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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

After Q1 Sales Rose, DriveTime Expands Into New Market, Opening Another Georgia Store

Nick Zulovich
PHOENIX — Coming off a quarter when the company sold 2 percent more vehicles, DriveTime Automotive Group recently opened its newest store, branching deeper into Georgia. DriveTime's newest location is located at 5935 Veterans Parkway in Columbus, Ga. The company ... [Read More]

Credit Acceptance Discusses 3 Main Factors Influencing Today’s Subprime Market

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 SOUTHFIELD, Mich. — After closing a quarter when the company posted strong gains in both consolidated and adjusted net income, Credit Acceptance Corp. leaders reflected on how they arrived at those ... [Read More]

Chrysler Capital Commences Official Business Today

Nick Zulovich
DALLAS — The new private-label, full-service lending program of Santander Consumer USA and Chrysler Group officially launched today. Chrysler Capital is designed to offer a broad spectrum of financing services for Chrysler customers and dealers. Under a 10-year, private-label agreement ... [Read More]

Fitch: US Auto ABS Generates ‘Stellar’ March Performance

Nick Zulovich
NEW YORK — As expected by Fitch Ratings, U.S. auto ABS posted "stellar" seasonal results in March. Fitch indicated both losses and delinquencies declined across prime and subprime auto ABS even as used-vehicle values softened, a trend analysts are expecting ... [Read More]

MBSi Capital Unveils Mobile Application to Manage Repo Assignments in the Field

Nick Zulovich
PHOENIX — MBSi Capital, the developer of the Re-Pros and iRepo repossession software suites, rolled out what it's calling the repossession industry's first full-featured mobile application. The company highlighted the solution can enable repossession companies to manage and update assignments ... [Read More]

CNW Spots Slowdown in Subprime Approvals This Month

Nick Zulovich
BANDON, Ore. — Approvals for subprime auto loans might have hit a speed bump this month. CNW Research indicated that subprime loan approvals have softened by 3.94 percent so far in April as compared to March. President Art Spinella elaborated ... [Read More]

Credit Acceptance Announces Completion of $140.3 Million Asset-Backed Financing

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. last week announced the completion of a $140.3 million asset-backed non-recourse secured financing. Pursuant to this transaction, the company said it contributed loans having a net book value of approximately $187.8 million to a ... [Read More]

New York Officials Ask Credit Bureaus to Modify Sandy Victims’ Scores

Nick Zulovich
ALBANY, N.Y. — New York Gov. Andrew Cuomo is asking credit scoring and reporting bureaus to take immediate action to stop the lowering of credit scores for Superstorm Sandy victims who may be enduring storm-related financial difficulties "beyond their control." ... [Read More]

Nationwide Acceptance Pushes Footprint to 23 States

Nick Zulovich
CHICAGO — Nationwide Acceptance expanded its subprime auto sales finance program to service dealers, broadening its footprint to 23 states. Last week, Nationwide Acceptance began operating in Alabama. "We are very excited to continue our expansion and to offer our ... [Read More]

Top 10 Used & New Models Eyed by Non-prime Buyers

Nick Zulovich
IRVINE, Calif. — CarFinance.com released data on the top 10 new- and used-vehicle choices for its below-prime car buyers during the past six months. Comprising the list of used vehicles were three pickups from domestic OEMs. The Top 10 included: ... [Read More]

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