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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

Comptroller calls auto finance behavior reminiscent of mortgage problems

subprime clouds
SubPrime Auto Finance News Staff
Another high-ranking federal regulator tried to tie together what’s happening in vehicle financing nowadays to the mortgage-connected developments that created the Great Recession nearly a decade ago. Comptroller of the Currency Thomas Curry gave a speech to the Exchequer Club ... [Read More]

Mexican institution acquires 65% stake in AFS Acceptance for $18M

scot seagrave at UCW
SubPrime Auto Finance News Staff
Credito Real — an institution in Mexico that boasts five lines of business including used-vehicle installment contracts — announced on Wednesday that it acquired 65 percent of the equity interests issued by AFS Acceptance, a company that specializes in subprime ... [Read More]

DRN rolls out new solution to avoid charge-off losses

chris metaxas for Re3
SubPrime Auto Finance News Staff
Re3 Conference presenting sponsor Digital Recognition Network launched new product on Tuesday that the company is calling its Enterprise Solution — a value-based subscription model for “all-you-can-eat” access to vehicle location data. Finance companies that rely on DRN’s vehicle location ... [Read More]

GWC Warranty adds 4 consultants in 4 markets

new hire
SubPrime Auto Finance News Staff
GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, recently hired dealer consultants in four new markets. In adding four new dealer consultants, GWC is now represented with a dedicated presence in the ... [Read More]

Redefining micro-management of your sales team

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Don Jasensky, Automotive Personnel
Is it time to revisit the definition of micro-management? I receive calls on a weekly basis from frustrated executives lamenting over the difficulty of finding good sales people. You may have heard these frustrations, too, including: — This new generation ... [Read More]

Fitch reiterates 6 components for ABS ratings

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SubPrime Auto Finance News Staff
Fitch Ratings recently published an updated asset-backed sector specific criteria report. Analysts indicated there have been no “material” changes from the previous version, so therefore Fitch expects no impact on outstanding ratings. The firm noted this report updates and replaces ... [Read More]

Honda Finance & Junior Achievement create education site for young drivers

car buy button
SubPrime Auto Finance News Staff
A new national survey finding that teen drivers lack basic knowledge about auto financing and total vehicle ownership costs sparked Junior Achievement USA and American Honda Finance Corp. to create a new website. The national survey orchestrated by Junior Achievement ... [Read More]

CPS explains how FTC settlement is impacting collections

over due notice
Nick Zulovich, Editor
Consumer Portfolio Services chairman and chief executive officer Brad Bradley explained why the company’s noticeable rise in delinquencies stems from adjustments in collection practices that federal regulators forced the company to make. To recap, back in May of last year, ... [Read More]

700Credit integrates with DeskManager DMS for credit reports and more

hands typing on keyboard
SubPrime Auto Finance News Staff
Executives from 700Credit, a provider of credit reporting, prescreen data and compliance products and services, highlighted that their information now is integrated with DeskManager, AutoManager’s DMS software product. The companies explained this comprehensive tool is geared to help users manage ... [Read More]

Westlake & RouteOne partner to boost dealer service

partnership puzzle
SubPrime Auto Finance News Staff
In another effort to implement cost-saving and innovative technology-based initiatives to foster business and meet the demands of its expanding customer base, Westlake Financial Services is now available on RouteOne’s eContracting platform. This development arrives not long after Westlake announced ... [Read More]

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