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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

COMMENTARY: FTC continues its active regulation of dealers by rules and consent decrees

FTC outlines 3 goals for improved digital economy
Randy Henrick, Ignite Consulting Partner
The Federal Trade Commission (FTC) seems to be in full assault mode when it comes to regulating auto dealers. It is doing so by proposing new rules and by entering consent decrees with allegedly offending dealers.  And 2022 has been ... [Read More]

Experian: Amount financed for used vehicles slowed in Q3

experian chart Q3 for web
SubPrime Auto Finance News Staff
With used-vehicle prices easing a bit, the amount of risk that finance companies are absorbing into their portfolios is starting to abate a bit, too. According to Experian’s State of the Automotive Finance Market Report: Q3 2022, the average amount ... [Read More]

Nordis Technologies partners with Solutions by Text to boost customer communications

woman-on-phone
SubPrime Auto Finance News Staff
Nordis Technologies and Solutions by Text (SBT) contend that a growing number of auto finance company customers want to receive statement alerts and payment reminders by text, especially with direct links to online account management and payment portals. To enhance ... [Read More]

PODCAST: PAR North America VP on future of repossessions

Ryan Hawley at UCW 2
SubPrime Auto Finance News Staff
Ahead of his appearance on stage during Used Car Week 2022 in San Diego, PAR North America’s Ryan Hawley took time for this episode of the Auto Remarketing Podcast. Hawley described how the forwarding industry is getting ready for an ... [Read More]

PODCAST: Revisiting complexities of product refunds

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SubPrime Auto Finance News Staff
Following their keynote presentation at Used Car Week 2022 in San Diego, a trio of experts reiterated how complex product refunds can be for finance companies following a vehicle repossession or total-loss insurance claim. Anne Holtzman and Peter Krall of ... [Read More]

October auto defaults make second-highest rise of 2022

October default chart for web
SubPrime Auto Finance News Staff
Auto defaults made the second-highest sequential jump so far this year in October, according to the S&P/Experian Consumer Credit Default Indices. S&P Dow Jones Indices and Experian reported that data through October showed the auto reading at 0.77%, which was ... [Read More]

DDI Technology brings title service to Massachusetts to streamline salvage processing

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SubPrime Auto Finance News Staff
DDI Technology expanded its corporate offices in September to handle more work. Then this month, the electronic lien and title technology firm and a subsidiary of IAA announced the expansion of its electronic salvage processing products and services into Massachusetts. ... [Read More]

AutoPayPlus finalizes endorsement deal with PGA Tour pro

news update
SubPrime Auto Finance News Staff
Many deals and relationships are forged on the golf course, and AutoPayPlus likely is looking to have the same thing happen via its latest marketing endeavoer. The provider of automated biweekly and early payoff services for automotive, RV, boat, home ... [Read More]

KBRA, S&P tap September & October ABS data to uncover trends about originations, extensions, collections and delinquencies

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SubPrime Auto Finance News Staff
Last week, both Kroll Bond Rating Agency (KBRA) and S&P Global Ratings shared intriguing findings based on analysis of September and October data generated by the automotive securitization market, noting trends about originations, extensions, collections and delinquencies. SubPrime Auto Finance ... [Read More]

Credit availability loosens, as average used-financing rate jumps to 12-year high

row of cars
SubPrime Auto Finance News Staff
While some retailers seemingly started Black Friday sales promotions before Labor Day, dealerships and finance companies likely are bracing for some additional business this week as consumers feel the urge to shop and make big purchases. As Cox Automotive noticed ... [Read More]

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