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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

Experian: Wells Fargo Now Holds No. 1 Spot for Overall Market Share

Nick Zulovich
SCHAUMBURG, Ill. — Fueled by its stranglehold on the top spot among used-vehicle lenders, Wells Fargo rose to be No. 1 in market share among all auto finance companies for the first time this year, according to Experian Automotive's Q3 ... [Read More]

CFPB and Justice Department Pledge to Avoid Duplication of Enforcement Efforts

Nick Zulovich
WASHINGTON, D.C. — With auto lenders, service providers and dealers being potential targets, the Department of Justice and the Consumer Financial Protection Bureau signed an agreement Thursday to strengthen coordination on fair lending enforcement and avoid duplication of their respective ... [Read More]

ARA Looking for Speakers to Fill North American Repossessors Summit Agenda

Nick Zulovich
DALLAS — The American Recovery Association is making an open call for speakers to be included in the fifth annual North American Repossessors Summit, which is set for April 26—27. ARA and the NARS 2013 planning committee are looking for ... [Read More]

Experian: Subprime Buyers Constitute Even Larger Majority of Used Financing Market

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive's Q3 State of the Automotive Finance Market Analysis showed an even higher majority of used-vehicle buyers fall into subprime credit tiers. The report released Tuesday indicated the total subprime financing market for used vehicles in ... [Read More]

FTC Issues Amended Rule on Identity Theft Red Flags

Nick Zulovich
WASHINGTON, D.C. — The Federal Trade Commission recently announced publication of an interim final rule on identity theft "red flags" that narrows the circumstances under which creditors are covered by the rule. Officials explained Congress directed the FTC along with ... [Read More]

Report: CFPB Organizer Heading for Senate Banking Committee

Nick Zulovich
WASHINGTON, D.C. — One of the primary architects of the Consumer Financial Protection Bureau reportedly is heading for a leading role within the Senate Banking Committee. According to Bloomberg, U.S. Senator-elect Elizabeth Warren will be part of the chamber's banking ... [Read More]

Former NCM Associates Trainer Joins Leedom Group

Nick Zulovich
SARASOTA, Fla. — Leedom and Associates recently tapped a veteran industry educator and former dealer to be a 20 group moderator, trainer and consultant. Selected for the role was Jay Prassel, according to Leedom Group chief executive officer Chris Leedom. ... [Read More]

TransUnion: Latest Auto Loan Delinquency Rate Change Follows Seasonal Pattern

Nick Zulovich
CHICAGO — The seasonal movement TransUnion spotted several times when looking at national auto loan delinquency rates for the second and third quarters of a calendar year unfolded similarly again in 2012. Analysts determined the ratio of borrowers 60 or ... [Read More]

Turner Acceptance Expands Direct Finance Branch Network

Nick Zulovich
SKOKIE, Ill. — Turner Acceptance Corp. recently opened its fifth personal loan branch in Illinois. The new branch is located in Burbank. Andres Huertas, Turner's director of direct and merchant financing, highlighted the newest location will complement the company's other ... [Read More]

KAR to Award First Stock Dividend in Company History

Nick Zulovich
CARMEL, Ind. — Along with an announcement late last week of another common stock offering, KAR Auction Services' board of directors approved the initiation of a quarterly cash dividend on the company's common stock. The first dividend paid to stockholders ... [Read More]

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