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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

Ally Launches Marketing Program to Support GM, Chrysler Dealers & Sales

Nick Zulovich
DETROIT — To help support dealers and get more attention for General Motors and Chrysler vehicles, Ally announced it is launching a marketing program in March to drive both showroom traffic and new vehicle sales. The program will launch in ... [Read More]

J.D. Byrider Opens Richmond Rooftop

Nick Zulovich
RICHMOND, Va. — Buy-here, pay-here dealership group J.D. Byrider recently revealed credit-challenged residents of Virginia’s capital now have another option for purchasing used cars. The company announced a new Richmond rooftop opened on the first of the month, located at ... [Read More]

Exeter Finance Completes $200 Million Securitization

Nick Zulovich
IRVING, Texas — Late last week, Exeter Finance Corp. announced the completion of its first rated term securitization, issuing $200 million in notes backed by subprime auto installment receivables. The company indicated the notes were purchased by qualified institutional buyers ... [Read More]

Auto Sector Highlights Credit Rebound Projection from Equifax and Moody’s Analytics

Nick Zulovich
ATLANTA — New U.S. consumer credit data from a joint product of Equifax and Moody's Analytics projects a rebounding consumer environment, along with recovering home and auto markets this year. As numbers reflect pre-recession totals, Equifax and Moody's predicted through ... [Read More]

KAR Highlights Another Strong Year by Insurance Auto Auctions & AFC

Nick Zulovich
CARMEL, Ind. — KAR Auction Services once again cheered the financial performance of two subsidiaries — Insurance Auto Auctions and Automotive Finance Corp. Chief executive officer Jim Hallett declared both operations had "outstanding" years as they both posted rises in ... [Read More]

DealerTrack Brings Local Teams Together with New Office Space in Dallas

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack revealed Thursday its local teams will be relocating to new Dallas office space. The company will be leasing approximately 59,152 square feet of new office space at Dallas’ Galleria 1 building, officials announced. And this new office will ... [Read More]

GM and Wells Fargo Unveil New Financing Plan for Western US Franchised Dealers

Nick Zulovich
DETROIT — Chevrolet, Buick, GMC and Cadillac dealers, as well as U.S. retail customers within contiguous states comprising General Motors' Western marketing region now have another financing option thanks to a deal revealed late Thursday. GM and Wells Fargo & Co. ... [Read More]

CarFinance Capital Secures $200 Million Credit Facility

Nick Zulovich
IRVINE, Calif. — Dealer non-prime financing provider CarFinance Capital revealed earlier this week it secured a $200 million warehouse credit facility. CarFinance noted the new credit line, which is provided by Deutsche Bank and Credit Suisse, further enhances its ability ... [Read More]

Wholesale Vets Hitchcock, Tapp and Hanks Acquire & Rebrand Forwarding, Remarketing Company

Nick Zulovich
CLINTON, Miss. — Wholesale market executives Cam Hitchcock, Chuck Tapp and Phil Hanks partnered with a New York-based private equity firm this week to acquire the assets of a forwarding and remarketing company. The trio is rebranding ASR Nationwide into ... [Read More]

Ace Motor Acceptance Ramps Up Offerings, Focuses on BHPH Segment

Nick Zulovich
MATTHEWS, N.C. — Subprime lending company Ace Motor Acceptance is working to “recognize the needs of the dealer,” as well as ramping up its offerings for the buy-here, pay-here market. The company, founded in 1998, made the transition into the ... [Read More]

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