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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

EFG Companies brings on chief information officer

EFG CIO for web
SubPrime Auto Finance News Staff
EFG Companies announced the expansion its C-suite leadership on Tuesday. Coming aboard as chief information officer to reinforce company’s commitment and support of the rapidly evolving consumer protection product industry is Joe Vide. According to a news release, Vide will ... [Read More]

Younger Americans more positive about their financial future

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SubPrime Auto Finance News Staff
While Cox Automotive mentioned that overall consumer sentiment has been steadily improving, TransUnion discovered the youngest generations continue to be more optimistic about their financial future in the next 12 months than their older counterparts. The latest TransUnion Consumer Pulse ... [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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FTC distributing payments to consumers impacted by shutdown dealers in Ariz. & NM

3 commissioners gain confirmation at FTC
SubPrime Auto Finance News Staff
The Federal Trade Commission announced last week that it began sending payments to consumers impacted by dealerships operating in Arizona and New Mexico that the regulator shut down two years ago. The FTC said it is sending payments totaling more ... [Read More]

Open Lending stretches terms to 84 months

OpenLending image for web
SubPrime Auto Finance News Staff
Open Lending is stretching terms to help credit unions book more paper, especially with potential customers who land in the near or non-prime credit tiers. Last week, the lending enablement and risk analytics solutions provider announced it will offer its ... [Read More]

TurboPass adds 2 new board members

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SubPrime Auto Finance News Staff
TurboPass announced the appointment of two new members to its board of directors this week. Now part of the leadership structure for the fintech firm that helps dealerships and finance companies during the underwriting process are Mark Vazquez, who is ... [Read More]

Launcher reinforces CARFAX integration to boost underwriting

cars at dealership
SubPrime Auto Finance News Staff
Launcher, a technology provider specializing in originations, recently enhanced its integrated access to CARFAX Vehicle History Reports inside its core product — appTRAKER Loan Origination System — so finance companies have “additional ammo in their artillery.” According to a news ... [Read More]

PODCAST: Why ‘rehashing the deal’ remains valuable F&I tool

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SubPrime Auto Finance News Staff
Becky Chernek of Chernek Consulting appeared on the Auto Remarketing Podcast for her monthly visit to discuss F&I strategy. During this episode, Chernek explained why “rehashing the deal” can be a valuable process that can help dealerships, finance companies and ... [Read More]

White paper examines cloud technology for managing consumer debt communications

collections
SubPrime Auto Finance News Staff
Nordis Technologies recently unveiled a new white paper that asserted cloud-based customer communications management (CCM) technology enables billing and collections firms to keep up with proliferating rules and requirements for how they are allowed to communicate with consumers about delinquent ... [Read More]

Cox Automotive: Auto credit tightens for fourth straight month

dealertrack august 2022 index
SubPrime Auto Finance News Staff
Cox Automotive spotted a potential reason if your store is having more trouble getting deals bought through your network of finance companies. Access to auto credit declined for the fourth straight month in August, according to the Dealertrack Credit Availability ... [Read More]

Primeritus elevates Conners to be COO

job promotion
SubPrime Auto Finance News Staff
The leadership transformation of Primeritus Financial Services continued with an announcement the provider of recovery management, skip-tracing and remarketing shared on Monday. Already with a new chief executive officer and chief financial officer in place, Primeritus said it has promoted ... [Read More]

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