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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

RDN: August Recovery Volume Up From July, Still Off Year-Over-Year

Nick Zulovich
REDWOOD CITY, Calif. — The most recent RDN Monthly Analytics Update showed August recovery volumes increased 3 percentage points from July levels. However, the reading also ended up 17 points below year-ago levels. RDN indicated August recovery orders rose 4 ... [Read More]

Fed Finds Auto Lending to be ‘Bright Spot’

Nick Zulovich
WASHINGTON, D.C. — Auto lending has proven to be solid throughout much of the country over the past six weeks, according to the latest Beige Book report from the Federal Reserve, which indicated a modest increase for overall lending (auto ... [Read More]

Loan Portfolio Servicing Ready to Ramp up Subprime Loan Management

Nick Zulovich
FORT WORTH, Texas — This week, Loan Portfolio Servicing — sister company of the newly rebranded Caprock Auto Remarketing — started its full-scale launch as a national third-party servicer of subprime automotive loans. LPS president Scott France highlighted the company ... [Read More]

6 California Credit Unions Join cuautocoupon Network

Nick Zulovich
HAUPPAUGE, N.Y. — Management from cuautocoupon — a program geared to help drive more business to credit unions and dealerships — recently announced the signing of six credit unions to its growing California network. The largest of the new additions ... [Read More]

Regions Bank Partners with TrueCar to Launch Auto Shopping & Buying Website

Nick Zulovich
BIRMINGHAM, Ala. — Regions Bank has partnered with TrueCar Inc. in an effort to make vehicle shopping easier for its users. Regions Bank customers and non-customers can now research, shop for, finance and insure a new or used vehicle through ... [Read More]

Moody’s: Internal Credit Scores Are Critical to Subprime Lenders’ Loss Projections

Nick Zulovich
NEW YORK — Moody's Investors Service explained that subprime auto lenders, in particular, use historical granular customer and loan characteristics to build and refresh custom scores that can supplement the information contained in FICO scores. Since auto lenders often develop ... [Read More]

Consumers Wary of Unstable Job Market Send ‘Mixed Signals’ to Auto Industry

Nick Zulovich
CINCINNATI — With unemployment rates high, the job market remains unstable, and it seems to be affecting the auto industry, as well. Although consumers are not so much concerned with increased car payments, their worry lies in the length of ... [Read More]

Automotive Compliance Consultants Offers No-Markup Credit Reports

Nick Zulovich
CRYSTAL LAKE, Ill. — Automotive Compliance Consultants insisted dealers subscribing to its services can save as much as $650 a month in credit bureau report markup fees. From the firm's Compliance Solved Web dashboard, subscribing dealers can download reports from ... [Read More]

ABA Warns Dealers About How to Combat Fraud, Cyber Security Breaches

Nick Zulovich
WASHINGTON, D.C. — American Bankers Association cautioned that cybercriminals are increasingly targeting small businesses such as dealerships, to transfer funds from accounts and steal private information, a fraud referred to as "corporate account takeover." The association contends that criminals can ... [Read More]

First Investors Announces Special Meeting of Shareholders to Consider Merger

Nick Zulovich
HOUSTON — First Investors Financial Services Group revealed when it's going to conduct the special meeting of shareholders to consider and vote upon a proposal to approve and adopt the previously announced definitive merger agreement with FIFS Holdings Corp. The ... [Read More]

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