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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

Wachovia Dealer Services, Wells Fargo Auto Finance Announce Details of Integration

Nick Zulovich
Wells Fargo alerted team members and dealers yesterday that Wachovia Dealer Services will take over the indirect auto lending business for Wells Fargo after the merger between the two companies, which is expected by year's end. The combined business will ... [Read More]

Finance Express Offers Dealers More Options

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently announced that dealers can now post inventory to VAST.com, AOL Autos and Overstock.com for no additional cost. VAST.com is a rapidly growing inventory posting tool with nearly 4 million vehicles posted, according to officials. [Read More]

PassTime Launches New Company Via Joint Venture

Nick Zulovich
LITTLETON, Colo. — PassTime announced that it has formed a joint venture with the Astrata Group. The new company, which will be majority owned and controlled by Astrata, will be known as PassTime Telematics Inc. (an Astrata Group Co.). Passtime Telematics ... [Read More]

NABD Releases Preliminary Agenda for Annual Conference

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers announced the preliminary agenda for its 11th Annual National Buy-Here, Pay-Here Conference to be held May 12-14, 2009, in Las Vegas. Officials expect the program to be the largest BHPH conference in the ... [Read More]

VINtek Can Help Lenders Gain Current LTV Measurements

Nick Zulovich
PHILADELPHIA — VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders, announced an increase in demand for its AUTOval portfolio optimization analysis. Apparently, more auto lenders seeking to determine ... [Read More]

GMAC Canada Discusses Impact of Tighter U.S. Credit Markets, More

Nick Zulovich
TORONTO — As parent company GMAC Financial services applies to become a U.S. bank holding company, GMAC of Canada discussed how this move could impact the Canadian industry in a positive way and also shared possible initiatives it may take to hurdle ... [Read More]

J.D. Power Ranks Lenders by Consumer Satisfaction

Nick Zulovich
WESTLAKE VILLAGE, Calif. — Releasing its 2008 Consumer Financing Satisfaction study today, J.D. Power and Associates reported that two import financial arms and one domestic captive took top honors in the various segments analyzed. More specifically, BMW Financial Services, Ford Credit and ... [Read More]

ABI: Bankruptcy Filings Down a Bit from October

Nick Zulovich
ALEXANDRIA, Va. — Overall, according to the American Bankruptcy Institute, bankruptcy filings dipped slightly from October; however, they remained up 39.2 percent in November over the same period in 2007. Relying on data from the National Bankruptcy Research Center, ABI reported ... [Read More]

AWARE: Military Members More Prepared, Satisfied with Auto Financing Process

Nick Zulovich
WASHINGTON, D.C. — Military members know the value of preparation, and they use that knowledge when financing a vehicle, which generally leads to higher satisfaction, according to a recent survey by Americans Well-informed on Automobile Retailing Economics. Apparently, military members lead ... [Read More]

Subprime Credit Loss Analysis Can Show You the Money

Nick Zulovich
HOUSTON — During the last year the credit markets have tightened significantly for the subprime industry. This contraction of capital threatens the ability of many buy-here, pay-here dealers to continue in business. Without capital, BHPH dealers can't grow or even replace ... [Read More]

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