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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

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]

NextGear Capital Debuts from DSC-MAFS Merger

Nick Zulovich
CARMEL, Ind. — With the merger of Manheim Automotive Financial Services and Dealer Services Corp., a new inventory finance entity has been announced this morning. NextGear Capital is the new name for the merged lenders, following Manheim's acquisition of DSC ... [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]

Marchionne’s Take on Chrysler Having a Captive Finance Arm

Nick Zulovich
AUBURN HILLS, Mich. — While Chrysler Group reportedly might be creating a new captive finance company later this year, chairman and chief executive officer Sergio Marchionne told investment analysts this week why he's happy the automaker currently does not have ... [Read More]

How Negative Student Loan Trends Could Affect Auto Lending Market

Nick Zulovich
CHICAGO and SAN JOSE, Calif. — As CNW Research noticed subprime auto loan approvals rising year-over-year by at least 40 percent yet again this month, TransUnion and FICO Labs spotted potential trouble on the horizon for lenders and dealers working ... [Read More]

Ford Motor Credit Outlines Factors for Full-Year Profit, Net Income Dips

Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit explained why its pre-tax profit of $1.7 billion in 2012 dropped from $2.4 billion a year earlier. The company said when releasing its fourth-quarter and full-year financial report on Tuesday that the decrease in ... [Read More]

GLS Unveils Marketing Partnership with Dr. J Enterprises

Nick Zulovich
ATLANTA — Global Lender Services entered into a marketing agreement this week with one of the best professional basketball players ever, Julius Erving. To promote the GLS brand as well as its subprime auto finance products and services, this partnership ... [Read More]

RDN: Recoveries Close 2012 on Downward Path

Nick Zulovich
REDWOOD CITY, Calif. — After climbing for two months in a row, the latest RDN Monthly Analytics Update indicated December recovery volumes decreased 1 percentage point from the November level, leaving 2012 closing on a trend of consecutive month-over-month dips. ... [Read More]

First Investors Completes $187M Asset-Backed Financing

Nick Zulovich
HOUSTON — First Investors Financial Services announced late last week that it has completed the issuance of $187 million in term asset-backed notes in a private placement transaction. The notes were issued by a wholly-owned subsidiary of the company through ... [Read More]

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