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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

Peak5 Announces New Senior VP of Ops

Nick Zulovich
CENTENNIAL, Colo. — Peak5 recently announced the addition of a new senior vice president of operations. Taking on this role is Todd Klem. Klem has extensive experience managing call center and collection processes over the last 20 years. He most recently ... [Read More]

Westlake Financial Extends National Footprint, Realigns Origination Departments

Nick Zulovich
LOS ANGELES — Westlake Financial Services announced it has expanded into three additional states, including North Dakota, South Dakota and Montana. With these three new states, Westlake said it will now originate auto loan contracts in 34 states throughout the United ... [Read More]

Subaru Dealers Gain New GAP Product for Customers

Nick Zulovich
CHERRY HILL, N.J. — Subaru and Subaru Motors Finance recently announced the launch of a new GAP product for franchised dealers. Subaru Equity Shield is a product designed to protect Subaru customers against unforeseen losses. It is distributed through Subaru ... [Read More]

Ford Credit Hit with Steep Charge on Lease-End Residuals

Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit completed its North America operating lease review over the second quarter and reported today that it is taking a hefty hit after discovering that lease-end residual values will likely be significantly lower than previously expected ... [Read More]

Toyota Financial Services Shuffles Management

Nick Zulovich
TORRANCE, Calif. — Toyota Financial Services announced three major senior executive moves earlier this week, in additional to naming a new chief information officer. All changes are slated to take effect July 28. After nine years of leading the company's finance ... [Read More]

Former GMAC Counsel Joins Hudson Cook

Nick Zulovich
HANOVER, Md. — Hudson Cook LLP recently announced the addition of Thomas Buiteweg as a partner at the firm's Ann Arbor, Mich., office. Buiteweg will focus his practice on federal and state consumer financial services laws, with particular emphasis on automotive financing. ... [Read More]

Former Drive Financial Execs Leverage Experience to Re-Enter Marketplace with New Subprime Lender

Nick Zulovich
DALLAS — In an exclusive interview with SubPrime Auto Finance News, Inspire Auto Finance, a subprime auto finance lender, announced its entry into the market. The management team spent 18 months developing a custom technology solution and reworking its subprime lending ... [Read More]

Exeter’s Expansion Plan Gains Momentum

Nick Zulovich
IRVING, Texas — Exeter Finance Corp., subprime auto contract purchaser, reported that it continues to make progress on its expansion plan. On Monday, the company announced the opening of its sixth branch office, with the latest located in Manchester, N.H. According ... [Read More]

DealerTrack Achieves New High in Finance Source Partners

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced Monday that it has hit a new milestone in the number of finance sources connected to its platform — 700. "We are very pleased to reach this milestone of 700 connected financing sources, significantly more ... [Read More]

AppOne Adds New Finance Source to Platform

Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced late last week that Bank of the Ozarks, an Arkansas-based bank that offers commercial equipment financing and leasing through Bank of the Ozarks Leasing, has joined AppOne's lender ... [Read More]

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