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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

BillingTree Opens Annual Payments Survey

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SubPrime Auto Finance News Staff
BillingTree opened its annual ARM Industry Operations, Technology & Payments Survey this week, marking the third consecutive year the company has underwritten the survey before publishing and distributing the results each spring. The survey is directed toward collection agency owners ... [Read More]

ABA Economist Notes What 1-Cent Drop at the Pump Means

gas nozzle and cash
SubPrime Auto Finance News Staff
Auto loan performance helped overall delinquencies to continue to decline in last year’s third quarter, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. But what might delight finance companies even more is how optimistic ABA chief economist ... [Read More]

Exeter Completes Launch of Revamped Originations Platform

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SubPrime Auto Finance News Staff
Exeter Finance Corp. completed the launch of its new originations platform this week; a process the company insisted can reduce the typical decision time to under 15 seconds. Additionally, Exeter highlighted that it is now able to restructure the loans ... [Read More]

CreditMiner Adds Equifax to Soft Bureau Data Portfolio

credit report
SubPrime Auto Finance News Staff
CreditMiner recently reached an agreement with Equifax to give the credit inquiry tool access to the Prescreen of One service, an Equifax solution for individual, real-time prescreens that can help consumers by letting them know they are qualified for financing and enhance ... [Read More]

Obama Touts Ally’s Choice to Make FICO Scores Available to Auto Customers

President-Obama at Ford plant for SPN
SubPrime Auto Finance News Staff
President Obama highlighted the move made by Ally Financial on Monday to offer its auto finance customers free access to their FICO score as a means to better understand their credit health. Obama mentioned the development during an event at ... [Read More]

Why Webb Is So High On Current State of Financing

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Nick Zulovich, Editor
The availability of financing coupled with family budget influencers such as softening gas prices prompted Manheim chief economist Tom Webb to say the following about the auto finance landscape — especially in relation to the subprime segment: “It doesn’t get ... [Read More]

Shaw Integrates DRN’s Data to Enhance Collections

business man with tablet
SubPrime Auto Finance News Staff
Digital Recognition Network (DRN) and Shaw Systems Associates announced on Monday that Shaw will be embedding DRN’s location data and scoring analytics into its collections software platform. Officials highlighted DRN’s data and analytics will allow Shaw to address collections issues ... [Read More]

RoadVantage Rolls Out CFPB Compliance Solution

puzzle piece white and green
SubPrime Auto Finance News Staff
Along with revamping its tire-and-wheel coverage plan, F&I program provider RoadVantage recently unveiled a Web-based compliance management system (CMS) that can help dealers ensure their practices are compliant with standards set by the Consumer Financial Protection Bureau. RoadVantage explained that ... [Read More]

Protecting Dealers from Cybercrimes & Data Hacks

car buy button
SubPrime Auto Finance News Staff
Automotive Compliance Consultants contends dealerships run the same risks as do national merchandisers such as Target and Home Depot that have been struck by hackers in recent months. Because cybercrimes are on the increase, Automotive Compliance Consultants and cyber-security partner ... [Read More]

Prestige President Takes Additional Role at Total Auto Care

boardroom chairs at table
SubPrime Auto Finance News Staff
The Larry H. Miller Group of Companies announced recently that Bryan Henrie, currently the president of Prestige Financial Services Inc., has now been named the president of Total Care Auto, effective immediately. “Bryant has worked for the LHM Group for ... [Read More]

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