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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

Experian: Gap Between Amount Financed for Used & New Vehicles Continues to Close

Nick Zulovich
SCHAUMBURG, Ill. — With used-vehicle prices continually pushing toward the amount buyers could pay for a new model, Experian Automotive discovered the amount financed is reflecting this trend. When discussing second-quarter data, Experian pinpointed how much this gap has closed ... [Read More]

Nicholas Financial Declares Cash Dividend

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently announced that its board of directors has declared a cash dividend of $0.10 per share on its common stock. The dividend is to be paid on Sept. 20 to shareholders of record as of ... [Read More]

NIADA President Looks to Preserve BHPH Future in the Face of Turbulent Auction Prices and Fed Regulation

Nick Zulovich
HOUSTON — The National Independent Dealers Association’s recently appointed president certainly has his plate full balancing both his buy-here, pay-here dealership Fincher Motor Co., as well as his new role as head of the association. But Don Fincher doesn’t seem ... [Read More]

Experian: Appetite for Risk Grows Double-Digits

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive discovered lenders continued to "increase their appetite for risk" as second-quarter new-vehicle loans for customers with credit outside of prime increased by 22.4 percent when compared to the previous year. In the second quarter, Experian ... [Read More]

Municipal Credit Union Announces Labor Day Auto Loan Sale

Nick Zulovich
NEW YORK — Municipal Credit Union, a New York credit union established in 1916, is running its Labor Day Auto Loan Sale through Monday. Officials said promotions include loan rates as low as 1.95 percent APR for new vehicles and ... [Read More]

Wells Fargo, Fifth Third Bank Pledge Additional $75M to SNAAC

Nick Zulovich
MASON, Ohio — Security National Automotive Acceptance Corp. announced Monday that on top of a previous $200 million commitment, the company has also secured an additional $75 million commitment from Wells Fargo Preferred Capital and Fifth Third Bank. SNAAC noted ... [Read More]

LEAP Financial Expands Headquarters

Nick Zulovich
SAN DIEGO — Fueled by more customers and staff, LEAP Financial, an auto leasing company that helps consumers facing repossession or bankruptcy either keep their vehicle or get a different one, recently expanded its footprint in San Diego. In a ... [Read More]

Northland Reveals New Consumer-Friendly Website, Expanding Social Media Presence

Nick Zulovich
BURNSVILLE, Minn. —Northland Auto Enterprises — creator of used-car leasing program Ren’T’Own — revealed this week the launch of their new website. The site, www.rtolto.com, aims to educate consumers on the potential benefits of used-car leasing and also provides dealers ... [Read More]

Federal Officials: Credit Quality of Large Loan Commitments Improves for Second Consecutive Year

Nick Zulovich
WASHINGTON, D.C. — The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks — which could include accounts such as subprime auto loans — have improved this year for the second consecutive ... [Read More]

Credit Acceptance Announces Finalization of $75M Revolving Secured Warehouse Facility

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced the completion of a $75 million revolving secured warehouse facility with an institutional investor. The company noted that under this facility it will contribute loans to a wholly-owned special purpose entity (SPE), ... [Read More]

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