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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

AutoNation Pinpoints Catalysts for F&I Growth

Nick Zulovich
FORT LAUDERDALE, Fla. — In what was a solid all-around year for AutoNation, the F&I department at its dealerships were humming along at an impressive clip, as well. The retailer has continued to boast strong F&I operations thanks largely to ... [Read More]

Fitch: Potential Turbulence Ahead in Subprime Auto ABS Performance

Nick Zulovich
NEW YORK — Fitch Ratings' newest U.S. auto ABS index indicated subprime loans are showing more weakness of late while performance for U.S. prime auto ABS is still on solid footing. Analysts said auto loan ABS produced the strongest performance ... [Read More]

Pelican Auto Finance, Private Equity Firm Reach $50 Million Partnership

Nick Zulovich
CHERRY HILL, N.J. — Subprime lender Pelican Auto Finance recently received an initial equity investment from funds affiliated with private equity firm Flexpoint Ford. Officials said Flexpoint Ford also has been granted the option to invest up to $50 million ... [Read More]

Regional Acceptance Chooses Dealertrack Technologies to Provide Vehicle Title Administration

Nick Zulovich
LAKE SUCCESS, N.Y. — Building on an existing partnership, Dealertrack Technologies today announced that Regional Acceptance Corp. successfully moved its title administration processing to Dealertrack's Total Title Solution. In addition to Total Title Solution, Regional Acceptance, headquartered in Greenville, N.C., ... [Read More]

January’s Subprime Buying Pace Seen as Foundation for Good Used Sales Year

Nick Zulovich
BANDON, Ore. — CNW Research said the number of subprime buyers in January soared nearly 60 percent versus a year ago while at the same time transactions at buy-here pay-here dealerships jumped 8.2 percent year-over-year. What do the trends say ... [Read More]

CarMark Auto Finance Program Offers Opportunity for Dealers, Lenders

Nick Zulovich
CARY, N.C. — A new residual-based financing program from the creators of the CarMark Certified Pre-Owned program, called CarMark Auto Finance, is hitting its stride just in time for dealers to take advantage of the opportunity during the profitable first ... [Read More]

FTC Bans & Fines Sellers of Alleged Fraudulent Auto Loan Modifications

Nick Zulovich
WASHINGTON, D.C. — In a recent settlement with the Federal Trade Commission, two California-based companies and their principals, who allegedly took hundreds of thousands of dollars from consumers, are banned from marketing auto loan relief or any other type of ... [Read More]

NextGear Capital’s Geitner Outlines Benefits of New Company

Nick Zulovich
CARMEL, Ind. — In their merger to form NextGear Capital, Manheim Automotive Financial Services and Dealer Services Corp. each bring something unique to the table that can benefit dealers and auctions. That's the word from Brian Geitner, president of the ... [Read More]

CarMark Certified Program Expands Eligibility to 2005 Model-Years & Newer

Nick Zulovich
CARY, N.C. — CarMark Certified Pre-Owned, a leading third-party vehicle certification program, recently announced that it is expanding its offerings in order to provide more flexibility for its dealer base and additional options for consumers. The CarMark Certified program, which ... [Read More]

3 Republican Senators Out to Block CFPB Actions in Light of Appeals Court Decision

Nick Zulovich
WASHINGTON, D.C. — By the time an assistant director from the Consumer Financial Protection Bureau makes a return engagement as the keynote speaker during the National Automotive Finance Association's annual conference this summer, the agency's structure and regulatory power could ... [Read More]

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