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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

Vanguard Dealer Services partners with private equity firm

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SubPrime Auto Finance News Staff
Vanguard Dealer Services — an agent and administrator of F&I products and services to franchised dealers nationwide — formed a partnership this week with Southfield Capital, a lower middle market private equity firm. Officials indicated Vanguard's senior management, including chief ... [Read More]

Reynolds & MADA unveil Maryland F&I library

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SubPrime Auto Finance News Staff
Reynolds Document Services, a part of Reynolds and Reynolds, joined forces with the Maryland Automobile Dealers Association (MADA) this week to establish the Reynolds LAW Maryland F&I Library. The library is a comprehensive catalog of standardized, legally reviewed F&I documents ... [Read More]

Q2 delinquencies drop to lowest level in 2 years

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SubPrime Auto Finance News Staff
A day after the latest auto loan default data showed only marginal movement, TransUnion reported on Wednesday that its information shows the national auto loan delinquency rate declined to its lowest level in two years. TransUnion’s auto delinquency rate — ... [Read More]

NAF Association’s latest effort to help finance companies’ document training

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SubPrime Auto Finance News Staff
Even the freshest law school graduate likely understands the concept of, “If you didn’t document it, it didn’t happen.” In an intensifying regulatory world where compliance training is becoming more important, the National Automotive Finance Association highlighted how several major ... [Read More]

EFG Companies & Northwood create F&I Innovator of the Year competition

Award
Nick Zulovich, Editor
EFG Companies and Northwood University are collaborating again, this time for an F&I competition designed to “jolt” the industry into a higher standard of innovation.  A new accolade to be held annually, officials highlighted the F&I Innovator of the Year program will ... [Read More]

CU Direct Connect develops custom risk score with FICO

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SubPrime Auto Finance News Staff
CU Direct Connect (CUDC), a participant in the Colorado automotive financing market that provides indirect services to credit unions and dealers, announced the upcoming availability of a custom auto loan risk score designed by FICO. Officials highlighted this new score ... [Read More]

Auto defaults move ‘scant’ higher from low point

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SubPrime Auto Finance News Staff
Contrary to what happens most times when the S&P/Experian Consumer Credit Default Indices are updated, the auto loan component made a move upward on a sequential basis while the other four elements watched by S&P Dow Jones Indices and Experian ... [Read More]

Former Treasury official takes over as ABA president & CEO

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SubPrime Auto Finance News Staff
A former Senate-confirmed Treasury Department official took the reins as president and chief executive officer of the American Bankers Association on Monday. Back in May, ABA board of directors unanimously selected Rob Nichols to succeed former Oklahoma Gov. Frank Keating, ... [Read More]

The case for making the shift to eContracting

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Michael Collins, Dealertrack Technologies
Thanks to technology, today people look for speed and efficiency in everything they do more than ever before — and the car buying process is no exception. Carrying the stigma of being time-consuming, even called “painful” by customers, how can ... [Read More]

20 years and counting: The strong bond of credit unions & dealers

puzzle pieces coming together
Nick Zulovich, Editor
Perhaps another component of why credit unions are so aggressive in expanding their auto portfolios is their collective relationship with dealerships is as good as it’s ever been. That’s the sentiment conveyed by CU Direct executive vice president Jerry Neemann when ... [Read More]

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