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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

Fitch Sees 3 Causes for US Auto Lender Asset Quality Weakening as 2013 Continues

Nick Zulovich
CHICAGO — Fitch Ratings projected that U.S. auto lenders will likely report further weakening in asset quality metrics this year, attributing three reasons for its forecast. Analysts arrived at their assessment by mentioning three factors: —Lower used-vehicle values —Loosening of ... [Read More]

April Bankruptcy Filings Drop 8 Percent

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute reported that total bankruptcy filings in the United States decreased 8 percent in April compared to the same month last year. According to data provided by Epiq Systems, bankruptcy filings totaled 100,702 in ... [Read More]

GM Financial Prices Private Offering of $2.5B of Senior Notes

Nick Zulovich
FORT WORTH, Texas — Coming on the heels of an announcement earlier this week about an offer of $2 billion aggregate principal amount of senior notes in various tranches, General Motors Financial priced its private offering of $1.0 billion of ... [Read More]

GM Financial Outlines Prime Financing Program

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 FORT WORTH, Texas — General Motors Financial reinforced its allegiance to its parent automaker with moves revealed during its latest quarterly conference call. While acknowledging that competition is ramping up within ... [Read More]

As Regulators Eye BHPH Industry, NABD Strengthens Compliance Discussion for Academy & Conference

Nick Zulovich
LAS VEGAS — The buy-here, pay-here dealership industry continues to be a market segment eyed by U.S. Department of Justice investigators. Just last week, various online reports mentioned a high-ranking Justice Department official discussing BHPH dealers during regulatory panel discussion ... [Read More]

Reynolds Expands Strategic Alliance With California Dealers

Nick Zulovich
DAYTON, Ohio — Similar to a relationship reinforced in Pennsylvania, Reynolds and Reynolds expanded its strategic alliance with the California New Car Dealers Association today. Officials added the Reynolds LAW 553 Universal Retail Sale Contract to the LAW California F&I ... [Read More]

Dealertrack Technologies Achieves New Milestone of Lender Connections

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies recently hit a new milestone with the number of active lenders connected to its Dealertrack Credit Application Network. Officials indicated the level now exceeds 1,300 lenders. The Dealertrack Credit Application Network, which has grown ... [Read More]

Ally Financial Pledges to Keep Working with Chrysler Dealers

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — When company leadership highlighted its first-quarter performance earlier this week, Ally Financial discussed its objectives for continuing to work with Chrysler franchised dealers even though its exclusive agreement with ... [Read More]

Report: CFPB Subpoenas Lenders over F&I Products as Justice Department Ramps Up Auto Financing Investigations

Nick Zulovich
WASHINGTON, D.C. — Extended warranties and other products appear to be the next regulatory target in the F&I office, according to a report by the Wall Street Journal. The report indicated officials familiar with a Consumer Financial Protection Bureau investigation ... [Read More]

Torrey Pines Golf Outing Planned for 2013 Used Car Week; New Offerings On Tap

Nick Zulovich
CARY, N.C. — Planning on attending the Used Car Week 2013 conferences? Along with a new event focused the subprime finance industry, attendees are in for a treat, as the Used Car Week Golf Outing will be held this year ... [Read More]

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