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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

AmeriCredit Announces First Securitization Pricing After Revealing GM Deal

Nick Zulovich
FORT WORTH, Texas — AmeriCredit announced late last week that it has priced its first securitization deal after after saying it will soon become a subsidiary of General Motors. AmeriCredit priced a $200 million offering of subprime automobile receivables-backed securities. The ... [Read More]

S&P/Experian Index Shows Auto Loan Defaults Rising

Nick Zulovich
NEW YORK — While monthly default rates declined for first mortgage and bank card loans, the same could not be said for second mortgages and auto loans. Standard & Poor's and Experian discovered that auto loan default rates increased to 1.9 ... [Read More]

Dealers Can Now Use Smartphones to Tap into RouteOne’s Platform

Nick Zulovich
FARMINGTON HILLS, Mich. — Dealers can now utilize the RouteOne platform through their iPhone, iPad, iPod Touch and Android mobile devices, which can allow dealers to be more flexible and efficient during the sales process. The company revealed today that https://www.routeone.net/ is ... [Read More]

Capital One Auto Loan Originations Soar 31% Over 1Q

Nick Zulovich
McLEAN, Va. — For the second quarter, Capital One recently announced that auto loan originations climbed 31.4 percent over the previous quarter to hit $1.8 billion. In the first quarter, Capital One posted about $1.3 billion in auto originations. In the ... [Read More]

Credit Union Offers Special Loan Zone Sale This Weekend

Nick Zulovich
LATHRUP VILLAGE, Calif. — With the aim of offering auto shoppers across the credit spectrum the financing that best suits them, Michigan First Credit Union will be holding its annual Loan Zone car sale on Friday and Saturday. Included in the ... [Read More]

Nicholas Financial Reports Record 1Q Revenue, Earnings

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently announced that for its first quarter, net earnings climbed 65 percent to $3.426 million, compared with $2.081 million for the same period last year. The first-quarter figure excludes the change in fair value of interest rate ... [Read More]

DealerTrack Touts 2Q Revenue Rise

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack Holdings cheered its second-quarter financial performance although a healthy quarterly revenue gain translated into a slight GAAP net loss. As executives discussed their most recent financial report, they shared their revenue figure for the second quarter ... [Read More]

Fed: Average Auto Loan APR Heads Toward Lowest Annual Point

Nick Zulovich
WASHINGTON, D.C. — Nearing the lowest point so far in 2010, the Federal Reserve indicated the average interest rate on new-car loans at auto finance companies slipped again in June. Federal officials pinpointed the average at 4.02 percent. Back in January, ... [Read More]

AmeriCredit Originates Close to $1 Billion in 4Q

Nick Zulovich
FORT WORTH, Texas — Not long after announcing that General Motors is acquiring AmeriCredit in an all-cash transaction valued at about $3.5 billion, the subprime auto lender announced its fiscal fourth-quarter and full-year financial results. The company more than doubled its ... [Read More]

Carbiz Announces New Board and Management

Nick Zulovich
SCOTTSDALE, Ariz. — Carbiz announced that as of July 29, the company has new management and a new board of directors to assume operational control. According to the company, the new management was put into place because of the prior management ... [Read More]

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