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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

Credit Acceptance Loosens Term, Sees Q4 Originations Grow

businessman drawing increases
Nick Zulovich, Editor
The average vehicle installment contract term Credit Acceptance originated during the fourth quarter ticked up to 48.5 months. The loosening of terms helped the company generate almost 20 percent more contract volume during Q4 as Credit Acceptance’s active dealer network ... [Read More]

Bankruptcy Filings Open 2015 With More Declines

bankruptcy
SubPrime Auto Finance News Staff
Total U.S. bankruptcy filings now are on a streak stretching back more than four years. During each month of the run, filings have declined year-over-year, according to data provided by Epiq Systems to the American Bankruptcy Institute. This year began ... [Read More]

ELEAD1ONE Integrates with CreditMiner

integration
SubPrime Auto Finance News Staff
CreditMiner, a technology solution that can provide the ability to pre-qualify and pre-screen automotive consumers on Experian, Transunion and Equifax bureau platforms, recently finalized an integration with customer contact management, CRM and dealership software provider ELEAD1ONE. The companies highlighted that ... [Read More]

Ally Targeting Quarterly Non-Prime Originations of 15%

sales increase graph
Nick Zulovich, Editor
Newly appointed Ally Financial chief executive officer Jeffrey Brown wasted little time articulating how he will steer the company. Brown hosted his first conference call with the investment community on Thursday, just three days after succeeding Michael Carpenter in the ... [Read More]

3 Reasons Why ACH Bill Pay Services Could Fade

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SubPrime Auto Finance News Staff
Electronic payment and banking solutions provider ACI Worldwide pointed out that recent research from Mercator Advisory Group showed 62 percent of consumers demand faster bill pay services than the Automated Clearing House (ACH) plans to deliver. In light of that ... [Read More]

IDDS Vice President Earns AFIP Certification

Award
SubPrime Auto Finance News Staff
IDDS co-owner and vice president Max Zanan recently became the latest F&I executive to pass the certification exam orchestrated by the Association of Finance & Insurance Professionals (AFIP). Zanan passed the AFIP test in January. Based in New York City, IDDS ... [Read More]

Exploring Reasons for Recent DOJ Subpoenas to Finance Companies

investigation stock pic
Nick Zulovich, Editor
No less than five finance companies — Ally Financial, Consumer Portfolio Services, Credit Acceptance, General Motors Financial and Santander Consumer USA — have been subpoenaed by the U.S. Department of Justice, which is investigating practices in connection with subprime auto ... [Read More]

Only 30% of Banks Expect Subprime Delinquency Spike

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SubPrime Auto Finance News Staff
The January Senior Loan Officer Opinion Survey on Bank Lending Practices orchestrated by the Federal Reserve indicated about 29.4 percent of the banks that originate subprime auto loans expect delinquency and charge-off rates to increase this year. Fed officials acknowledged ... [Read More]

Hyundai Capital America Signs Lease for New Office Space

2013 hyundai elantra
SubPrime Auto Finance News Staff
This week, Hyundai Capital America signed a lease for 177,000 square feet of working space in Newport Beach, Calif. HCA highlighted the property, which is the west tower located at the corner of Jamboree and MacArthur Boulevards, will serve as ... [Read More]

Ally Taps Brown to Be Next CEO

boardroom chairs at table
SubPrime Auto Finance News Staff
During several conference calls in a row, Ally Financial highlighted how much its auto finance business is crucial to the future success of the company, and continuing to foster relationships with dealers is paramount to extending its recent string of ... [Read More]

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