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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

NAF Association Asks Hudson Cook Partners to Decipher Wall Street Reform’s Impact on Lenders, Dealers

Nick Zulovich
HANOVER, Md. — Even as President Obama put his signature on the Wall Street Reform and Consumer Protection Act of 2010 Wednesday, the National Automotive Finance Association as well as two partners from well-known industry law firm Hudson Cook still remain ... [Read More]

KBB: More Consumers Turn to Used Units, Plan to Pay with Cash

Nick Zulovich
IRVINE, Calif. — New research from the Kelley Blue Book Market Intelligence Group revealed today that more vehicle buyers are apparently turning to used units, as well as tending to pay in cash rather than financing their purchases. The study findings showed some startling ... [Read More]

DealerTrack to Host Webinar on Risk-Based Pricing Rule

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack is taking measures so dealers who provide indirect auto financing can fully comply with the Federal Trade Commission's Risk-Based Pricing Rule. The federal mandate set to become effective at the start of next year will be ... [Read More]

Credit Acceptances Announces Early Results of Tender Offer

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. announced the preliminary results of its tender offer, which expired at 5 p.m. ET on Monday. The goal was the purchase up to 4 million shares of the company's outstanding common stock at a price ... [Read More]

First Investors Pushes Through Economic Downturn, Returns to Growth

Nick Zulovich
HOUSTON — While net earnings were down for First Investors Financial Services for the three-month period ending April 30, the company's chief executive officer said the origination growth kicked back into gear in the third quarter and continues to ramp up. ... [Read More]

Auto Equity Loans Launches Three New Offices

Nick Zulovich
WILMINGTON, Del. — Auto Equity Loans, a provider a short-term loans based on "clear and free" auto loan titles, announced it is opening three new offices in Wilmington, Bear and Newark, Del. "Banks have shut their doors to consumers who need ... [Read More]

NAF Association to Host Webinar to Update Industry on Consumer Protection Agency Ramifications

Nick Zulovich
HANOVER, Md. — How will the new Consumer Protection Agency impact non-prime auto financing? That's what the National Auto Finance Association is seeking answers for in its upcoming Webinar slated for 12:30 p.m. ET on Wednesday. Basically, the association will be ... [Read More]

Wolters Kluwer Enhances Fair Lending Solution

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced this week that its Fair Lending Wiz software now includes an ethnicity proxy functionality. Management explained the enhancement can allow financial institutions to make a determination of whether a loan applicant is Hispanic when ... [Read More]

Nicholas Financial Continues Growth Strategy

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial announced Wednesday that it has opened two new branch offices. The new facilities are in Morrow, Ga., and Fort Wayne, Ind. The office in Morrow is Nicholas Financial's fifth branch in the greater Atlanta metropolitan area, ... [Read More]

Wells Fargo Dealer Services Continues Business as Usual

Nick Zulovich
DES MOINES, Iowa — Wells Fargo Dealer Services' president told SubPrime Auto Finance News this week that the Wells Fargo Financial restructuring will have no impact on indirect dealer auto loans. Indeed, Tom Wolfe told SubPrime, "The restructuring of Wells Fargo ... [Read More]

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