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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

Fed: Average Amount Financed at Auto Lenders Hits New High

Nick Zulovich
WASHINGTON, D.C. — According to the Federal Reserve, the average amount financed on new-car loans at auto lenders is on an upswing. After plummeting to $24,405 in August, perhaps in a reflection of the tight credit markets, this figure has now ... [Read More]

Daimler Truck Financial Captures Top Honor from ATD

Nick Zulovich
FARMINGTON HILLS, Mich. — Despite an extremely tough environment, Daimler Truck Financial boasted today that it has achieved the No. 1 ranking in the annual dealer satisfaction survey conducted by the American Truck Dealers, a division of the National Automobile Dealers ... [Read More]

Today’s NADA Webinar Geared to Aid Dealers with Financing

Nick Zulovich
McLEAN, Va. — Because the economic recession wreaked havoc on dealership financing, the National Automobile Dealers Association had decided to assemble various professionals to share their expertise on what dealers can do next. Today's NADA Webinar titled "The New Reality of Financing ... [Read More]

Alabama Credit Union Broadens Deal with Wolters Kluwer

Nick Zulovich
BATON ROUGE, La. — Alabama Telco Credit Union recently expanded its relationship with Wolters Kluwer Financial Services. The new deal means the 56,000-member credit union now will utilize the AppOne platform that can automate the indirect lending, credit approval and compliance. ... [Read More]

DBRS Requests Feedback for U.S. Retail Auto Loan Rating Methodology

Nick Zulovich
NEW YORK — Executives from DBRS recently made the request for comments on the proposed rating methodology for U.S. asset-backed transactions backed by retail auto loans. The company said the deadline for all comment submissions is Dec. 18. Individuals can send comments ... [Read More]

NABD’s Shilson Offers Some Insight into Benefits of Payment Devices

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers recently held its three-day Underwriting and Collections Conference in November. Several key topics took center stage, including GPS device analysis, DMS solutions, collections, underwriting and regulatory compliance, among much more. "The conference ... [Read More]

iMETRIK Solutions Plans Free Webinar for Dealers, Lenders

Nick Zulovich
MONTREAL — iMETRIK Solutions is offering a free Webinar for lenders and buy-here, pay-here dealers who are interested in learning more about how technology can improve loan performance. The presentation titled "Best Practices with GPS Collection and Recovery Tools" will be ... [Read More]

ABI: Bankruptcies Approach Four-Year Highs

Nick Zulovich
ALEXANDRIA, Va. — Total bankruptcy filings continue to trend higher this year — reaching levels not seen in four years — according to the most recent data compiled by the American Bankruptcy Institute. In the third quarter of 2009 alone, ABI found that ... [Read More]

TransUnion: Less Demand, Fewer Auto Loans Lead to Higher Delinquencies

Nick Zulovich
CHICAGO — In its latest auto lending analysis, TransUnion.com discovered that the national 60-day delinquency rate climbed between the second and third quarters from 0.73 percent to 0.81 percent. Meanwhile, the year-over-year delinquency rate grew by 1.25 percent in the third ... [Read More]

Fitch: Auto ABS Beats Seasonality Trend But Higher Losses, Delinquencies to Remain

Nick Zulovich
NEW YORK — Despite various negative indicators, U.S. auto asset-backed securities' delinquency and annualized net losses actually improved at a time of the year when performance characteristically begins to deteriorate, according to Fitch Ratings. In fact, the company found that 60-plus ... [Read More]

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