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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

US Treasury Sells Another 11.2M Shares of Ally Stock

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SubPrime Auto Finance News Staff
As Ally Financial declared quarterly dividend payments for certain outstanding preferred stock holders, the U.S. Department of the Treasury announced the completion of its second pre-defined written trading plan for Ally Financial common stock. Treasury officials on Friday said they ... [Read More]

With Delinquencies Up, Auto ABS Performance Softens in September

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SubPrime Auto Finance News Staff
Leaves are falling and so is the performance of the auto ABS market, but it’s not a “cause for alarm.” Fitch Ratings indicated that the typically slower fall season is leading to higher losses for both prime and subprime U.S. ... [Read More]

5 Reasons Why Credit Scores Don’t Give Whole Picture

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SubPrime Auto Finance News Staff
The newest white paper from Equifax highlighted five reasons why credit scores might not be most accurate or comprehensive way to access a borrower’s qualifications — especially in subprime. Those reasons included: — Credit scores reflect only a portion of ... [Read More]

EFG Companies & NAMAD Create Northwood University Scholarship

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SubPrime Auto Finance News Staff
This week, EFG Companies and the National Association of Minority Automobile Dealers established an annual, private donor scholarship that will fund the four-year tuition of a minority student attending the automotive marketing and management program at Northwood University.  Officials highlighted ... [Read More]

Exeter Details $500M Securitization

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SubPrime Auto Finance News Staff
Exeter Finance Corp. announced this week the pricing of a $500 million securitization backed by auto loan receivables.  The company indicated the private offering consisted of four classes of fixed rate notes issued by Exeter Auto Receivables Trust 2014-3 and ... [Read More]

CPS Revenue & Earnings Jump More Than 20% in Q3

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SubPrime Auto Finance News Staff
Consumer Portfolio Services posted gains of more than 20 percent in both earnings per diluted share and revenue during the third quarter. The finance company bought more paper in Q3 compared to previous time frames and watched delinquencies and charge-offs ... [Read More]

Refuting Subprime Auto ‘Bubble’ Talk That Keeps Surfacing

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Joe Overby, Staff Writer
If you set your automated news alerts or RSS feed to “subprime” or “subprime auto finance,” you’re likely to find news stories that fit in one of two camps:  A) subprime auto financing is heading down a dangerous path akin ... [Read More]

5 Ways Dealers Can Enhance Data Security

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SubPrime Auto Finance News Staff
As more major retailers are being hacked for consumer information, Dealertrack Technologies made five recommendations to help dealerships protect themselves, their customers, store data and ultimately, profitability. Among the five steps shared by Sharon Kitzman, vice president and general manager ... [Read More]

7 Components of eLEND Solutions’ New CreditPlus Tool

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SubPrime Auto Finance News Staff
Officials from eLEND Solutions highlighted the seven main components of CreditPlus, the next generation of their online, interactive credit application platform. Launched on Monday, the company explained CreditPlus can instantly pre-approve shoppers based on dealer-defined credit criteria and can provide ... [Read More]

Study Shows Depth of Debt for Consumers Below Age 29

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SubPrime Auto Finance News Staff
This week, TransUnion took a different look at what kind of debt consumers are carrying nowadays. The new TransUnion study found that the consumer loan wallet — the composition of loans that people typically carry — has materially changed for ... [Read More]

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