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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

S&P/Experian: Auto Loan Defaults Stay Flat in December, Stopping 3-Month Rise

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — While the composite rate of the S&P/Experian Consumer Credit Default Indices ticked up for the third consecutive month, auto loan default rates stayed flat in December, halting a rising ... [Read More]

GM Financial Rolls Out Fourth Securitization During Past 12 Months Of At Least $1B

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE FORT WORTH, Texas — For the fourth time since June of last year, General Motors Financial announced the pricing of an offering of automobile receivables-backed securities totaling at least $1 billion. The ... [Read More]

Dealertrack Hosting Free Compliance Webinar

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack will host a free compliance webinar to serve as a wrap-up of 2012 developments and to discuss important changes in compliance regulations dealers likely will encounter this year. The session is scheduled for 2 p.m. ... [Read More]

Wells Fargo Auto Originations Slow as 2012 Closes

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE SAN FRANCISCO — Wells Fargo — the auto lending market leader according to the latest data generated by Experian Automotive — watched its originations soften as the year closed, but they still ... [Read More]

Enterprise Car Sales Drives $380M in 2012 Loan Volume to Credit Unions

Nick Zulovich
ST. LOUIS — Enterprise Car Sales, which specializes in working with credit unions of all sizes to increase auto loan volume, said it generated a total of more than $380 million in loan volume for credit unions through used-vehicle sales ... [Read More]

NADA Reminds Dealers about IRS Filing Regarding Single Consumer Payments of $10K or More

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE McLEAN, Va. — The National Automobile Dealers Association reminded members about a particular tax form that must be filed before the end of the month. NADA explained that dealers who receive more ... [Read More]

GE Capital and KTM North America Extend Consumer Financing Program

Nick Zulovich
STAMFORD, Conn. — GE Capital Retail Bank and KTM North America, a powersports unit manufacturer, recently announced a multi-year extension of their consumer financing program. GE Capital Retail Bank provides financial solutions to retailers and dealers to help grow their ... [Read More]

DBRS: More Credit Loosening Coming in 2013

Nick Zulovich
NEW YORK — Investment research firm DBRS expects that lenders will begin to loosen credit standards to achieve growth strategies as the auto finance market continues to improve, competition increases and credit availability resumes. As a result, the firm contends ... [Read More]

US Bank Data Shows 2012 Credit Approvals Jump by More Than 25 Percent From Previous Year

Nick Zulovich
CINCINNATI — Swapalease.com highlighted this week that customer credit approvals based on U.S. bank data jumped 27.3 percent in 2012 compared with approval rates from the previous year. Most notably, the site pointed out that the last two months of ... [Read More]

Ally Financial Declares More Dividends on Preferred Stock, Sending More Money to US Treasury

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE DETROIT — On Thursday, Ally Financial's board of directors declared quarterly dividend payments for certain outstanding preferred stock. These dividends are payable on Feb. 15. The company indicated a quarterly dividend payment ... [Read More]

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