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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

Collections Among Topics on Tap at NAF Association Annual Conference

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Nick Zulovich, Editor
If the auto finance market is about to pivot in any direction from its current path, the National Auto Finance Association is hoping its 19th annual Non-Prime Auto Financing Conference prepares executives and managers with the information and strategy they ... [Read More]

KPA Ramps Up Offerings to Boost Dealership Compliance

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SubPrime Auto Finance News Staff
KPA, a provider of dealership management software and services, recently launched a new product line that combines efficient software, comprehensive content and on-demand expert advice to help stores follow sales and finance best practices and ensure their business complies with ... [Read More]

Metrolina Credit Expands NC Footprint

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SubPrime Auto Finance News Staff
This week, Metrolina Credit Co. announced the opening of its newest branch office in Raleigh, N.C.  This opening expands the subprime finance company’s branch network to five full service branch operations across North and South Carolina, and represents the second ... [Read More]

3 Paths to Sharpen Collection Strategies

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SubPrime Auto Finance News Staff
AutoStar Solutions chief legal officer Steve Levine pointed out most dealers and finance companies are well aware of what he described as “big-picture” compliance safeguards they should implement into their collections efforts. But Levine also stressed that actually putting these ... [Read More]

More ‘Normalizing’ Ahead for Captives

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SubPrime Auto Finance News Staff
Fitch Ratings is projecting that “normalization” is ahead for many major U.S. captive finance companies. Analysts arrived at that position because they see strong asset quality and profitability measures among several captive finance companies are expected to continue to revert ... [Read More]

Subprime Share at Lowest Point in 3 Years

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SubPrime Auto Finance News Staff
Evidently, dealerships and finance companies aren’t just giving cars away to just any consumer who arrives on the lot and completes a vehicle installment contract application, inflating that “bubble” some observers continue to mention. On Monday, Experian Automotive reported that ... [Read More]

defi SOLUTIONS Acquires OpenRule Systems

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SubPrime Auto Finance News Staff
While outlining the five service offerings that will result from the development, executives from defi SOLUTIONS on Friday announced the acquisition of OpenRule Systems APM (Application Process Manager). They indicated the two companies will combine to create an even stronger ... [Read More]

84-Month Loans Focus of New Black Book Analysis

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Nick Zulovich, Editor
Black Book Lender Solutions wanted to give the industry analysis and information so dealerships and finance companies can handle the latest origination challenge. A potential buyer has a family budget cap for a monthly payment of roughly $400, but those ... [Read More]

Exeter Finance Highlights $550M Securitization

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SubPrime Auto Finance News Staff
In the company’s second securitization of the year, Exeter Finance Corp. announced the pricing of a $550 million securitization backed by automobile loan receivables. The private offering included four classes of fixed rate notes issued by Exeter Auto Receivables Trust (EART) ... [Read More]

3 Ways Dealers Can Get Payments in New Western Funding Program

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SubPrime Auto Finance News Staff
Western Funding, a specialized auto finance company focusing on subprime credit, explained the benefits its Triple Pay reward program for dealerships while also reporting sustainable growth stemming from its first-quarter performance. With the launch of Triple Pay, the company highlighted ... [Read More]

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