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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

SFG Finance Rolls Out New Bulk Purchase and Flow Programs

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE ARLINGTON, Texas — SFG Finance, a purchaser of auto paper from buy-here, pay-here dealers, franchised dealers, finance companies, banks and credit unions, announced two major changes to its business model for 2013. ... [Read More]

Regional Management Expands into Georgia

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE GREENVILLE, S.C. — Regional Management Corp., a diversified specialty consumer finance company, revealed the expansion of its auto lending operations into Georgia today, raising its footprint to eight states. The newest location ... [Read More]

Bank of the West Exec Discusses How Auto Lending Has Evolved, What Could Be Ahead

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE SAN FRANCISCO — Paul Wible, executive vice president of the national finance group at Bank of the West, recently shared his perspective on how the vehicle lending experience changed for buyers during ... [Read More]

Fitch: Auto ABS Performance Expectations Upbeat for 2013

Nick Zulovich
NEW YORK — Now that the U.S. doesn't appear to be going over the fiscal cliff because of measures taken by federal lawmakers this week, the projections made by Fitch Ratings about this year's auto ABS asset and ratings performance ... [Read More]

CNW: Subprime Loan Approvals Aid Strongest Used-Vehicle Sales Forecast Since 2007

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 BANDON, Ore. — Subprime auto loan approvals jumped by at least 40 percent during each of the last four months of 2012, according to data produced by CNW Research. December's year-over-year ... [Read More]

Credit Acceptance, Nicholas Financial Adjust Credit Deals to Close Year

Nick Zulovich
SOUTHFIELD, Mich. and CLEARWATER, Fla. — Credit Acceptance Corp. and Nicholas Financial each modified credit arrangements to wrap up 2012 financial activities. At Credit Acceptance, the company extended the date on which its $325.0 million revolving secured warehouse facility will ... [Read More]

As New California BHPH Laws Take Effect, NIADA Reflects on What Might Have Been

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 SACRAMENTO, Calif. — Buy-here, pay-here dealers in California began 2013 with more state regulations. But reflecting back on what the potential rules might have been, the National Independent Automobile Dealers Association ... [Read More]

SubPrime Auto Finance News Announces Major Redesign

Nick Zulovich
CARY, N.C. — Print subscribers should notice SubPrime Auto Finance News having a significantly different look when the first print edition of 2013 arrives. Marking the first large redesign of the print edition since being launched seven years ago, management ... [Read More]

CPS Reveals $160 Million Senior Subordinate Asset-Backed Securitization

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services this week announced the closing of its fourth term securitization of the year. Officials said the transaction is CPS' seventh senior subordinate securitization since 2011. In the transaction, qualified institutional buyers purchased $160 million ... [Read More]

NCM Adds Four Associates to Expand Franchised and BHPH Dealer Services

Nick Zulovich
OVERLAND PARK, Kan. — NCM Associates hired four new associates to serve its retail automotive clientele, including the franchised and buy-here, pay-here dealer segments. Joining the company as executive conference moderators for the 20 Groups division under Kevin Cunningham are ... [Read More]

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