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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

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]

Subprime Deals ‘Incremental,’ but Helpful to CarMax Results

Nick Zulovich
RICHMOND, Va. — Eighteen percent of the used-vehicle units sales CarMax posted in the second quarter ending Aug. 31 were originated by third-party subprime finance providers, the company said in its earnings release earlier this week. This subprime penetration is ... [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]

Huntington Broadens Auto Dealer Financing Business into Iowa

Nick Zulovich
COLUMBUS, Ohio — Huntington announced this morning that it is expanding its growing auto dealer financing business into Iowa and added key personnel into the state to support the initiative.  "Huntington Auto Finance continues to expand its auto finance business ... [Read More]

TransUnion Explains How Managed Delinquencies Can Help Auto Lending

Nick Zulovich
CHICAGO — A new TransUnion study found consumers are still more likely to pay their auto loans ahead of their mortgages and credit cards. But what if consumers started to waver on keeping up with their vehicle notes and delinquencies ... [Read More]

Shilson: Getting Your Best BHPH Customers Back

Nick Zulovich
HOUSTON — The first half of 2013 is now in the rearview mirror for the buy-here, pay-here industry, and it's time to look back. Many operators reported lower unit sales versus the same period last year. Two important questions are, ... [Read More]

Report: 2 Captive Arms Being Examined for Possible Discrimination

Nick Zulovich
WASHINGTON, D.C. — The Consumer Financial Protection Bureau and the Department of Justice are probing a pair of captive finance companies looking for the possibility of discrimination, according to a report by Bloomberg. The report indicated the two companies that ... [Read More]

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