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Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

AutoFi chooses former Santander, Capital One exec to be president

AutoFi president for web
Auto Fin Journal Staff
Former Santander and Capital One executive Josh Baer now is president of AutoFi, according to a company announcement made on Thursday. The digital automotive commerce platform said this key hire follows a March development when the company landed $85 million ... [Read More]

Experian: Credit unions gain largest share of the auto finance market in 5 years

growth chart with man
Auto Fin Journal Staff
The credit union located near your residence or business might only be a fraction of the size of ,say, a bank with a national footprint. However, when you add together that credit union with its contemporaries throughout the U.S., then ... [Read More]

Ferry partners with Inspiration Fleet to bolster EV subscription platform

ferry founder for web
Auto Fin Journal Staff
Here’s another development involving EVs and shorter consumer obligations. Ferry, an electric vehicle subscription platform that allows consumers to obtain short-term leases on new EVs, announced this week it has partnered with Inspiration Fleet to make Tesla Model 3s and ... [Read More]

CUDL integrates with IDS to connect credit unions with RV, marine & trailer dealers

RV trailer on highway
Auto Fin Journal Staff
CUDL is broadening the reach of its credit union financing network to go beyond vehicles. Integrated Dealer Systems (IDS), a leading RV, marine and trailer dealership management software provider, recently launched a new integration with CUDL. According to a news ... [Read More]

Bank of America to fuel Lucid Financial Services

Lucid_Financial_Services for web
Auto Fin Journal Staff
Bank of America is electrifying its presence in auto financing. This week, the bank finalized a strategic relationship to Lucid Group — which claims to have the longest-range, fastest-charging electric vehicle on the market — to form Lucid Financial Services, ... [Read More]

TrueCar acquires Digital Motors to reinforce TrueCar+ marketplace

TrueCar booth at NADA Show 2022
Auto Fin Journal Staff
The volume of dealerships changing hands has been growing for some time. Now in recent days, acquisitions involving products and software connected to financing and retailing are intensifying, too. On the heels of J.D. Power announcing a pair of acquisitions, TrueCar said on ... [Read More]

DriveItAway rolls out Polestar 2 EV subscription program

John Possumato with EVs for web
Auto Fin Journal Staff
DriveItAway founder and chief executive officer John Possumato wants to give consumers as many options as possible when using the company’s electric vehicle subscription to ownership program. On Wednesday, DriveItAway Holdings launched an initiative with Polestar 2 for anyone who would ... [Read More]

Inovatec & Lightico partner to help users offer end-to-end digital journey for customers

vlad and zviki for web
Auto Fin Journal Staff
Two service providers with international presences and leaderships now are working together to smooth customer journeys with digital solutions for finance companies and lenders throughout North America. Inovatec Systems, based in Burnaby, British Columbia, recently reached a collaborative agreement Lightico, ... [Read More]

Latest equity close pushes FINN valuation above $500M

money-stack
Auto Fin Journal Staff
In March, FINN expanded its vehicle subscription offering to western Pennsylvania, Massachusetts, Connecticut and Washington D.C., following its initial U.S. rollout in December. And now the company has additional financial resources to expand more. Last week, FINN announced it has closed ... [Read More]

2 months into launch, Solera Auto Finance now funds in 20 states

Solera booth at NADA_0
Auto Fin Journal Staff
Solera Auto Finance (SAF) launched in March during NADA Show 2022, building momentum and bettering its own initial growth estimates. The company recently said it is already well-positioned in the used-vehicle finance market, signing dealer agreements and funding contracts within ... [Read More]

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