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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

First Investors More than Quadruples Year-over-Year Originations

Nick Zulovich
HOUSTON — Sharing its first-quarter results, First Investors Financial Services announced a decrease in net income largely due to a decline in interest income that was the result of a drop in the average portfolio outstanding, in addition to lower revenues from ... [Read More]

Ally Bank Launches New Marketing Campaign

Nick Zulovich
MIDVALE, Utah — Ally Bank kicked off a new marketing campaign this week that highlights its customers' strong satisfaction with the institution's services. In fact, the new campaign points to the institution's "open dialogue, cutting-edge products and customer-friendly services," according to ... [Read More]

Credit Acceptance Announces Revolving Warehouse Facility Extension

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance executives revealed recently an extension has been granted on their $75 million revolving secured warehouse facility. The company indicated the date on which the facility will cease to revolve was moved from Aug. 31, 2011 to ... [Read More]

AmeriCredit Reveals Another Securitization

Nick Zulovich
FORTH WORTH, Texas — On Wednesday, AmeriCredit announced the pricing of an $850 million offering of auto asset-backed securities through lead managers Barclays Capital, UBS Investment Bank and Wells Fargo Securities. Co-managers include Credit Suisse, J.P. Morgan and RBS. AmeriCredit plans ... [Read More]

Next Week’s DealerTrack Webinar to Discuss Next Wave of Financial Reform

Nick Zulovich
LAKE SUCCESS, N.Y. — With the depth of more federal financial reform still unclear, DealerTrack is devoting part of its upcoming Webinar to discuss how new regulations might affect dealers. DealerTrack experts plan to examine the reform President Obama signed this summer ... [Read More]

Chevy Chase Bank Becomes Capital One Bank This Week

Nick Zulovich
McLEAN, Va. — Chevy Chase Bank, which is the ninth-largest largest bank in the country based on deposits, is rebranding to Capital One Bank this week. With the largest network of branches and ATMs in the Washington, D.C., area, Capital One said it ... [Read More]

Huntington Doubles Market Share in Several States

Nick Zulovich
COLUMBUS, Ohio — Huntington executives revealed Tuesday they've doubled their market share since this time last year in four of the six states that encompass their auto lending footprint, including Ohio, Indiana, Kentucky, Michigan and Pennsylvania. Furthermore, the company also announced ... [Read More]

Westlake Financial Unveils Prime Program

Nick Zulovich
LOS ANGELES — Based on extensive dealer customer feedback, Westlake Financial Services rolled out a prime lending program this week meant to augment its offerings that are mainly geared for buy-here, pay-here stores and subprime buyers. The newest offering, the Titanium Program, is ... [Read More]

Southern Calif. Auto Lender Gains Credit Facility from Wells Fargo

Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital recently provided a revolving credit facility to K STReet Finance, a indirect auto finance lender that serves dealerships in southern California. Officials said the total amount of the credit facility came in at ... [Read More]

AmeriCredit Puts Shareholders on Notice Regarding Upcoming GM Merger

Nick Zulovich
FORT WORTH, Texas — Due to the impending merger of AmeriCredit  and General Motors, the auto lender announced that it has designated Oct. 1 as the anticipated effective date of the Make-Whole Fundamental Change for notes due to the merger. Basically, ... [Read More]

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