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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

Two House Committee Chairs See Conflict of Interest with Former CFPB Official’s New Firm

Nick Zulovich
WASHINGTON, D.C. — Not only are lawmakers taking an issue with how the Consumer Financial Protection Bureau conducts its regulatory business, but some legislators now are also questioning what a former high-level bureau official is doing now that he's back ... [Read More]

TransUnion Uncovers Unique Dynamic Connecting Payments for Subprime Vehicle Financing and Credit Cards

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 CHICAGO — A new TransUnion study reinforced an intuitive belief risk management departments at vehicle finance companies might already have had: Consumers with the ability to pay larger amounts than the ... [Read More]

AFS Acceptance Increases Credit Facility to $75M Through Deals With Capital One, Wells Fargo

Nick Zulovich
FORT LAUDERDALE, Fla. — Earlier this week, AFS Acceptance, a full-service auto finance company serving the subprime financing needs of franchised and independent dealers, secured $20 million in subordinate debt to support expansion of its business. The company highlighted the ... [Read More]

Toyota Financial Services Appoints New CEO to Replace Retiring Borst

Nick Zulovich
TORRANCE, Calif. — Toyota Financial Services will soon have a new president and chief executive officer.  The company announced earlier this week that George Borst is retiring at the end of September, and filling his shoes as president and CEO ... [Read More]

AWARE Highlights How Teens’ Quest for First Car Can Be Educational Opportunity

Nick Zulovich
WASHINGTON, D.C. — With August straight ahead and back-to-school campaigns for clothes and more about to intensify, Americans Well-informed on Automobile Retailing Economics urged parents to provide guidance and support so teenagers can take an active role in selecting a ... [Read More]

GM Financial’s Q2 Earnings and Originations Rise as Subprime Foothold Strengthens

Nick Zulovich
FORT WORTH, Texas — General Motors Financial posted year-over-year gains in quarterly earnings and loan originations as company executives highlighted how they helped the parent automaker maintain its "industry leading leadership" for subprime loan penetration. GM Financial indicated the OEM ... [Read More]

Colorado BHPH Store Flourishes with 9.99 APR Contracts

Nick Zulovich
GREELEY, Colo. — Many buy-here, pay-here dealerships originate contracts with interest rates at 20 percent and higher. It's one of the reasons why store managers in California cheered a year ago when the governor vetoed a measure that would have ... [Read More]

Site Names ‘5 Cheap, Stylish Cars for Subprime Borrowers’

Nick Zulovich
LOS ANGELES — Analysts from GoBankingRates.com recently created a list of new vehicles recommended for subprime buyers. Headlining the list of "5 Cheap, Stylish Cars for Subprime Borrowers" was the Toyota Corolla. The site went with this model because of ... [Read More]

Fed Officials Ask Lenders to Be Helpful as Student Loan Amounts Continue to Climb

Nick Zulovich
CHICAGO and WASHINGTON, D.C. — Finance managers trying to finalize that vehicle contract for a new college graduate might continue to have trouble getting that debt-to-income ratio at a point where the paper is purchased by a finance company. A ... [Read More]

VINtek Assists with Successful Electronic Lien and Title Legislation in Nevada

Nick Zulovich
PHILADELPHIA — VINtek recently reported that the company assisted with the passage of electronic lien and title (ELT) legislation in Nevada, which has been signed into law by Gov. Brian Sandoval. The company explained ELT replaces paper automotive liens with ... [Read More]

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