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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

J.D. Power: Long-Term Loans Hit Record Penetration

Nick Zulovich
WESTLAKE VILLAGE, Calif. — The market penetration of long-term financing deals reached a record level last month, according to J.D. Power and Associates, which found that 30.1 percent of retail sales in March included 72-month (or longer) loan terms. J.D. ... [Read More]

America’s Car-Mart Opens 113th Dealership

Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America’s Car-Mart recently announced it has opened the doors to its 113th rooftop. Marking the second dealership for the chain in this Southern state, the new store is located in Tupelo, Miss. Commenting ... [Read More]

GSFSGroup Appoints Chief Financial Officer

Nick Zulovich
HOUSTON — Provider and administrator of F&I products and reinsurance structures for the automotive industry GSFSGroup revealed this week that it has appointed a chief financial officer. Tapped for the position is Dianna Dryer. Dryers responsibilities will include “leading the ... [Read More]

CARS Plans Free Webinar to Explain New Open-Source IBEAM Portal

Nick Zulovich
RALEIGH, N.C. — Because of so much interest in a new open-source, freeware version of its IBEAM Web portal coming to the agent and lender community, Consolidated Asset Recovery Systems is planning a free Webinar to explain the product. CARS ... [Read More]

GM Financial Confirms VP’s Retirement and Transition Plan

Nick Zulovich
FORT WORTH, Texas — As reported sources discussed the company's latest selling of asset-backed securities, General Motors Financial confirmed retirement plans for one of its top executives. GM Financial announced earlier this week that Brian Mock, the company's executive vice ... [Read More]

Cars.com Turns to RoadLoans.com as Preferred Lender

Nick Zulovich
DALLAS — This week, Cars.com selected RoadLoans.com as its exclusive lender for its online customers looking to get pre-approved auto financing as part of their shopping experience. Potential buyers who visit Cars.com, newcars.com or pickuptrucks.com will have the option to ... [Read More]

Ace Motor Acceptance Broadens GAP Program Relationship with CARco

Nick Zulovich
MATTHEWS, N.C. — Ace Motor Acceptance Corp. recently expanded its relationship with Comprehensive Auto Resources Co. to strengthen its BHPH In A Box program. Officials highlighted that CARco joins AUL (service contracts), AutoMaster (dealer management system software) and PassTime (GPS tracking) ... [Read More]

Fed Gives Update on Average New-Vehicle APR from Commercial Banks

Nick Zulovich
WASHINGTON, D.C. — While the Federal Reserve still hasn't resumed its regular reporting on averages for new-vehicle loans by finance companies, officials late last week did post the latest average by commercial banks. The Fed indicated the average interest rate ... [Read More]

First Quarter Bankruptcy Filings Slide

Nick Zulovich
ALEXANDRIA, Va.— As the first quarter of 2012 comes to an end, the bankruptcy filing rate for the period reflect a recovering economy and cautious consumers. The American Bankruptcy Institute reported a 12-percent dip in bankruptcy filings since the same ... [Read More]

Bunch Takes on New Role with Black Book

Nick Zulovich
GAINESVILLE, Ga. — Just a couple of months after Black Book brought in Jeff Bunch to be its director of automotive licensing, the firm promoted the industry veteran to a new position. Black Book announced Bunch has been elevated to ... [Read More]

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