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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

Former Revere Capital, Skopos Financial exec joins Edge Financial Services

AutoCanada Announces Board Appointments
SubPrime Auto Finance News Staff
According to a news release, 1803 Capital, which operates as Edge Financial Services, appointed a new chief financial officer this week, turning to an executive who has held leadership positions at Revere Capital, Regional Management Corp. and Skopos Financial. Coming ... [Read More]

Credit Acceptance makes another top leadership change with new chief sales officer

SubPrime Auto Finance News Staff
Credit Acceptance continued to reshape its top leadership, announcing late Monday that Robert Bourrier has joined the subprime auto finance company as chief sales officer. The move arrived roughly six weeks after Credit Acceptance hired Steffen Schumann as chief business ... [Read More]

PayNearMe hires chief development officer to lead engineering efforts

Another former Manheim Canada exec joins Otolane
SubPrime Auto Finance News Staff
PayNearMe recently announced Niall Hayes joined the company as chief development officer and executive vice president of engineering. The company is asking Hayes to lead its engineering organization and drive the platform’s ongoing evolution, with a focus on scaling its ... [Read More]

VantageScore spots ‘subtle migration’ of consumers toward lower credit tiers in March

SubPrime Auto Finance News Staff
The March edition of CreditGauge from VantageScore showed the average VantageScore 4.0 credit score held steady at 701, reflecting continued consumer resilience amid elevated borrowing costs and broader macroeconomic uncertainty. Analysts explained in the report that the distribution of consumers ... [Read More]

4 attorneys decipher developments since FTC sent letters to dealers nationwide

Nick Zulovich, Senior Editor
It’s been about six weeks since the Federal Trade Commission said that it was sending letters to 97 auto groups nationwide, warning them that the prices they advertise must be the total price — including all mandatory fees — that ... [Read More]

Loan extensions keep climbing as repo agents now seeing ramifications

SubPrime Auto Finance News Staff
Auto-finance expert and business consultant Bill Ploog, who spent more than three decades with Ally and GMAC, shared insightful data on LinkedIn earlier this week about payment extensions, which are creating a ripple effect. The American Recovery Association addressed that ... [Read More]

Weltman, Weinberg & Reis hires 2 more attorneys for Ohio offices

SubPrime Auto Finance News Staff
Weltman, Weinberg & Reis recently added two more legal professionals to its Ohio offices in Cleveland and Columbus. The full-service creditors’ rights law firm with more than 95 years of client service welcomed attorney Genny Moss to the Cleveland office ... [Read More]

Navy Federal Credit Union’s Cost of Car Ownership Index reaches new high

SubPrime Auto Finance News Staff
The contract holders in your portfolio might be struggling to handle the financial component of that vehicle beyond just the monthly payment. Navy Federal Credit Union recently released the latest iteration of its Cost of Car Ownership (COCO) Index, revealing ... [Read More]

Fed’s Waller recaps impact of labor market’s ‘head-snapping volatility’ on policymakers’ next rate decision

SubPrime Auto Finance News Staff
Federal Reserve Governor Christopher Waller made another public appearance on Friday. This time, Waller was back in Alabama, where he previously served as a professor at Auburn University. Ahead of next week’s Federal Open Market Committee (FOMC) meeting when policymakers ... [Read More]

The Work Number Record Indicator from Equifax now available for auto loans

SubPrime Auto Finance News Staff
Equifax reinforced its tools to serve lenders that provide auto or personal loans. Last week, Equifax launched The Work Number Record Indicator that can deliver income and employment insights from The Work Number alongside the Equifax consumer credit report at ... [Read More]

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