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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

AIADA Teams Up with KeyBank for Free Dealer Webinar

Nick Zulovich
ALEXANDRIA, Va. — The American International Automobile Dealers Association is hosting a free Webinar with its affinity partner KeyBank next week for dealers interested in establishing and maintaining a mutually beneficial relationship with floor-plan lenders "Build a Win-Win Relationship with Your Floor ... [Read More]

GM Taps AmeriCredit to Offer Subvented Subprime Financing

Nick Zulovich
FORT WORTH — General Motors recently called on AmeriCredit to offer a subvented program for franchised dealers looking to get credit-challenged customers into new 2009 and 2010 GM models. "The program is structured similar to other manufacturer subvention programs," Caitlin DeYoung, ... [Read More]

CNW: Fewer Auto Loan Applications Approved Across Credit Spectrum

Nick Zulovich
BANDON, Ore. — Apparently, after gaining ground for several months, the share of auto loans receiving approval has now begun to drop, CNW Research discovered in its latest analysis. However, on the brighter side, consumers appear to believe that credit is ... [Read More]

Shilson: Less than 20% of Special Finance Deals Successful

Nick Zulovich
HOUSTON — I recently surveyed mid-year 2009 buy-here, pay-here industry results and I learned the following: 1. Sales have been, for the most part, comparable to the same period of last year. Only operators who have expanded operations, added additional sales ... [Read More]

Teres Solutions Teams Up with RateGenius to Increase Direct Auto Loans

Nick Zulovich
AUSTIN, Texas — Teres Solutions announced a new partnership with RateGenius to grow its clients direct auto lending business. Basically, Teres will integrate the RateGenius direct auto loan refinancing solution into its SAIL lending platform. "Whether or not automobile sales are growing, there's ... [Read More]

Fitch: Used-Value Rebound Drives Up Auto Lease ABS Performance

Nick Zulovich
CHICAGO — Auto lease asset-backed securities took a big hit last year causing a decreased appetite to offer leases. This ultimately caused several automakers to leave the leasing market; however, according to Fitch Ratings, it's a much different story this year. ... [Read More]

Zag.com’s New Car-Buying Site Gives Consumers Donation Opportunity

Nick Zulovich
SANTA MONICA, Calif. — Zag.com announced the launch of a new site today called DrivingDonations.com, which in addition to saving consumers an average of $4,500 on a new-car purchase, will also donate $50 to a charity of the consumer's choice. Basically, while the ... [Read More]

Chase Ramps Up Auto Loan Originations 82% Year-Over-Year

Nick Zulovich
NEW YORK — After a significant reduction in auto loan originations last year, Chase Auto Finance is continuing to ramp these transaction ramp back up, ultimately increasing originations 82 percent year-over-year. On Wednesday, the company reported that third-quarter auto finance originations ... [Read More]

VW Credit Selects MVTRAC to Improve Recovery Efforts

Nick Zulovich
PALATINE, Ill. — MVTRAC announced today that it has partnered with Volkswagen Credit to help the company improve its collection procedures on defaulted vehicle collateral. As part of this relationship, VW Credit will use MVTRAC's automated license plate recognition technology, in ... [Read More]

Credit Acceptance Offers Update on Credit Warehouse Facilities

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced some changes to its credit warehouse facilities. The company said it increased the amount of its revolving secured warehouse facility with an institutional investor from $50 million to $75 million. In addition, the ... [Read More]

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