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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

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

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]

Chase Auto Finance Taps New CEO

Nick Zulovich
NEW YORK — Chase Auto Finance appointed a new chief executive officer today, succeeding Marc Sheinbaum who has asked to pursue other opportunities. Moving into the role is Thasunda Brown Duckett who previously was part of Chase's consumer and community ... [Read More]

CNW: February Subprime Approvals on Softening Trend

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

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]

DealerCenter, IADAC Complete Co-Marketing Agreement

Nick Zulovich
LOS ANGELES — In a state where more regulation went into place this year specifically targeted at buy-here, pay-here stores, Nowcom Corp.'s DealerCenter and the Independent Automobile Dealers Association of California announced today that they have entered into a memorandum ... [Read More]

NABD Unveils Agendas for Annual Dealer Academy & Conference

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers revealed its preliminary agenda for its Dealer Academy and 15th annual National Conference, including who will give the keynote address. Along with training and timely discussion about credit, compliance, best practices ... [Read More]

Experian Automotive Spots First Quarterly Rise in Delinquencies Since Late 2009

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive reminded lenders and dealers that despite a marginal rise in delinquencies for the first time since 2009, the auto lending market "is extremely healthy." Experian found that 60-day delinquencies rose from 0.72 percent in the ... [Read More]

Report: CFPB Set to Sue Four Banks Over Auto Lending

Nick Zulovich
WASHINGTON, D.C. — In what the compliance counsel from Dealertrack Technologies cautioned might be coming, an online report earlier this week said the Consumer Financial Protection Bureau has told at least four banks that it may sue them over vehicle ... [Read More]

Lithia Upbeat About Subprime Buyer Market Penetration

Nick Zulovich
MEDFORD, Ore. — Of the finance deals Lithia Motors facilitated during the fourth quarter, 13 percent of those contracts went to subprime buyers: a level company officials said was consistent with a year earlier. But Lithia is looking for more ... [Read More]

AUL Corp. Partners with AAA Mid-Atlantic to Enhance Vehicle Protection Program

Nick Zulovich
NAPA, Calif. — Service contract provider AUL Corp. recently partnered with AAA Mid-Atlantic as the administrator of its new-vehicle service contract program also known as AAA Vehicle Protection Plan or VPP. Officials explained this relationship was designed to enhance AAA ... [Read More]

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