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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
SPONSORED EPISODE: Allied Solutions explains why origination is episodic, but servicing is continuous
John Elias, sales specialist in auto finance business development for Allied Solutions, is back as the guest for another sponsored episode of the Auto Remarketing Podcast. Elias explains why current market conditions, affordability pressures and changing vehicle values are combining ... Listen Here

CNW Predicts Rise in New-Car Sales Relatively Soon as Housing Inventories Correct

Nick Zulovich
BANDON, Ore. — According to Art Spinella, of CNW Research, the downfall in the housing market played a big role in the collapse of new-car sales, and he recently went into further detail about this trend. Basically, in his latest analysis ... [Read More]

Fed: Average APR Declines at Auto Finance Companies

Nick Zulovich
WASHINGTON — The Federal Reserve recently released its latest consumer credit statistics and found that the average interest rate on an vehicle loan at auto finance companies is down, dropping slightly to 4.19 percent in March from 5.37 percent in February. ... [Read More]

Navy Federal Credit Union Teams Up with VINtek

Nick Zulovich
PHILADELPHIA — Virginia-based Navy Federal Credit Union has selected VINtek as its title management provider for its auto lending business. "We selected VINtek as our title management provider because of the company's history of integrity, superior performance and commitment to ... [Read More]

Greene Joins Board at Non-Prime Auto Finance Company

Nick Zulovich
ATLANTA — Navigation Capital Partners, a leading Atlanta-based middle market private equity firm, recently announced that O.G. Greene joined the firm as an operating partner and will serve on the board of Exeter Finance Corp., a non-prime auto finance company.  Greene ... [Read More]

NAF Association Non-Prime Auto Financing Conference Preview

Nick Zulovich
HANOVER, Md. — In addition to releasing the names of speakers and sessions for the upcoming National Auto Finance Association's annual Non-Prime Auto Financing Conference, the executive director also announced that a new association will be forming in conjunction with the ... [Read More]

HSBC Touches on U.S. Auto Lending Unit, Says Recession More Likely

Nick Zulovich
LONDON — In its May SEC filing, HSBC mostly discussed the challenges with its mortgage business and what it is doing to turn this segment around; however, it also mentioned the U.S. vehicle finance business, indicating this unit is being trimmed ... [Read More]

MAC Launches Revamped Site

Nick Zulovich
LOUISVILLE, Ky. — Military Assistance Co. announced that it completed the first major Web site update since its initial launch in the fall of 1999. According to officials, the primary objectives of this site revamp included improving user experience, enhancing operating ... [Read More]

Auto Affordability Index Reaches 6-Year High

Nick Zulovich
DETROIT — According to Comerica Bank, consumers are likely reducing the average cost of vehicles by simply turning to smaller models. Dana Johnson, chief economist of Comerica Bank, pointed to this as a possible trend after the latest auto affordability ... [Read More]

Delinquencies Rise in Latest CBA Auto Finance Study

Nick Zulovich
ARLINGTON, Va. — Reflecting the current economic landscape, the Consumer Bankers Association's 2008 Automotive Finance Study found that delinquencies climbed 6 percent for new vehicles and 13 percent for used. While the study generally focuses more on the prime credit spectrum ... [Read More]

ADESA’s Kontos Discusses Market Trends at NABD

Nick Zulovich
LAS VEGAS — During this week's National Alliance of Buy-Here, Pay-Here Dealers conference, Tom Kontos, ADESA's vice president of customer strategies and analytics, offered his analysis of the marketplace. He started off his presentation by talking about the presidential candidates and ... [Read More]

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