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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

AFSA Unveils White Paper on Trends in Vehicle Franchise Legislation

SubPrime Auto Finance News
The state government affairs committee of the American Financial Services Association recently issued a white paper, focusing on a trend in vehicle franchise legislation that affects the relationship between automakers regulated financial institutions and franchised dealers related to the sale ... [Read More]

Skopos Financial Grows Dealer Base by 120 Percent, Adds 7 New States

SubPrime Auto Finance News Staff
Indirect subprime auto finance company Skopos Financial recently expanded its base of franchised dealer partners by more than 120 percent. The company increased its presence across the United States with the addition of seven new states where the lender now ... [Read More]

FNI Examines Which Buyers Often Purchase Add-On Products

SubPrime Auto Finance News
In his latest commentary to help finance companies generate the most revenue and penetration out of the sale of add-on products, FNI Inc. president David Bafumo considered exactly what kind of consumer ends up buying these products in conjunction with ... [Read More]

CPS Maintains Goal of Reaching $2B Portfolio

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Nick Zulovich, Editor
Consumer Portfolio Services chairman and chief executive officer Brad Bradley repeated the formula the company needs to reach a $2 billion portfolio: purchase $125 million worth of vehicle contracts each month. Simple enough, right? Well, Bradley acknowledged the path to ... [Read More]

FNI Outlines 5 Points When Considering Prices for Add-on Products

SubPrime Auto Finance News
The combination of two recent events — regulator enforcement action against Ally Financial and a study by a powerful consumer group — prompted FNI Inc. president David Bafumo to outline five points auto finance companies can consider when pricing add-on ... [Read More]

Former CNCDA Official to Become President of Auto Advisory Services

SubPrime Auto Finance News Staff
Compliance consulting company Auto Advisory Services announced who will become its new president while also revealing on Thursday that current president and principal Rob Cohen will remain as chairman. Joining AAS from the California New Car Dealers Association is Jonathan ... [Read More]

Nicholas Financial Increases Contract Purchases in Q3

SubPrime Auto Finance News Staff
With the sale of the vehicle financing company influencing some of its bottom-line performances, Nicholas Financial purchased more contracts during the third quarter of its current fiscal year as compared to a year earlier. The company brought in 3,426 contracts ... [Read More]

Huntington Survey Highlights Upbeat Auto Forecast for Midwest

SubPrime Auto Finance News
Huntington Bank is bullish about its vehicle financing opportunities this year after upbeat results from its yearly survey to gauge sales potential in the Midwest. The company's second annual Midwest Economic Index indicated that 22 percent of consumers in the ... [Read More]

EFG Companies: Are You Frustrated with CFPB’s Compliance Guidelines?

Steve Klees, EFG Companies
If you attended last month's National Automobile Dealers Association Convention & Expo or have simply been following industry news, you know that compliance is this year's hot topic. In the first quarter of 2013, the Consumer Financial Protection Bureau threw ... [Read More]

Credit.com Survey Sheds Light on How Married & Divorced People Handle Finances

SubPrime Auto Finance News
In new survey results released today that looked at how married and divorced people deal with credit and debt that can include auto loans, Credit.com found that almost half (49 percent) of currently married couples reported their credit scores to ... [Read More]

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