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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

Clarion Capital Partners invests in OpenRoad Lending

openroad lending for web
SubPrime Auto Finance News Staff
With some consumers benefitting from refinancing their retail installment contract, the investment world is seeing an opportunity, too. On Monday, OpenRoad Lending and Clarion Capital Partners announced that the New York-based private equity firm that focuses on making equity investments ... [Read More]

RateGenius spots lowest average refinancing rate so far in 2021

auto financing
SubPrime Auto Finance News Staff
RateGenius’ monthly Auto Refinance Rate Report found that the average overall auto refinance interest rate for August came in the lowest of any month so far this year. [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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AutoPayPlus unveils fintech solution to increase dealer profit

salesperson
SubPrime Auto Finance News Staff
AutoPayPlus acknowledged every dealership’s primary business goal and ongoing challenge revolve around one, single metric: profit. To help managers and principals in that department, AutoPayPlus unveiled an all-new solution this week designed to increase profit per vehicle and service retention ... [Read More]

LAUNCHER.SOLUTIONS & Carleton complete integration to enhance contract compliance

partnership gears
SubPrime Auto Finance News Staff
LAUNCHER.SOLUTIONS and Carleton recently finalized an integration of two of their primary products that serve finance companies. The integration involves the appTRAKER Loan Origination System LAUNCHER.SOLUTIONS with CarletonCalcs from Carleton. The companies explained through a news release that CarletonCalcs is ... [Read More]

NAF Association adds 3 executives to board of directors

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SubPrime Auto Finance News Staff
After last week’s 25th annual Non-Prime Auto Financing Conference, the National Automotive Finance Association made three new additions to its board of directors. According to messages sent to SubPrime Auto Finance News, the new NAF Association board members are: — ... [Read More]

APCO Holdings acquires Strategic Diversified to boost F&I presence in the Mid-Atlantic region

APCO for web
SubPrime Auto Finance News Staff
Acquisitions in the F&I space are starting to intensify just like what’s been happening in the dealership sector for some time now. On Tuesday, APCO Holdings — home to the EasyCare, GWC Warranty and MemberCare brands — announced that it ... [Read More]

PODCAST: Davis+Gilbert’s Joseph Cioffi on vehicle-titling challenges

podcast image
SubPrime Auto Finance News Staff
Joseph Cioffi, partner at Davis+Gilbert and orchestrator of the Credit Chronometer, returned for another episode of the Auto Remarketing Podcast; this time recorded in person during the Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association. Cioffi and ... [Read More]

WalletHub: 87M vehicle shoppers on the hunt this Labor Day weekend

wallethub labor day image for web
SubPrime Auto Finance News Staff
According to a nationally representative survey conducted by personal finance website WalletHub, 87 million Americans will look at vehicles to buy this Labor Day weekend. And WalletHub’s 2021 Labor Day Weekend Survey showed that the top two considerations potential buyers ... [Read More]

Location Services exits direct recoveries to focus on forwarding & LPR business lines

location services for web
SubPrime Auto Finance News Staff
COVID-19 is prompting Location Services to make significant changes. After being impacted by the pandemic, the company announced on Thursday that it has made the decision to exit the direct recovery space and focus on building its existing forwarding model, ... [Read More]

Credit Acceptance becomes 5th finance company to settle with Massachusetts AG

legal analysis
SubPrime Auto Finance News Staff
Both a large subprime auto finance company and a state attorney general seemed pleased to announce a settlement between them that is involving more than $27 million. On Wednesday, Credit Acceptance became the fifth different finance company to finalize a ... [Read More]

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