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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

Capital One Auto Finance Taps New President, Reports Q3 Performance

Nick Zulovich
McLEAN, Va. — While documents filed with the Securities and Exchange Commission this week confirmed Capital One Auto Finance will have a new president as of Nov. 1, the company watched its auto loan originations soften during the third quarter. ... [Read More]

Equifax Rolls Out Tool for Improved Targeting of Pre-approved Loan Offers

Nick Zulovich
ATLANTA — Equifax contends that automotive lenders can now receive unprecedented levels of marketing intelligence to more effectively prescreen and target prospective consumers for pre-approved offers with its newest tool rolled out this week — True In-Market Propensity (TIP) Scores. ... [Read More]

Edmunds: Subprime Borrowing Pushes Rebound of Dealer-Financed Sales

Nick Zulovich
SANTA MONICA, Calif. — Edmunds.com said this week that dealer financing is back to pre-recession levels after bottoming out in 2009. Analysts contend a key driver of this resurgence is the revival of the subprime market, which accounted for a ... [Read More]

S&P/Experian: Auto Loans Tick Higher Again as Most Consumer Credit Default Rates Hit New Lows

Nick Zulovich
NEW YORK — The upward bounce from the reading's historic low continued in September as the S&P/Experian Consumer Credit Default Indices showed auto loan defaults climbed for the second month in a row. Analsyts from S&P Dow Jones Indices and ... [Read More]

FinCo Management Expands Deep Subprime Loans and Leases into 31 States

Nick Zulovich
MARBLEHEAD, Mass. — FinCo Management, a provider of deep subprime dealer financing, is expanding its Financing Alternatives and Servicing Today program into 31 states, covering nearly 75 percent of the U.S. population. The company said the program should be operating ... [Read More]

Dealers United Chooses DealerTrack as Preferred DMS Provider

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced today the company has been selected as the recommended DMS provider for Dealers United, a national purchasing network for privately owned dealers. As part of the agreement, officials said Dealers United will market DealerTrack ... [Read More]

CU Xpress Lease’s September Volume Establishes Year-High

Nick Zulovich
HAUPPAUGE, N.Y. — CU Xpress Lease said its September activity reached a one-year high showing growth of 64.88 percent in lease volume year-over-year and 36 percent year to date. Officials said the vehicle leasing program available to current credit union ... [Read More]

Q3 Auto Originations Climb at Both Chase, Wells Fargo

Nick Zulovich
NEW YORK and SAN FRANCISCO — Both Chase and Wells Fargo enjoyed positive developments in connection with their third-quarter auto loan origination volume performances. Starting with Chase, the company indicated its Q3 originations totaled $6.3 billion, a figure 7 percent ... [Read More]

CLCalc.com Offers Loan Widget for Dealer Websites

Nick Zulovich
SEATTLE — Positioned as a tool dealers can embed into their websites, officials from CLCalc.com recently launched a versatile tool with five different calculators aimed at making vehicle loan amounts more understandable. The site contends its tool can help dealers ... [Read More]

Ally Financial Declares Dividends on Preferred Stock

Nick Zulovich
DETROIT — Ally Financial's board of directors recently declared quarterly dividend payments for certain outstanding preferred stock, continuing a stream heading to the U.S. Department of the Treasury.  Officials indicated these dividends are payable on Nov. 15. The company explained ... [Read More]

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