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Industry Elite: Sean Morgan of Westlake Financial
Monday, Mar. 23, 2026, 03:07 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Sean Morgan, who is executive vice president of finance and operations at Westlake Financial. Morgan talks with Cherokee Media Group senior editor Joe Overby ... Listen Here
Automotive Intelligence Award honoree Tom Kontos of Auto Auction Holdings
Monday, Mar. 23, 2026, 01:56 PM
Our conversations with the 2026 Automotive Intelligence Award winners continue with Tom Kontos, who now is analytics advisor for Auto Auction Holdings. Convinced to come out of retirement and get back in the business last fall with the growing wholesale ... Listen Here
Industry Elite: Mike Clark Jr. of C&C Cars
Friday, Mar. 20, 2026, 03:50 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Mike Clark Jr., operations manager of C& C Cars in Pinellas Park, Fla. Clark is a third-generation dealer and helps run the family business ... Listen Here

Manheim Summarizes What 2012 Was Like for BHPH Dealers

Friday, Mar. 1, 2013, 12:00 AM
Nick Zulovich
ATLANTA — Manheim needed only one word to summarize what 2012 was like for buy-here, pay-here dealers. In what economist Tom Webb likely will expand upon during the 15th annual National Conference conducted by the National Alliance of Buy-Here, Pay-Here ... [Read More]

Fitch Describes Latest US Auto ABS Performance as ‘Speed Bump’

Friday, Mar. 1, 2013, 12:00 AM
Nick Zulovich
NEW YORK — Fitch Ratings discovered this week that both prime and subprime U.S. auto ABS losses have risen in recent months. However, analysts think the trend is likely a "speed bump" that's fleeting as the sectors enter a seasonally ... [Read More]

Reshuffle Brings New Marubeni Executive to Westlake Financial Services

Friday, Mar. 1, 2013, 12:00 AM
Nick Zulovich
LOS ANGELES — Marubeni Corp., which owns a 20 percent stake in Westlake Financial Services and has two seats on the company board, announced the promotion of an executive to general manager of Marubeni Automotive Department-I among other changes. Relocating ... [Read More]

ARA and NFA Merge Into One Trade Association, Roll Out New Forwarding Co-op

Friday, Mar. 1, 2013, 12:00 AM
Nick Zulovich
AUSTIN, Texas — In developments that likely will affect many repossession agencies, lenders' recovery departments and repo units coming down the lanes, the American Recovery Association and National Finance Adjusters merged into one trade association this week. Officials explained the ... [Read More]

TransUnion: Non-prime Originations, Delinquencies Rose During Second Half of 2012

Wednesday, Feb. 27, 2013, 12:00 AM
Nick Zulovich
CHICAGO — While noticing a surge in non-prime originations, TransUnion came out Tuesday saying that the national auto loan delinquency rate moved higher to close 2012 but continued to remain near historic low levels. TransUnion determined the ratio of borrowers ... [Read More]

700Credit Announces Integration Partnership with ADAM Systems

Wednesday, Feb. 27, 2013, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — 700Credit, one of the nation's largest credit reporting agencies offering a suite of value-added compliance services to more than 4,000 dealers, recently formed an integration partnership with ADAM Systems. Officials explained this agreement will allow ADAM Systems ... [Read More]

NextGear Capital Closes $1.55 Billion Financing Securitization

Wednesday, Feb. 27, 2013, 12:00 AM
Nick Zulovich
CARMEL, Ind. — NextGear Capital recently closed a $1.55 billion securitized bank facility. Led by the Bank of Tokyo-Mitsubishi, the company highlighted the two-year securitized facility provides flexibility and tremendous lending capacity through a large six bank syndicate. Executives noted ... [Read More]

Sonic Stretches F&I Revenue by Double-Digits; Lithia, Group 1 Looking for More

Tuesday, Feb. 26, 2013, 12:00 AM
Nick Zulovich
CHARLOTTE, N.C. — It was a busy year in the F&I office at Sonic Automotive dealerships, as the retailer increased revenue in the finance, insurance and other category by nearly 20 percent in 2012. Sonic closed the year by pushing ... [Read More]

CNW: February Subprime Approvals on Softening Trend

Monday, Feb. 25, 2013, 12:00 AM
Nick Zulovich
BANDON, Ore. — While approvals for subprime deals is one of the factors that appears to be taking some steam out of new-vehicle sales momentum this month, CNW Research also noticed that the percentage of used-vehicle contracts with buyers having ... [Read More]

Car-Mart Grows Q3 Sales by 16 Percent as Competition Heightens

Monday, Feb. 25, 2013, 12:00 AM
Nick Zulovich
BENTONVILLE, Ark. — As more lenders are buying deeper into subprime pools, buy-here, pay-here dealership chain America's Car-Mart managed to post a 16-percent increase in the number of units sold during the third quarter of its fiscal year. Car-Mart turned ... [Read More]

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