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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

Credit Acceptance Announces Pricing of Senior Secured Notes

Nick Zulovich
SOUTHFIELD, Mich. — While Credit Acceptance announced last week that it intended to offer $225 million of first priority senior secured notes due in 2017, the company came back out this week saying that it has priced $250 million of these ... [Read More]

First Investors Financial Services Now Adding Dealers, Expanding Originations

Nick Zulovich
HOUSTON — After being cautious amidst the turmoil of the economy, First Investors Financial Services' chairman and chief executive officer told SubPrime Auto Finance News on Monday that his company is growing again, including expanding both originations and dealer base. While ... [Read More]

Compli Names New President, CEO

Nick Zulovich
PORTLAND, Ore. — Compli, a provider of work force and compliance management software, recently elevated one of its top executives into the role of president and chief executive officer. Now serving in the position is Lon Leneve, who previously was president ... [Read More]

CNW: CARS Buyers’ Remorse Drives up Late Payments, More

Nick Zulovich
BANDON, Ore. — Apparently, CNW Research discovered in October that there was already a "fair amount" of buyers' remorse related to Cash for Clunkers purchases. Since that period, the remorse level has continued to climb. More specifically, back in October, more ... [Read More]

Chase Appoints New Manager for a Calif. Custom Finance Center

Nick Zulovich
SACRAMENTO, Calif. — Chase recently named the manager of its Custom Auto Finance Center located northeast of the California state capital. Taking on this position is Phil Gouran, who will oversee the work facilitated at 2220 Douglas Blvd. in Roseville. Chase ... [Read More]

Santander Taps VINtek for Expanded Services

Nick Zulovich
PHILADELPHIA — VINtek announced this week that it has struck a deal with Santander Consumer USA to manage vehicle titles for the company's recently expanded portfolio. Officials explained that a one of the reasons for this deal is Santander's recent acquisition ... [Read More]

Five Ohio Credit Unions Join WhereMembersBuy.com

Nick Zulovich
COLUMBUS, Ohio — A total of five Ohio credit unions have decided to integrate an online vehicle shopping solution from Aimbridge Indirect Lending of Ohio into their list of available services. Among the organizations that opted to make WhereMembersBuy.com accessible to ... [Read More]

Sonic Automotive Completes New Credit Facilities

Nick Zulovich
CHARLOTTE, N.C. — Sonic Automotive announced Tuesday that it entered into new syndicated credit facilities with several financial institutions that mature in August 2012. Furthermore, company executives noted that new floor plan arrangements with several manufacturer-affiliated finance companies for both new ... [Read More]

Nicholas Financial Expands Credit Line, Opens New Office

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently announced that the company has reached a new agreement with its consortium of lenders to increase the size of its credit line from $115 million to $140 million. The new contract extends the maturity date ... [Read More]

DealerTrack to Host Webinar Tomorrow on Compliance, Online Marketing Strategies

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack will host a free Webinar for dealers covering compliance and online marketing strategies on Jan. 20. The online seminar will highlight best practices for developing a program to minimize identity theft and compliance risks that can ... [Read More]

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