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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

FTC Launches Narrow Investigation into Dealer Practices

Nick Zulovich
WASHINGTON, D.C. — SubPrime Auto Finance News learned this week that buy-here, pay-here dealers throughout the nation are randomly being tapped by the Federal Trade Commission to provide copies of their contracts for the last year. This move is a part ... [Read More]

ABI Reveals Bankruptcy Trends

Nick Zulovich
ALEXANDRIA, Va. — According to an upcoming ABI Journal article about consumers who filed for bankruptcy last year, researchers found that the majority of filers were Caucasian, married, employed, between the ages of 35 and 54, had at least a high ... [Read More]

Crescent Bank & Trust to Integrate with Open Dealer Exchange

Nick Zulovich
TROY, Mich. — Open Dealer Exchange announced this week that Crescent Bank & Trust will integrate directly into the dealer management system to enhance the loan approval process. Headquartered in New Orleans, CB&T is a leading indirect subprime lender that does ... [Read More]

SNAAC Names New President

Nick Zulovich
CINCINNATI — Security National Automotive Acceptance Corp. recently announced its chief operating officer has a new role with the company. The company elevated Brian McDonald to president. He now reports to Becky and Ted Catino, co-chief executive officers of SNAAC. In ... [Read More]

Fitch Says Auto ABS Performance Particularly Strong for This Time of Year

Nick Zulovich
NEW YORK — Thanks in large part to unprecedented seasonal strength in the used-vehicle market, Fitch Ratings reported that both prime and subprime auto loan asset-backed securities showed delinquency improvements in October. Another factor helping to push the drops in delinquencies ... [Read More]

Car-Mart Shows Solid 2Q Results, but CEO Predicts Even More Potential for Growth

Nick Zulovich
BENTONVILLE, Ark. — In addition to announcing a new credit facility, America's Car-Mart revealed this week that second quarter net income, revenue and retail sales climbed thanks in large part to its customer base growing above 49,000 in the second quarter. ... [Read More]

ABA Rolls Out Financial Reform Tracking Site

Nick Zulovich
WASHINGTON, D.C. — Since so much policy associated with financial reform has yet to be spelled out by federal regulators, the American Bankers Association recently launched a new online resource aimed at keeping members up to date. The association explained the ... [Read More]

Subprime Approvals Continue to Creep Higher

Nick Zulovich
BANDON, Ore. — Subprime new-loan approvals have now shown four months of increases, according to CNW Research. For October, 7.6 percent of subprime loan applications were approved, up from 6.9 percent in September and 5.7 percent in October 2009. "While still ... [Read More]

Ally Launches Wholesale Financing for Recreational Vehicles

Nick Zulovich
DETROIT — Ally Financial announced Tuesday that it is offering a national program for wholesale financing for RV dealer inventory, enhancing its preferred provider relationship with Thor Industries. Thor has about 1,200 dealers selling such brands as Airstream, Breckenridge, CrossRoads, Dutchmen, ... [Read More]

Top Auto Finance Execs to Lead Panel at AFSA Conference

Nick Zulovich
WASHINGTON, D.C. — Leading executives with four auto finance companies will come together during the American Financial Services Association's 15th Annual Vehicle Finance Conference and Exposition early next year for a panel discussion that will delve into how these leaders and ... [Read More]

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