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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

Non-Prime Auto Financing Survey: Used Portfolios Performing Better than New

Nick Zulovich
FORT WORTH — Highlights of the annual Non-Prime Automotive Financing Survey were touched upon at last week's related conference held by the National Auto Finance Association. One the primary insights offered was that overall, used-vehicle portfolios performed better than new-vehicle portfolios, ... [Read More]

ARI Adds New F&I Services by Acquiring Powersports Outsourcing Group

Nick Zulovich
MILWAUKEE, Wis. — ARI announced recently that it acquired the assets of Powersports Outsourcing Group to add F&I products and services for its customers. Powersports Outsourcing Group, which is located in Schenectady, N.Y., has been offering outsourced F&I products to powersports, marine and ... [Read More]

ABI Ranks States by Bankruptcies

Nick Zulovich
ALEXANDRIA, Va. — The total number of U.S. bankruptcies continued on an upward track according to data shared by the American Bankruptcy Institute. During the first three months of this year, ABI reported a 34.5-percent jump in bankruptcies as compared to ... [Read More]

Experian: More Consumers Buying Used Vehicles as Lender Criteria Tightens

Nick Zulovich
SCHAUMBURG, Ill. — In its latest quarterly analysis, Experian Automotive discovered that a down economy and stricter lending criteria have pushed more consumers toward used-vehicle loans. In fact, the company found that used-vehicle loans accounted for 68.13 percent of all auto ... [Read More]

Prestige Financial Doubles Credit Line

Nick Zulovich
SALT LAKE CITY — Prestige Financial Services recently announced that a transaction with a pair of financial institutions has more than doubled a line of credit funding capacity. First, Prestige revealed that Bank of America Business Capital has joined a line ... [Read More]

Fed: Average Auto Loan Interest Rate Creeps Higher

Nick Zulovich
WASHINGTON, D.C. — After plummeting to a record low in March, interest rates on new-car loans at auto finance companies showed a slight uptick in April, coming in at 2.79 percent, compared with 2.74 percent in March. Meanwhile, the Federal Reserve also ... [Read More]

Auto Finance Presidents Talk about Surviving Tough Times

Nick Zulovich
FORT WORTH — How are three auto finance companies handling the meltdown in the credit market and continuing to help get credit-challenged consumers behind the wheels of vehicles? Three presidents representing Westlake Financial Services, Regional Acceptance Corp. and First Investors Financial ... [Read More]

J.D. Power Provides Glimpse into Online Auto Loan Chatter

Nick Zulovich
FORT WORTH — Later in the day on Thursday, Daniel Pavlinac, senior director in the Web Intelligence Research Division at J.D. Power and Associates, offered a unique look into consumer online chatter about auto loans. Basically, he said capturing data in ... [Read More]

VINtek Introduces Enhanced Collateral Management Platform

Nick Zulovich
PHILADELPHIA — After receiving extensive feedback from its clients, VINtek has launched a revamped version of VINtekTIME, its online auto collateral management system for paperless and paper-based vehicle titles. The enhanced version of VINtekTIME features a workflow and task queuing system with timers, ... [Read More]

SubPrime Executive Recognition Deadline Approaches

Nick Zulovich
CARY, N.C. — SubPrime Auto Finance News will be honoring top subprime executives as part of a special feature in an upcoming edition, but to nominate an industry leader, you must act quickly. The deadline for nominations is Monday. The July/August ... [Read More]

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