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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

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]

S&P/Experian: Auto Loan Defaults Edge Up for 3rd Consecutive Month

Nick Zulovich
NEW YORK — After the auto loan portion of the S&P/Experian Consumer Credit Default Indices dropped to the lowest level ever recorded by S&P Dow Jones Indices and Experian in June, the reading now has inched up three months in ... [Read More]

KBB Shopper Survey: Federal Shutdown Slowing Sales; Interest Rates to Rise

Nick Zulovich
CARY, N.C. — As multiple captive finance companies make special considerations for furloughed federal workers, the ongoing turmoil on Capitol Hill over the government shutdown and debt ceiling appears to be having a pronounced impact on potential sales. Kelley Blue ... [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]

Capital One & GM Extend Program to Help Consumers Earn Rewards Toward Vehicle Leases

Nick Zulovich
McLEAN, Va. and DETROIT — Capital One Financial Corp. and General Motors extended their relationship that can help consumers earn rewards toward the purchase or lease of a vehicle. The companies along with MasterCard announced a multi-year extension of their ... [Read More]

Experian’s Zabritski on Tap for SubPrime Forum’s Opening Keynote Address

Nick Zulovich
SAN DIEGO — Being that the SubPrime Forum is the newest addition to Used Car Week, organizers wanted to get the event off to a great start. So handling the chores of the opening keynote address is Melinda Zabritski, director ... [Read More]

Gearing up Nonprime Auto Loans with Instant Employment Verification

Nick Zulovich
ATLANTA — Car sales are up; customers are back in the showroom; and cars are going over the curb. It's fun to be in the car business again. After quite a few "roll up the sleeve" years, the American car ... [Read More]

Westlake Finalizes $200M Securitization with Wells Fargo and RBS

Nick Zulovich
LOS ANGELES — Westlake Financial Services recently announced a new $200 million securitization jointly led by Wells Fargo and the Royal Bank of Scotland. Officials indicated the securitization closed on Sept. 25 with all bonds sold on the investor market. ... [Read More]

DriveItNow Adds Tool to Measure Trade-In Equity and Impact on Payments

Nick Zulovich
CINCINNATI — Online monthly payment marketing technology provider DriveItNow announced its new Trade-in Equity Analyzer is now available as part of its pre-qualified payment quoting service. Since many vehicle sales involve a trade-in, DriveItNow said the value and the equity ... [Read More]

Equifax Enhances Underwriting Solution for Lenders

Nick Zulovich
ATLANTA — This week, Equifax launched what the credit bureau called Advanced Decisioning Attributes, a set of analytical building blocks that can enhance the ability to make predictive underwriting decisions.    Officials indicated Equifax Advanced Decisioning Attributes can deliver more than ... [Read More]

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