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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

Auto defaults finish 2022 with largest sequential rise in more than 5 years

experian-december default graph for web
SubPrime Auto Finance News Staff
Auto defaults closed 2022 with the first double-digit rise in the default rate in more than five years. On Tuesday, S&P Dow Jones Indices and Experian released data through December for the S&P/Experian Consumer Credit Default Indices. The auto rate ... [Read More]

Westlake now servicing portfolios from Car Capital & Nicholas

Details of upcoming repossession webinars from ARA & Weltman
SubPrime Auto Finance News Staff
Westlake Portfolio Management grew its servicing department by reaching agreements with two companies that specialize in the subprime auto space. Last week, Westlake announced it formed a servicing partnership with Nicholas Financial, an auto and consumer finance company based in ... [Read More]

Resource Hub

Best Practices, Ideas, and Tools for Business

Turning Dealer Group Data into Demand

Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
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Evaluating VPP Cancellation Systems: 7 Questions Every Lender Should Ask

Selecting the right VPP cancellation system is critical to maintaining compliance, maximizing recoveries, and improving operational efficiency. As regulatory requirements...
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Auto lenders spent on AI. Here’s what paid off.

A panel of auto-lending leaders — CEOs of subprime auto finance companies, VPs of Collections, CROs, indirect-lending executives at two...
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Experian Automotive Dealer Fraud Threat Report

Fraud is Hitting Dealerships Hard When one bad deal can erase tens of thousands in profit, fraud becomes impossible to...
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AI-Financing Spotlight: How Tracy Honda Sells 12-15 More Deals Monthly

Discover how Tracy Honda is outperforming its market by leveraging AI-powered auto financing to drive faster approvals and close more...
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The AI Dealer Playbook: 5 Questions to Ask Before You Buy AI

Artificial intelligence is rapidly reshaping dealership operations by automating communication, improving workflows, and supporting staff with tools like copilots and...
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Speaking the Same Language: How Dealers Structure Capital for Real Estate and Growth

Why Capital Structures Matters in Today’s Market Dealers actively expanding or acquiring real estate are often constrained not by opportunity—but...
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Dealer Playbook: 5 Takeaways for Auto Retailers Using AI

The May issue of Auto Remarketing — “Shifting Gears: AI’s Role in Retail Automotive” — explores how top auto retailers...
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PassTime strengthens executive leadership with new EVP of sales

passtime exec for web
SubPrime Auto Finance News Staff
PassTime reinforced its executive team last week. The provider of advanced asset tracking solutions announced it has hired Mike Roberts a new executive vice president of sales. PassTime highlighted Roberts joined the team from Kenwood USA and is an executive ... [Read More]

Legal roundup: GAP refunds in Colorado & retail fraud in Wisconsin

auction gavel_1540068272
SubPrime Auto Finance News Staff
Recent developments from both federal- and state-level law enforcement include matters associated with refunds connected to guaranteed automobile protection (GAP) as well as a dealership defrauding consumers. Connected to industry-wide compliance challenges highlighted multiple times by Allied Solutions, Colorado attorney ... [Read More]

5 findings from Open Lending’s vehicle accessibility survey

open lending chart for web
SubPrime Auto Finance News Staff
Open Lending Corp. recently offered a in-depth reminder for when a finance company decides to buy that installment contract, especially for an applicant in need of reliable transportation. The provider of analytics, risk-based pricing, risk modeling and default insurance to auto ... [Read More]

Allied Solutions opens year with acquisition, promotion & integration

news pic
SubPrime Auto Finance News Staff
Allied Solutions began 2023 with a trio of significant moves, including an acquisition, a key executive promotion as well as an integration with another service provider in the collections space. The newest announcement arrived on Tuesday when Allied Solutions said ... [Read More]

Launcher integrates with Truework to provide income & employment verifications

Newest Open Lending partner brings insurance expertise
SubPrime Auto Finance News Staff
Launcher recently finalized another partnership to help finance companies shore up their underwriting. The technology provider specializing in originations announced an integration of Launcher’s appTRAKER Loan Origination System (LOS) with Truework, which provides immediate access to income and employment data ... [Read More]

Auto defaults remain stable, as credit availability tightens

Glenview expands services with bulk loan buying
SubPrime Auto Finance News Staff
Following a month when the auto default rate remained steady, credit availability for new paper tightened. Those findings are among the latest observations from Cox Automotive, S&P Dow Jones Indices and Experian. Based on data through November for the S&P/Experian ... [Read More]

5 EFG executives offer 5 F&I predictions for 2023

EFG executives for web
SubPrime Auto Finance News Staff
Like when two friends share a serious conversation over their beverage of choice, EFG Companies is trying to be straight with dealers about their F&I prospects this year. EFG said through its annual forecast released on Tuesday that it sees ... [Read More]

CPS finalizes 3 tech partnerships with more AI tools to be launched this year

Nick Zulovich
Consumer Portfolio Services (CPS) recently continued its robust roll out of artificial intelligence and machine learning solutions to provide greater payment flexibility and more efficient processing of retail installment contracts. The company — which provides indirect auto financing to individuals ... [Read More]

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