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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

Economic & investment outlooks all hinge on common thread

covid flag and cash
Nick Zulovich, Senior Editor
The prognosis for the economy, finance companies and investors continues to be mixed since experts and policymakers keep pointing toward a factor that has shown to be incredibly difficult to control. Cox Automotive, the Federal Reserve, the National Association of ... [Read More]

Advantage GPS acquires Asset Tracking Technology

David Meyer with logo for web
SubPrime Auto Finance News Staff
Mergers and acquisitions continue to permeate the entire automotive industry. Tuesday’s public development involved the GPS and risk mitigation spaces. Advantage GPS announced the acquisition of Michigan-based Asset Tracking Technology, a distributor of GPS tracking devices for finance companies, buy-here, ... [Read More]

SEC charges former Honor Finance principals with securitizations fraud

SEC image
SubPrime Auto Finance News Staff
Oftentimes when a federal regulator charges after a subprime auto finance company, it’s the Consumer Financial Protection Bureau or the Federal Trade Commission doing the investigations and handing out enforcement actions. Last week, it was the Securities and Exchange Commission ... [Read More]

RateGenius rolls out new digital auto refinance tool

loan finder for web
SubPrime Auto Finance News Staff
As consumers repair their credit profiles, many individuals are looking to improve the terms of their retail installment contract for their vehicle. RateGenius is looking to help those particular people and other contract holders looking to see if they can ... [Read More]

Startup aimed at connecting independent dealers & finance companies opens crowdfunding campaign

Loan_Automatic_1 for web
SubPrime Auto Finance News Staff
Automatic is trying to modernize what the fintech startup is calling an “outdated, fragmented independent dealer financing ecosystem.” And it’s leveraging an equity crowdfunding campaign to continue on its path. On Friday, Automatic announced the effort to generate resources for ... [Read More]

Auto defaults rise again in August with evidence pointing to more

application
SubPrime Auto Finance News Staff
Auto defaults are slowly ticking up again, and the seeds for more might be germinating, too, as shown by the data assembled and shared by Cox Automotive, Equifax, Experian and S&P. [Read More]

SCUSA chooses Womack to succeed Broderick as operations head

marc womack for web
SubPrime Auto Finance News Staff
Santander Consumer USA is set to become a private company. And the provider will do so with a new head of operations. According to a news release distributed on Wednesday, Santander named Marc Womack as head of operations in a ... [Read More]

700Credit & TradeVue form product alliance to help consumers & dealers

car-interior
SubPrime Auto Finance News Staff
Two firms that look to offer critical information to help potential vehicle buyers navigate the path toward financing now are working together. Officials from 700Credit — a leading provider of credit reports, compliance solutions and soft pull products — recently ... [Read More]

Debexpert expands online auction, adding performing paper to charged-off offerings

debexperts northwest acceptance
Nick Zulovich, Senior Editor
Debexpert chief executive officer Ivan Korotaev has run financial services companies with presences throughout Europe and southeast Asia. Korotaev then saw potential success for an online auction of the sale of bad debts here in the United States. Debexpert not ... [Read More]

KBRA carefully explains softening credit performance

KBRA september chart for web
SubPrime Auto Finance News Staff
The word choices Kroll Bond Rating Agency (KBRA) used to describe its latest auto-finance indexes might be reassuring to executive and managers even if their collections are deteriorating. KBRA reported on Monday that August remittance reports showed softening credit performance ... [Read More]

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