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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

Ally to Provide More Materials in Spanish as Part of Broader Minority Marketing Campaign

Nick Zulovich
DETROIT — As a part of Ally Financial's "Success Stories" campaign, which celebrates the dealers and their leadership in the communities they serve, the company is ramping up its efforts to provide brochures and other documents in both English and ... [Read More]

CAR Financial Services Opens New Office in St. Louis, More to Come

Nick Zulovich
ATLANTA — CAR Financial Services opened a new office in St. Louis, marking its 17th domestic office plus two international locations. CAR president Rick Potter highlighted expansion plans are in full gear and more offices are set to open later ... [Read More]

ABI: July Bankruptcy Filings Drop 10 Percent

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute indicated total bankruptcy filings in the United States for July decreased 10 percent compared to the previous year, keeping the pace at the lowest rate the industry has seen in five years. According ... [Read More]

Credit Acceptance Keeping Close Watch on CFPB Developments

Nick Zulovich
SOUTHFIELD, Mich. — As company executives highlighted how much financing volume moved into its second quarter because of delayed federal income tax refunds, Credit Acceptance Corp. also discussed the impact the Consumer Financial Protection Bureau is having on its business. ... [Read More]

NABD: The Critical Decisions That Bring BHPH Success

Nick Zulovich
HOUSTON — Ken Shilson, the president of the National Alliance of Buy-Here, Pay-Here Dealers, wants both new and experienced operators to be able to do at least one thing very well, no matter if they sell one vehicle a month ... [Read More]

Fitch: Slight Loss Increase No Deterrent for Strong US Auto ABS Performance

Nick Zulovich
NEW YORK — Despite a slight uptick in loss rates in June, Fitch Ratings insisted U.S. auto loan ABS asset performance continues to be solid with historically low delinquency rates and loss rates at or near record low. Analysts explained ... [Read More]

NextGear Capital Appoints VP of Operations & Business Development

Nick Zulovich
CARMEL, Ind. — NextGear Capital announced a new vice president of operations and business development last week. Named to the role was Peter Grupposo, who will head up the company's market portfolio strategies and field operational structure. He will be ... [Read More]

CNW: Nearly 70 Percent of July Used Sales Included Financing

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE BANDON, Ore. — The finance office stayed busy in July working up contracts for used vehicles as CNW Research determined 68.9 percent of all used sales last month included financing, a rise ... [Read More]

J.D. Power: Overall Satisfaction with Dealer Financing Increases

Nick Zulovich
WESTLAKE VILLAGE, Calif. — The J.D. Power 2013 U.S. Dealer Financing Satisfaction Study showed dealer satisfaction increased in all finance provider areas for the second consecutive year. What extended the upward trend? J.D. Power indicated this week that appeal for ... [Read More]

Car-Mart Opens Second Store in Georgia

Nick Zulovich
BENTONVILLE, Ark. — Earlier this week, America's Car-Mart opened its second store in Georgia, the second new dealership launch of its 2014 fiscal year. The 126th dealership in Car-Mart's network of buy-here, pay-here lots is located in Rome, Ga. The ... [Read More]

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