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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

Equifax: Auto Loan Balances at Highest Level in More Than 5 Years

Nick Zulovich
ATLANTA — According to Equifax's latest National Consumer Credit Trends Report, the total outstanding balances on auto and credit card loans increased year-over-year in August. Analysts contend the total balance of existing auto loans is at its highest level in ... [Read More]

S&P Examines Subprime ABS Trends to Close Year as Credit Quality Softens

Nick Zulovich
NEW YORK — After a nearly two-year hiatus following the credit crisis that began in late 2007, Standard & Poor's Ratings Services insisted the issuance of subprime auto loan asset-backed securities has rebounded significantly. In their latest report, analysts highlighted ... [Read More]

FEX Announces Integration with RouteOne

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently completed integration with RouteOne to allow independent dealers that use the Web-based financial services and technology provider to submit applications to all RouteOne lenders with whom they have an existing relationship. The ... [Read More]

AFSA Highlights Board of Director Elections, Newest Members

Nick Zulovich
WASHINGTON, D.C. — Along with five new members, five financial services executives have been elected to the board of directors of the American Financial Services Association. The new board members are: —Angela Chattin, president of CarMax Auto Finance —James Cho, ... [Read More]

J.D. Byrider Continues to Boost BHPH Presence in Midwest

Nick Zulovich
NORTH KANSAS CITY, Mo. — About two weeks after rolling out a franchisee in Green Bay, Wisc., J.D. Byrider announced this morning that the newest dealership in its buy-here, pay-here network began to retail vehicles in the Kansas City area. ... [Read More]

Fitch: As Subprime Stays Stable, Prime Auto ABS Exhibiting Less Volatility Than in Prior Years

Nick Zulovich
NEW YORK — Fitch Ratings reported this week that prime annualized net losses crept up 3 percent in August above July's level, showing much less of an increase during this historically weaker period. Further, analysts highlighted that used-vehicle values were ... [Read More]

Illegal Use of Text Messages in Collections Triggers $1 Million Penalty from FTC

Nick Zulovich
NEW ORLEANS and WASHINGTON, D.C. — Panel discussions about collections at events hosted by the National Alliance of Buy-Here, Pay-Here Dealers sometimes stir the most attention from conference goers. This week's enforcement action revealed by the Federal Trade Commission regarding ... [Read More]

Exeter Finance Reinforces Commitment to Hire Veterans

Nick Zulovich
IRVING, Texas — Exeter Finance Corp. reiterated its commitment to bolstering its personnel by bringing in veterans of the U.S. military. It's all part of Blackstone's inaugural Veterans Hiring Summit. In support of the White House's "Joining Forces" initiative, Blackstone ... [Read More]

Report Finds Open, Transparent Process Is Most Successful for CFPB

Nick Zulovich
WASHINGTON, D.C. — As the agency's director reinforced the use of disparate impact to check for discrimination, a new report by the Bipartisan Policy Center's Financial Regulatory Reform Initiative includes several recommendations for the Consumer Financial Protection Bureau and Congress ... [Read More]

Dealertrack Technologies to Buy VINtek, Names Head of Canadian Operations

Nick Zulovich
LAKE SUCCESS, N.Y., and MISSISSAUGA, Ontario — Along with revealing who is going to oversee its Canadian operation, Dealertrack Technologies entered an agreement to purchase VINtek, a provider of automotive collateral management, electronic lien and title and consumer automotive finance ... [Read More]

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