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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

NADA, AFSA Stand Up in Support of Dealers, Lenders

Nick Zulovich
WASHINGTON, D.C. — The National Automobile Dealers Association, along with other commercial lending executives representing four major banks, met with the Small Business Administration recently to discuss ways to make the SBA's dealer floor plan pilot program more effective. The association ... [Read More]

Are Auto Lenders Returning to Some of the Same Practices that Caused Their Instability?

Nick Zulovich
DETROIT — Many lenders are apparently returning to some of the some practices that played a role in their financial instability, such as zero-percent financing, low down payments and more, according to Sudarshan Mhatre, senior analyst with PricewaterhouseCoopers' Autofacts. He also ... [Read More]

BoA Dealer Services Joins AppOne Platform

Nick Zulovich
BATON ROUGE, La. — Wolters Kluwer Financial Services revealed this week that Bank of America's Dealer Financial Services is being connected to its AppOne platform. Interestingly, this latest deal is designed to help dealers finance marine and RV units for customers. "Not only ... [Read More]

Nationwide Acceptance Finishes DealerTrack Integration

Nick Zulovich
CHICAGO — Nationwide Acceptance Corp. recently completed integration with DealerTrack, meaning that dealers can now process credit applications electronically to Nationwide through the DealerTrack platform. "We are very excited to integrate with one of the nation's premier platforms for dealers to ... [Read More]

Saab Dealers to Continue Relationship with GMAC

Nick Zulovich
DETROIT — Now an independent company, Saab Automobile announced Monday that it has selected GMAC Financial Services as its preferred provider of wholesale and retail financial services for its qualified Saab dealers and customers throughout the world. The automaker's dealers already ... [Read More]

J.D. Byrider Names VP of Franchise Operations

Nick Zulovich
CARMEL, Ind. — Late last week, J.D. Byrider announced it has hired a new executive to serve as vice president of franchise operations. Hired for this position is Thomas Welter, who will be responsible for "maximizing unit profitability by strengthening the ... [Read More]

DealerTrack to Host Another Free Compliance Webinar

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack will be hosting a Webinar on Tuesday to discuss what the company highlighted as five critical compliance issues that can pose liability risks for dealers. The five points that are to be covered during the sessions ... [Read More]

Decreased Charge-offs, Strong Inventory Management Spark Car-Mart’s Revenue, Sales Performances

Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here auto group America's Car-Mart enjoyed strong revenue and retail sales improvements along with decreases in charge-offs during both its fiscal third quarter and nine-month time spans. In the third quarter that wrapped up Jan. 31, Car-Mart ... [Read More]

Experian: Subprime Auto Loans on Used Vehicles Grow

Nick Zulovich
SCHAUMBURG, Ill — While most new-car loans fall into the prime credit category, an Experian Automotive executive recently pointed out that loans for subprime customers are still out there, particularly in the used-vehicle market. "While the lion's share of the new-car ... [Read More]

GMAC CFO Leaving for Private Equity Firm

Nick Zulovich
DETROIT — In a SEC filing this week, GMAC reported that chief financial officer Robert Hull has decided to leave the company at the end of March. GMAC said in the SEC filing it will conduct an internal and external search ... [Read More]

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