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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

Del Mar Recovery Solutions Expands Operations into Michigan

Nick Zulovich
CARLSBAD, Calif. — Skip-tracing, repossession and remarketing management firm Del Mar Recovery Solutions recently expanded its call center operations into Grand Rapids, Mich. Company executives highlighted that a year of steady growth across all of their business lines led Del ... [Read More]

Jeff Haynes Tapped to Be First Re3 Executive of the Year

Nick Zulovich
SAN DIEGO — In the second of three new honors to be handed out during Used Car Week, Auto Remarketing and SubPrime Auto Finance News announced the inaugural winner of the Re3 Executive of the Year Award presented by Consolidated ... [Read More]

CPS Assesses Current Competition from Banks and Larger Auto Financing Firms

Nick Zulovich
IRVINE, Calif. — After wrapping up another quarter of net income growth, Consumer Portfolio Services again addressed competition in the subprime auto financing market. However, late last week, instead of touching on startups that are entering the arena, CPS chairman ... [Read More]

J.D. Power: Combined August & September Lease Volume Climbs by 121K Units

Nick Zulovich
CARY, N.C. — Lease subvention climbed more than 5 percent year-over-year in September, which was the first increase in seven months, according to Autodata Corp. data in the latest Guidelines report from NADA Used Car Guide. The report noted that ... [Read More]

New Ohio Finance Company Rolls Out Online Platform

Nick Zulovich
CINCINNATI — A new finance company servicing dealers and consumers in Ohio is now taking credit applications online. Officials from Buckeye Auto Finance explained their online platform is designed to assist potential nonprime purchasers with important approval criteria such as: ... [Read More]

White Clarke Group: Subprime Finance Market Continues to Rev Up

Nick Zulovich
ATLANTA — A big part of the American dream has always been owning a vehicle. Most private purchases are made via loans and leasing, and in the heady years leading up to the financial crisis, pretty much any would-be buyer ... [Read More]

NADA, AIADA Readdress Concerns Over the CFPB and International Trade

Nick Zulovich
DETROIT and ALEXANDRIA, Va. — Two major dealer associations reiterated their concerns about what's happening in Washington, D.C., nowadays, beyond the solution lawmakers hammered out earlier this week to end the partial government shutdown and lift the debt ceiling. First, ... [Read More]

Spireon Names New Chief Information Officer

Nick Zulovich
IRVINE, Calif. — Mobile resource management and business intelligence solutions provider Spireon chose a new chief information officer this week to direct the company's key information technology initiatives. Tapped for the position was Sam Balooch. "Sam is a true information ... [Read More]

FactorTrust Unveils New Practice to Help Subprime Lenders Work with Underbanked Consumers

Nick Zulovich
ATLANTA — FactorTrust, a provider of underbanked consumer data, analytics and risk scoring solutions on those underserved by traditional banking channels, rolled out solution this week for subprime auto lenders looking to reach these consumers more effectively. The company launched ... [Read More]

Swapalease: Average Vehicle Lease Prices Dip 2 Percent in September

Nick Zulovich
CINCINNATI — Swapalease.com reported on Tuesday that average vehicle lease prices declined 2.0 percent year-over-year based on listings entering the market during September. The site determined prices on leases averaged $582.02 in September, down from $593.66 in September of last ... [Read More]

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