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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

Springleaf Buys OneMain for $4.25B

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SubPrime Auto Finance News Staff
What reportedly was in the works about a week ago came to fruition today as Citigroup announced that it has reached a definitive agreement to sell OneMain Financial Holdings to Springleaf Holdings for a purchase price of $4.25 billion in ... [Read More]

Why Portfolios Need More Than Annual Checkups

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Nick Zulovich, Editor
Think about what you might complete on an annual basis. A family reunion? Your personal income tax filing? A visit with your primary care physician? While perhaps a routine check-up or reconnecting with distant cousins can be successfully accomplished once ... [Read More]

Report: Wells Fargo Capping Subprime Originations

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SubPrime Auto Finance News Staff
A report surfacing this past weekend indicated that Wells Fargo is capping how much subprime auto paper is going to fill its portfolio going forward. The New York Times reported Wells Fargo has decided to cap its subprime originations at ... [Read More]

700Credit Partners with High Performance Credit Systems

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SubPrime Auto Finance News Staff
Officials from 700Credit recently formed an integration partnership with High Performance Credit Systems (HPCS) to create a solution for interactive, subprime credit decisions. The companies explained the agreement will allow 700Credit dealers access to a fast, accurate, and compliant deal ... [Read More]

2 More Captives Now Offer Free Credit Scores

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SubPrime Auto Finance News Staff
As the Consumer Financial Protection Bureau calls on financial services companies of all kinds to provide more free access to consumer credit scores, Hyundai Capital America expanded its partnership with FICO this week. Officials from Hyundai Motor Finance and Kia ... [Read More]

Lease Approvals Bounce Back Despite Some Subprime Drag

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SubPrime Auto Finance News Staff
Despite site executives still taking a cautious approach about the impact subprime applicants and millennials carrying student loan debt, Swapalease.com highlighted lease credit approvals for January started out on a high note. Swapalease.com reported approvals finishing at 75.0 percent for ... [Read More]

Subprime Workshop to Feature Chernek, Dealertrack & Equifax

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SubPrime Auto Finance News Staff
Chernek Consulting will conduct a one-and-a-half-day workshop titled, “Auto Dealer Subprime Sales Success,” that will feature presentations by Dealertrack Technologies, Automotive Dealership Institute (ADI), Equifax and more. The training session is scheduled to begin on April 7 at the Marriott Hotel ... [Read More]

Q4 Subprime Delinquencies Move Up Only Marginally

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SubPrime Auto Finance News Staff
Along with describing how much millennials are fueling the ongoing auto finance resurgence, TransUnion’s latest report showed just a marginal uptick in subprime delinquency rates. TransUnion pegged the year-over-year subprime delinquency movement in the fourth quarter going from 5.72 percent ... [Read More]

DriverUp Launches Online Platform for Accredited Investors

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SubPrime Auto Finance News Staff
DriverUp launched its new program this week that company officials are calling an “industry first” marketplace to give accredited investors an opportunity to enter the auto finance industry directly and provide dealers with an expedited, streamlined credit process.  DriverUp is ... [Read More]

AFC Promotes Exec to Oversee West Division

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SubPrime Auto Finance News Staff
Automotive Finance Corp. promoted Johnny Shroyer to be vice president of operations for the floor plan company’s West division. AFC indicated Shroyer will report directly to Joe Keadle, senior vice president of operations. Shroyer, who joined AFC in 2010 as ... [Read More]

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