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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

AVAbahn Integrates Wolter Kluwer Financial Tools into DMS

Nick Zulovich
MINNEAPOLIS — AVAbahn, a provider of Microsoft-based solutions and services for dealers, recently announced it is incorporating Wolters Kluwer Financial Services' vehicle retail installment contracts and DocOne printing engine into the dealer management system for Microsoft Dynamics AX. AVAbahn highlighted that ... [Read More]

NowAuto Group: Challenge Remains on Collections

Nick Zulovich
PHOENIX — NowAuto Group executives recently shared the reasons why their charge-offs and defaults improved significantly during the fiscal second quarter over the prior quarter and prior year. NowAuto found that charge-offs and defaults in the quarter that ended on Dec. 31 dropped ... [Read More]

CNW: Lease Penetration to Reach 25 Percent This Year

Nick Zulovich
BANDON, Ore. — Reviewing both open and closed-end leases from dealers and third-party lessors, such as banks, CNW Research discovered that the automaker with the largest market share is Ford. Ford trucks apparently account for more than 8.6 percent of lessees ... [Read More]

DealerTrack to Host Free Webinar Thursday

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack will be hosting a Webinar on Thursday to highlight and discuss all its new offerings which were unveiled at the National Automobile Dealers Association Convention in Orlando, Fla. Topics will include: —Retrieve critical appraisal data within seconds ... [Read More]

NAF Association to Host Webinar with Experian

Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association revealed plans for a Webinar featuring Melinda Zabritski, director of automotive credit for Experian Automotive. The Webinar titled, "A Special Review of the Below-Prime Automotive Finance Market," is scheduled for Feb. 23 beginning ... [Read More]

CMSI, Black Book Partner to Provide Valuations for Portfolios

Nick Zulovich
COLUMBIA, Md. — Credit Management Solutions and Black Book revealed an agreement to provide CMSI eXchange with what executives described as an affordable, monthly valuation and analytics service for auto portfolios. Officials went on to highlight that the timely and accurate ... [Read More]

Zoombak to Improve Tracking via Cell Tower Data

Nick Zulovich
NEW YORK — This morning, Zoombak announced the coming launch of Locate Assist, which by utilizing cell tower data gives dealers another way of tracking units under the company's GPS Recovery Finance Track Buy-Here, Pay-Here product. Basically, if a Zoombak device ... [Read More]

How Did BHPH Dealers Fare in 2009?

Nick Zulovich
HOUSTON — As I reviewed the year-end results of buy-here, pay-here operators throughout the nation, I noticed that 2009 produced some diverse results. Although my analysis (preparatory to compiling the industry benchmarks) is still in progress, here are some preliminary observations: ... [Read More]

Credit Acceptance Begins Its Return to Originations Growth

Nick Zulovich
SOUTHFIELD, Mich. — After reducing loan volume throughout most of 2009, Credit Acceptance has begun to grow its originations. For the fourth quarter, the company posted 7.6 percent growth in unit origination volume and grew originations by 2.1 percent in terms ... [Read More]

DBRS Publishes Final Methodology for Lease Securitizations

Nick Zulovich
NEW YORK — DBRS has released its final rating methodology for U.S. auto lease asset-backed transactions. The company indicated its final methodology does not have any substantive changes from the proposed lease methodology, which was published on Dec. 14 with a ... [Read More]

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