therese Pramick as its new strategic brand manager. As a member of the marketing department, the company explained Pramick will be responsible ... [Read More]

Why Carvana’s prequalification program is unique

loan approval
SubPrime Auto Finance News Staff
FactorTrust vice president of auto finance Scott Brackin viewed the move made by Carvana to launch a prequalification financing program as more than just a lever the online auto retailer is pulling to turn used vehicles. What piqued Brackin’s interest ... [Read More]

CPS satisfied with Q3 results despite drop in originations

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Nick Zulovich, Senior Editor
Consumer Portfolio Services chairman and chief executive officer Brad Bradley acknowledged that he thought the company would operate like other subprime auto finance providers during the third quarter — tightening up underwriting and not booking as much paper. Turns out ... [Read More]

FactorTrust integrates database with Provenir

integration button
SubPrime Auto Finance News Staff
This week, FactorTrust finalized the integration of its database with risk analytics and decision solutions provider Provenir in an effort to offer Provenir’s clients exposure to a greater pool of creditworthy borrowers. “Combining FactorTrust’s ability to accurately mine and score ... [Read More]

Automotive Compliance Consultants urges dealers to stay vigilant despite action against CFPB

accountability pic
SubPrime Auto Finance News Staff
Automotive Compliance Consultants advised dealerships to remain vigilant and attentive to consumer business practices even though the U.S. Court of Appeals recently ruled the leadership structure of the Consumer Financial Protection Bureau is unconstitutional. “The CFPB has been the biggest ... [Read More]

Western Funding picks former Credit Acceptance & Wells Fargo manager as VP

new job button
SubPrime Auto Finance News Staff
Western Funding, a specialized consumer finance company and subsidiary of Westlake Financial Services, this week named Garrett Weyrich as its new vice president of sales and marketing. Weyrich joins Western Funding with more than 17 years of auto finance experience. ... [Read More]

As delinquency ticks up, market still seen as ‘extremely favorable’

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Nick Zulovich, Senior Editor
Both S&P Global Ratings and the American Bankers Association spotted rises in auto finance delinquencies in their recent reports, but Cox Automotive chief economist Tom Webb insisted this week that the “overall financing environment remains extremely favorable.” According to results ... [Read More]

Companies might challenge CFPB after court ruling

board of directors table
Nick Zulovich, Senior Editor
More industry reaction percolated stemming from Tuesday’s decision by the U.S. Court of Appeals for the District of Columbia Circuit involving the Consumer Financial Protection Bureau, which on the same day handed out a $28.5 million enforcement action against Navy ... [Read More]

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