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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 $600 Million Asset-Backed Securitization

Nick Zulovich
FORT WORTH, Texas — Late last week, AmeriCredit Corp. announced the pricing of a $600 million offering of automobile receivables-backed securities. This securitization is through lead managers Barclays Capital and Deutsche Bank Securities. Credit Suisse, UBS Investment Bank and Wells Fargo ... [Read More]

VINtek Posts Record Year for Revenue, Client Expansion

Nick Zulovich
PHILADELPHIA — VINtek enjoyed record growth during 2009 in numerous aspects of providing automotive collateral management and electronic lien and title services for lenders. As compared to last year's figures, company executives indicated that 2009 revenue jumped 67 percent and earnings ... [Read More]

Ford Credit Highlights Income Turnaround

Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit revealed specifics of its 2009 revenue turnaround and how a nearly $3 billion improvement occurred. The company posted a net income total of $1.3 billion last year. It calculated into an improvement of $2.8 billion, ... [Read More]

GMAC Says Auto Service Business Made Strong 4Q Improvements

Nick Zulovich
NEW YORK — Positively impacted by gains in net financing revenue, GMAC reported Thursday that, based on preliminary results, its global automotive services business posted pre-tax income from continuing operations of $309 million during the fourth quarter, a significant upswing from the pre-tax loss ... [Read More]

Is BHPH Right for Franchise Dealers?

Nick Zulovich
HOUSTON — Franchise dealers enter 2010 with many of the same challenges they have faced for the last 24 months: 1) excess facilities, 2) slumping vehicle sales, 3) decreasing average credit scores of their customers, 4) tougher credit approvals from ... [Read More]

Hudson Cook, CounselorLibrary.com, Auto Advisory Services to Host Auto Finance Program

Nick Zulovich
HANOVER, Md. — Hudson Cook, CounselorLibrary.com and Auto Advisory Services will be hosting a special auto financing workshop next month in Orange County, Calif., that will touch on a variety of legal issues within the industry. As some may know, all of these companies ... [Read More]

ABI: 2010 Consumer Bankruptcies Likely to Climb from 2009

Nick Zulovich
ALEXANDRIA, Va. — Though consumer bankruptcies in January fell 10 percent from the previous month, this isn't necessarily indicative of things to come. In fact, the American Bankruptcy Institute suggested Tuesday that various economic pressures could push bankruptcies this year past their ... [Read More]

Today is Final Day to Submit Nominations for Top 75 Subprime Companies

Nick Zulovich
CARY, N.C. — SubPrime Auto Finance News announced this morning that today is the last day to submit nominations for the second annual listing of the top 75 subprime companies in the March/April edition. Please move quickly, as nominations will close ... [Read More]

RouteOne Debuts New Online Lead, Credit Application Tool

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne has launched a new online lead and credit application tool for dealers that can help them manage and track customer leads, help make their online marketing activities more effective, and extend the reach of finance departments to their ... [Read More]

Wolters Kluwer Names Senior Attorney for Indirect Lending

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced Wednesday that it has named a senior attorney for its indirect lending business unit, which provides compliance tools and services to marine, RV and dealerships, and the lenders that serve them. Serving in this ... [Read More]

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