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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

VINtek Aids Lenders to Comply with Georgia’s New ELT Rules

Nick Zulovich
PHILADELPHIA — VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing, recently announced it is assisting automotive lenders in Georgia with compliance with finalized ELT legislation. In October, the Georgia Department of ... [Read More]

CFPB Warns Credit Report Providers About Accessibility

Nick Zulovich
WASHINGTON, D.C. — The Consumer Financial Protection Bureau took aim at the three major credit reporting agencies again this week. This time, CFPB officials released a bulletin to nationwide specialty consumer reporting agencies — primarily Experian, Equifax and TransUnion — ... [Read More]

As Auto Originations Climb, Equifax Introduces New Tool to Understand Customers’ Credit Capacity

Nick Zulovich
ATLANTA — As the company's data showed auto loan originations now are at the highest level in five years, Equifax rolled out a new solution this week geared to help finance companies and dealers gain a better understanding of their ... [Read More]

Peak Acceptance Announces Partnership with LendingTree Auto Services and CreditSmarts.com

Nick Zulovich
DALLAS — Peak Acceptance — which purchases retail installment contracts from dealers, maintains store relationships and manages the interface with third party servicing providers — entered into a joint agreement this week with LendingTree Auto Services and CreditSmarts.com to provide ... [Read More]

AFSA, NVLA Voice Concern About Georgia’s Tax Changes Regarding Leased Vehicles

Nick Zulovich
WASHINGTON, D.C. —  This week, the American Financial Services Association and the National Vehicle Leasing Association joined forces to urge Georgia lawmakers to reconsider legal changes in regard to financing companies paying taxes when vehicles are leased. Officials used the ... [Read More]

Santander Switching Title Administration Processing to Dealertrack Technologies

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies announced today that Santander Consumer USA will be moving its title administration processing to Dealertrack's Total Title Solution next year. Officials said Santander made the decision to move its vehicle title management to Dealertrack ... [Read More]

S&P/Experian: Auto Default Rate Rise Now at 3 Straight Months

Nick Zulovich
NEW YORK — For the third month in a row, auto loan defaults inched higher according to the latest data incorporated into the S&P/Experian Consumer Credit Default Indices. The October information compiled by S&P Dow Jones Indices and Experian showed ... [Read More]

Westlake Obtains New Credit Facility from Japanese Finance Firm

Nick Zulovich
LOS ANGELES — This week, Westlake Financial Services established a new $30 million credit facility with MG Leasing Corp., a Japanese leasing company. Officials said the credit facility collateralizes Westlake's auto finance receivables. Westlake chief operating officer Paul Kerwin noted ... [Read More]

Vincentric Releases Automotive Lending Decision Support Tool

Nick Zulovich
BINGHAM FARMS, Mich. — Vincentric, a provider of automotive cost of ownership data in the U.S. and Canada, recently added an automotive lending decision support tool to its current product line. The company explained its system — Vincentric Dynamic Cost ... [Read More]

Fitch: Still-Strong Wholesale Values Push US Auto ABS Losses Lower

Nick Zulovich
NEW YORK — Still-strong wholesale vehicle values resulted in yet another decline for U.S. auto ABS losses, according to the latest index results from Fitch Ratings. Analysts said October auto ABS losses also remained stable as the new model season ... [Read More]

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