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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

ACA International adds collections industry award winner to board

Tim Haag for web
SubPrime Auto Finance News Staff
The ACA International board of directors selected an interim director during its meeting last week. The organization that brings together third-party collection agencies, law firms, asset buying companies, creditors and vendor affiliates welcomed Tim Haag to serve on its board. ... [Read More]

DriveItAway partners with another fintech firm to help consumers rebuild credit

driveitaway for web
SubPrime Auto Finance News Staff
DriveItAway is continuing to forge partnerships to help dealerships turn vehicles while giving consumers the opportunity to secure transportation and rebuild their credit. Via a news release distributed Tuesday, the provider of subscription to ownership technology that can enable anyone, ... [Read More]

Right Direction Financial Services to leverage Scienaptic AI-powered platform

right direction for web
SubPrime Auto Finance News Staff
After recently forging a relationship with an independent dealership group, Scienaptic bolstered its client roster of independent finance companies on Monday. The credit decision platform provider fueled by artificial intelligence now is working with Right Direction Financial Services, which looks ... [Read More]

Cox Automotive/Moody’s Analytics Vehicle Affordability Index sets new record in July

July-Vehicle-Affordability-Index-chart for web
SubPrime Auto Finance News Staff
No matter where the individual might land on the credit spectrum, the financial capability needed to acquire a new vehicle is now at the most difficult point ever seen by experts from Cox Automotive and Moody’s Analytics. According to the ... [Read More]

3 ingredients of ‘Disciplined Listening Method’ that could help in F&I

best practices
SubPrime Auto Finance News Staff
An expert from outside of the auto-finance industry offered three recommendations that could help F&I professionals work with potential customers who are not sitting in person across the desk from them in the finance office. InQuasize president Michael Reddington is ... [Read More]

PODCAST: Industry update with NAF Association president Joel Kennedy

Joel Kennedy at UCW
SubPrime Auto Finance News Staff
National Automotive Finance Association president Joel Kennedy appeared again on the Auto Remarketing Podcast less than three weeks ahead of the Non-Prime Auto Financing Conference that begins on Aug. 30 in Plano, Texas. Kennedy discussed how the organization is continuing after ... [Read More]

US Equity Advantage leader among Orlando CEOs of the Year

Robert Steenbergh award image for web
SubPrime Auto Finance News Staff
Robert Steenbergh is being rewarded for executive leadership that began long before the pandemic. According to a news release, the US Equity Advantage (USEA) founder and chief executive officer has been named one of the 2021 CEOs of the Year ... [Read More]

KBRA forecasts softening recovery rates as used-vehicle prices dip

KBRA recovery chart for web
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) released new research on Tuesday that analyzed the impacts of “skyrocketing” used-vehicle prices on auto finance credit performance metrics, as well as discusses future implications as the economy marches toward a return to pre-pandemic norms. [Read More]

TransUnion pinpoints how high credit scores could jump if rent payments are integrated

for rent image
SubPrime Auto Finance News Staff
TransUnion sees consumers who rent where they live as constituting as much as half of the individuals who possess non-prime or lower credit profiles; if they even have a credit score at all. Credit bureau analysts see that if rent ... [Read More]

House members consider new resources to help FTC

FTC building
SubPrime Auto Finance News Staff
The Subcommittee on Consumer Protection and Commerce of the U.S. House Committee on Energy and Commerce recently conducted a hearing on how best to modernize the Federal Trade Commission. With all five current commissioners participating, the subcommittee deliberated 16 proposals ... [Read More]

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