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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

Flex Fund Boasts More than 300 Wholesale, Salvage Auction Partners After First Year of Business

Nick Zulovich
YORBA LINDA, Calif. — Flex Fund Financial Services has recently signed operating agreements for inventory financing with 10 new independent auctions. The additional agreements bring the company's total signed auctions to 310, including about 150 whole-car and 160 salvage auctions, ... [Read More]

RouteOne Partners with Fireside Bank

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced that California-based Fireside Bank has integrated into its platform. Fireside is a non-prime and subprime finance source. Moreover, Fireside Bank is an FDIC insured and regulated industrial bank with a core business of purchasing ... [Read More]

Experian: Consumers Uncomfortable Making Large Purchases Such as Cars

Nick Zulovich
COSTA MESA, Calif. — Even though the Experian-Gallup Personal Credit Index rebounded to 95 in July after declining to 90 earlier this year, officials found that a large number of consumers are still uncomfortable making large purchases, such as cars. ... [Read More]

NAF Association Releases Annual Study Results

Nick Zulovich
Hanover, Md. — The National Automotive Finance Association announced that it has published its 2007 Non-Prime Automotive Financing Survey. One of the key findings is that delinquencies, both in dollars and number of accounts, have increased since last year. The ... [Read More]

Auto Affordability Index Down

Nick Zulovich
DETROIT — According to the Auto Affordability Index compiled by Comerica Bank, an average-priced new vehicle took 24.6 weeks of median family income in the second quarter of this year. Officials indicated the latest reading is down just slightly, 0.1 ... [Read More]

DealerTrack: 2Q Transactions Hit 23.5 Million

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced that GAAP net income for the quarter came in at $6.3 million, up 35 percent from $4.7 million for the second quarter of last year. Additionally, revenue for the quarter was $58.5 million, up ... [Read More]

AmeriCredit’s CEO Tackles Industry Concerns

Nick Zulovich
FORT WORTH, Texas — Addressing the unstable credit market and liquidity concerns by many in the industry who are keeping a particularly watchful eye on subprime companies, AmeriCredit's president and chief executive officer reassured analysts that his company has no ... [Read More]

Chrysler Financial Sees More Services in Future, Mercedes-Benz Financial Finds New Offices

Nick Zulovich
FARMINGTON HILLS, Mich., and FORT WORTH, Texas — In addition to identifying top executives, Chrysler Financial said its recent independence from DaimlerChrysler will cause no disruption in services or programs. In fact, company officials indicated the new parent company, Cerberus, ... [Read More]

J.D Byrider Launches Site to Dispel Misconceptions about Business

Nick Zulovich
CARMEL, Ind. — In an effort to correct misconceptions about its business, J.D. Byrider announced it has launched a new Web site at JDBFacts.com. "We see a parallel between us and Blockbuster," explained Steve Wedding, president of Byrider franchising. "When ... [Read More]

NAF Association, NADC to Host Workshops

Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association and the National Association of Dealer Counsel announced they will hold educational sessions in September and October. The NAF Association will present a half-day workshop Sept. 23 at the Millennium Hotel in ... [Read More]

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