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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

Strengthening Returns Boost Credit Acceptance’s 2Q Income

Nick Zulovich
SOUTHFIELD, Mich. — Stabilizing returns greatly aided Credit Acceptance Corp. in making significant gains in both consolidated and adjusted net income during the second quarter. The company reported earlier this week that its consolidated net income for the quarter that ended June 30 ... [Read More]

USAA Launches iPhone App to Cater to Vehicle Shoppers

Nick Zulovich
SAN ANTONIO — Military personnel and their families who use USAA for assistance in making a vehicle purchases now can put an iPhone to work during the process. Officials from USAA recently rolled out an app for their assistance program, Auto ... [Read More]

Manheim Mid-Year Market Report: Lenders & Dealers Adapt to Changing Marketplace

Nick Zulovich
ATLANTA — In an interview with SubPrime Auto Finance News on Manheim's Mid-Year Used-Car Market Report, Tom Webb explained that repossessions are declining throughout the industry and that loans performed well given the big loss in unemployment. He also indicated that ... [Read More]

Bankruptcy Filings Up 9 Percent Over June

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute reported this week that bankruptcy filings are up 9 percent over last month and the previous year. More specifically, bankruptcy filings came in at 137,698 in July, compared with 126,434 in July of last year, ... [Read More]

Open Dealer Exchange, Westlake Financial Partner

Nick Zulovich
TROY, Mich. — Open Dealer Exchange and Westlake Financial Services reached an agreement Tuesday that's geared to help dealers with credit applications. The partnership is meant to integrate credit applications directly into the store's dealership management system. Executives from both companies believe ... [Read More]

CPS Joins AppOne Platform

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services revealed recently that another finance company has joined its AppOne platform. This time, executives from Consumer Portfolio Services made the decision to use AppOne, which can assist with the automation of indirect lending, credit approval ... [Read More]

Ally’s Healthy Income Performance Continues

Nick Zulovich
NEW YORK — Ally Financial had plenty of positive financial news to share Tuesday as executives announced the company posted its second consecutive quarter of profitability and its sixth profitable quarter in a row for its core automotive business. Ally reported ... [Read More]

Below-Prime Auto Financing Trends Revealed

Nick Zulovich
HANOVER, Md. — The 2010 Non-Prime Automotive Finance Survey results came out late last week and in a review of the data, SubPrime Auto Finance News discovered some interesting trends. Some of the findings include that asset-backed securities funding is growing, market ... [Read More]

Southeast Toyota Finance Rolls Out New Incentive

Nick Zulovich
DEERFIELD BEACH, Fla. — Southeast Toyota Finance has rolled out a new program this week designed to give recent or upcoming college graduates and Master's or Ph.D. degree candidates greater ability to make a vehicle purchase in the midst of a ... [Read More]

Auto Lenders Improve Dealer Satisfaction Levels from 2009

Nick Zulovich
WESTLAKE VILLAGE, Calif. — Given all the changes that have occurred in the auto lending space since the capital markets collapsed, there are apparently three key factors dealers prefer and look for in the lenders they work with and send much ... [Read More]

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