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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
SPONSORED EPISODE: Allied Solutions explains why origination is episodic, but servicing is continuous
John Elias, sales specialist in auto finance business development for Allied Solutions, is back as the guest for another sponsored episode of the Auto Remarketing Podcast. Elias explains why current market conditions, affordability pressures and changing vehicle values are combining ... Listen Here

S&P/Experian Spots ‘Healthy’ Credit Default Rates for May

Nick Zulovich
NEW YORK — Analysts who compile the S&P/Experian Consumer Credit Default Indices found a steady pattern for May as the auto loan rate moved marginally while the composite reading remained unchanged. S&P Dow Jones Indices and Experian determined May's auto ... [Read More]

Used-Vehicle Value & Recovery Impact as Leasing Reportedly Soars More Than 200 Percent

Nick Zulovich
NEW YORK — Fitch Ratings explored the potential ramifications on used-vehicle values and the impact on recoveries as the auto leasing origination market soars, reportedly spiking by as much as 248 percent in May alone. Fitch contends that continued competition ... [Read More]

Dealertrack Technologies to Discuss Compliance in Another Free Webinar

Nick Zulovich
LAKE SUCCESS, N.Y. — Along with introducing a new online trade-in appraisal tool, Dealertrack Technologies is hosting a free webinar titled, "Your Top 5 Compliance Concerns for the Summer." The session is scheduled for 2 p.m. ET on Thursday. On ... [Read More]

NIADA Names F&I Firm as National Member Benefit Partner

Nick Zulovich
ARLINGTON, Texas — The National Independent Automobile Dealers Association announced its endorsement of an F&I service for independent dealers it called "best in class." Named by the NIADA as a National Member Benefit Partner is Vantage Finance, the only company ... [Read More]

FTC Issues Revised Business Guide on Red Flags Identity Theft Rule

Nick Zulovich
WASHINGTON, D.C. — The Federal Trade Commission issued revised guidance designed to help businesses such as dealerships comply with the requirements of the Red Flags Rule, which protects consumers by requiring businesses to watch for and respond to warning signs ... [Read More]

ProMax Unlimited On Track for 2,000 Dealer Users by Year End

Nick Zulovich
DAVENPORT, Iowa — Triggered by new solution capabilities, ProMax Unlimited, a Web-based subprime financing software provider, highlighted the growth trajectory it is enjoying this year. Company officials contend they are on track to have more than 2,000 dealers using their ... [Read More]

Reynolds LAW Rolls out F&I Library of Forms for WV Dealers

Nick Zulovich
DAYTON, Ohio — Reynolds and Reynolds announced the availability of the LAW West Virginia F&I Library that is designed to offer West Virginia automobile and truck dealers a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents. Officials ... [Read More]

iTapMenu Launches F&I Product Rating with Provider Exchange Network

Nick Zulovich
SOUTHFIELD, Mich. — Provider Exchange Network, a division of Open Dealer Exchange, recently completed integration with the F&I mobile menu, iTapMenu. Officials explained the iTapMenu will now feature electronic rating via PEN. "We couldn't be more excited about the partnership ... [Read More]

Top 10 Most Refinanced Vehicles by Below-Prime Buyers

Nick Zulovich
IRVINE, Calif. — CarFinance.com recently compiled data showing the Top 10 most frequently refinanced makes and models by the site's below-prime customers since last year.  Among the brands listed, domestic badges represented the top three as well as half of ... [Read More]

Experian Rolls Out New Financing Process Solution for World Omni

Nick Zulovich
COSTA MESA, Calif. — Experian recently announced that it is providing World Omni Financial Corp. with a flexible decision management solution based on its PowerCurve and Attribute Toolbox software aimed at streamlining the processing and decisioning of auto finance applications. ... [Read More]

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