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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

CPS Posts Another Quarterly Loss, But CEO Expects Portfolio to Grow Again Soon

Nick Zulovich
IRVINE, Calif. — Continuing to struggle with a decline in the portfolio it manages, Consumer Portfolio Services announced another quarterly loss this week. The second-quarter financials included a 19.1-percent drop in revenue. CPS' revenue slid down by approximately $7.4 million from $38.5 ... [Read More]

Exeter Finance Has New Owner, Secures Much Larger Credit Line

Nick Zulovich
IRVING, Texas — To help the company ramp up to a national platform, Exeter Finance Corp. revealed it is being acquired by Blackstone, a leading investment and advisory firm with about $159 billion in assets. This acquisition has helped Exeter nail ... [Read More]

myAutoloan.com Sees Uptick in Auto Loan Approvals

Nick Zulovich
IRVING, Texas — With growth coming especially in upper-credit brackets and even a minor increase in non-prime approvals, executives from myAutoloan.com revealed this week they have seen moderate strengthening during the first half of 2011. The site also is forecasting ... [Read More]

Car-Mart Opens Ninth Store in Alabama

Nick Zulovich
BENTONVILLE, Ark. — Continuing its expansion, America's Car-Mart broadened its buy-here, pay-here dealership footprint in Alabama. The newest rooftop is located in Albertville, Ala., raising Car-Mart's total in the state to nine. Car-Mart now has 108 dealerships spread through Alabama, ... [Read More]

BMW Financial Looks to Build Market Awareness with New Service Contract Campaign, More

Nick Zulovich
WOODCLIFF LAKE, N.J. — BMW Group Financial Services announced this week the launch of a  three-part series of viral videos to promote its extended vehicle protection program. Also this week, the company released a new mobile app for customers and gamers alike. Returning ... [Read More]

U.S. Bankruptcies Fall Over First Half 2010, but Rise from 1Q

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute discovered that the total number of U.S. bankruptcies filed during the first half of this year fell 8 percent when compared to the same period in 2010. This was due largely in part to the deleveraging ... [Read More]

DealerTrack Raises Guidance After Strong 2Q Revenue & Income Performance

Nick Zulovich
LAKE SUCCESS, N.Y. — Also prompting a raise in annual estimates, DealerTrack Holdings saw significant gains both in the second quarter and through the first six months of 2011 in net income, revenue and more. Beginning with a look at ... [Read More]

TD Auto Finance Joins AFSA

Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association recently announced that TD Auto Finance is its newest member. The company was formed when TD Bank Group purchased Chrysler Financial in April, combining its existing auto lending business with Chrysler Financial ... [Read More]

Fed Watches Non-Revolving Credit Jump Again

Nick Zulovich
WASHINGTON, D.C. — While the Federal Reserve didn't have any update on averages for new-vehicle loans by finance companies, officials noticed non-revolving credit increasing at a rate not seen since February. Looking at June data, the Fed discovered this credit ... [Read More]

CPS Buys Portfolio of Fireside Auto Receivables

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced Monday that it has entered into an agreement with Fireside Bank to purchase a $237 million portfolio of performing automobile receivables. Fireside Bank is a wholly owned subsidiary of Unitrin Inc.  A subsidiary of ... [Read More]

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