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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

CFPB Turns Attention to Exploitation of Older Consumers

Nick Zulovich
WASHINGTON, D.C. — Thinking about how these individuals might be taken advantage of at places such as dealerships, the Consumer Financial Protection Bureau revealed its newest investigative topic this week: America's elderly. CFPB officials announced a public inquiry to learn ... [Read More]

Edmunds.com Highlights Top 10 Models Purchased by Subprime Buyers

Nick Zulovich
SANTA MONICA, Calif. — With the industry recovery fueled in part by loosening credit for subprime buyers, Edmunds.com want to find out which vehicles are being purchased most often by consumers with less than perfect credit. Three models from one ... [Read More]

J.D. Power: Despite Some Softening, 72-Month New-Model Financing Up Year-Over-Year

Nick Zulovich
WESTLAKE VILLAGE, Calif. — J.D. Power and Associates discovered the level of new-vehicle contracts lasting 72 months or longer softened a bit last month, but the penetration still landed higher than May of last year. According to J.D. Power's May ... [Read More]

Car-Mart Enhances Tennessee Dealership Footprint

Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart opened its 115th dealership and its fifth location in Tennessee earlier this week. The company's newest store is in Madison, Tenn. "We continue to grow our company and are very proud ... [Read More]

National Creditors Connection Rolls out New Website

Nick Zulovich
LAKE FOREST, Calif. — Field services provider National Creditors Connection recently revamped its website, which now contains what company officials say is a streamlined and modernized look with new content and features. NCCI highlighted the site's new look and feel ... [Read More]

Spireon Introduces GPS Vehicle Tracking Buyer’s Guide for BHPH Dealers

Nick Zulovich
KNOXVILLE, Tenn. — Spireon, the parent company of GPS tracking provider GoldStar GPS, rolled out what it's calling the industry's first GPS vehicle tracking buyer's guide for dealers who are new to the buy-here, pay-here market. Officials believe this guide ... [Read More]

TD Auto Finance CEO to Retire; Replacement Revealed

Nick Zulovich
TORONTO — Late last week, Auto Remarketing and SubPrime Auto Finance News confirmed retirement and succession plans for TD Auto Finance's chief executive officer. Company spokesperson Mohammed Nakhooda indicated that after a 39-year career in the industry, Tom Gilman has ... [Read More]

Five Federal Agencies Update Position on Supervisory Coordination

Nick Zulovich
WASHINGTON, D.C. — Five federal supervisory agencies recently released a Memorandum of Understanding aimed at clarifying how the agencies will coordinate their supervisory activities consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act. The five agencies joining forces ... [Read More]

ABA Economic Advisory Committee Cautious about US Growth Potential

Nick Zulovich
WASHINGTON, D.C. — With analysts maintaining that subprime auto lending is surging, the Economic Advisory Committee of the American Bankers Association recently issued a cautionary assessment about how the U.S. economy will continue to grow at a moderate pace. However, ... [Read More]

LEAP Financial Suspends Lease Originations

Nick Zulovich
SAN DIEGO — Low loan default rates and high prices on repossessions are factors in one vehicle leasing company's decision to suspend lease originations. LEAP Financial on Thursday announced it is suspending originations of leases due to capital constraints. Company ... [Read More]

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