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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

CNW: August Used Sales Rise 5 Percent

Nick Zulovich
BANDON, Ore. — With the last day of August coming as part of Labor Day weekend, CNW Research tabulated that the used-vehicle sales figure for the month jumped 5.6 percent year-over-year. Combining sales at franchised and independent dealerships as well ... [Read More]

CFPB Keeps Antonakes as Deputy Director

Nick Zulovich
WASHINGTON, D.C. — This morning, the Consumer Financial Protection Bureau announced Steve Antonakes has been officially named deputy director of the agency. Antonakes had been serving as the acting deputy director of the CFPB. Officials indicated Antonakes will continue to ... [Read More]

Fitch Sees ‘Softer Fall’ Approaching in U.S. Auto ABS Market

Nick Zulovich
NEW YORK — Fitch Ratings reported this week that losses on both prime and subprime U.S. auto ABS rose in July following lows seen earlier in the spring. Despite the increase, analysts indicated used-vehicle values have stayed strong in the ... [Read More]

Car-Mart Ramps Up Use of GPS as New Georgia Store Opens

Nick Zulovich
BENTONVILLE, Ark. — This week, America's Car-Mart opened the 127th dealership in its network of buy-here, pay-here stores. And it's nearly certain the vehicle in inventory will be equipped with a GPS device, a practice the company hesitated in doing ... [Read More]

Equifax: Auto Originations Hit Levels Not Seen Since 2005

Nick Zulovich
ATLANTA — According to Equifax's latest National Consumer Credit Trends Report, new credit for auto originations between January and May of this year soared to an eight-year high, producing an increase of more than 15 percent from same time a ... [Read More]

AutoTrader, Carfax Renew Vehicle Report Agreement

Nick Zulovich
CENTREVILLE, Va. and ATLANTA — It's eight years and counting for one automotive partnership, which benefits some 20,000 dealers nationwide in advertising their inventories. AutoTrader.com and Carfax this week announced the renewal of their eight-year partnership that allows dealers to ... [Read More]

Newest Black Book White Paper Examines Varying Rates of Vehicle Depreciation

Nick Zulovich
GAINESVILLE, Ga. — With so many different makes and models within a single vehicle segment available nowadays as well as how finance companies are buying contracts lower down the credit spectrum, Black Book Lender Solutions wanted to provide some updated ... [Read More]

CFPB Bolsters Staff with 4 Additions

Nick Zulovich
WASHINGTON, D.C. — While the agency has yet to announce a replacement for the regulator who will oversee auto financing, the Consumer Financial Protection Bureau added four new staff members this week. Among the new additions, the CFPB tapped individuals ... [Read More]

Loeb & Loeb, CARS Offering Free CFPB Compliance Webinar

Nick Zulovich
LOS ANGELES — Loeb & Loeb in association with Consolidated Asset Recovery Systems (CARS) is offering a complimentary 60-minute webinar focused on compliance with Consumer Financial Protection Bureau mandates. The session titled, "Road Map to CFPB Compliance for the Auto ... [Read More]

AFSA Launches Compliance Committee

Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association contends the industry has been faced with a slew of new rules and regulations since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. To help its members prepare ... [Read More]

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