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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

KBRA: Delinquencies remain below pre-pandemic readings

coronavirus image red and blue
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) spotted delinquency increases in both the prime and non-prime market segment in January, but analysts see metrics remaining on “solid footing” at least in the short term. According to the firm’s latest report looking at January ... [Read More]

Securitization updates from Arivo Acceptance & Credit Acceptance

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SubPrime Auto Finance News Staff
As Arivo Acceptance closed on its second securitization, paving the way for continued growth and expansion, S&P Global Ratings revised its outlook on Credit Acceptance to stable from negative after that finance company completed its latest securitization. Last week, Credit ... [Read More]

Black Book & Constant partner to reduce credit losses, increase recoveries

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SubPrime Auto Finance News Staff
Black Book and Constant now are working together in an effort to help auto finance companies successfully navigate the potential rise in delinquencies and repossessions. Black Book enhanced data and analytics, including vehicle valuations, now have been integrated within the ... [Read More]

Portfolio among top Texas workplaces for 5th straight year

trophies
SubPrime Auto Finance News Staff
Portfolio found a way to get its collective minds off of the frigid conditions currently in the Lone Star State at least for a little while this week. The provider of F&I products and reinsurance programs announced it was again ... [Read More]

US Equity Advantage unveils updated version of AutoPayPlus University

training
SubPrime Auto Finance News Staff
US Equity Advantage (USEA) approaches its business activities with the strategy that a well-done onboarding program enhances work performance, boosts job satisfaction, fosters company loyalty and lowers employee turnover rates. Based on that premise, the biweekly installment contract payment service ... [Read More]

TransUnion: Subprime lags, though overall auto originations rebound

subprime auto financing
SubPrime Auto Finance News Staff
TransUnion discovered that finance companies originated paper at an overall pace during the third quarter of last year resembling what analysts spotted during Q3 of 2019. When looking closer at the subprime market, however, TransUnion found originations are lagging. Analysts ... [Read More]

PODCAST: Nicholas Financial president and CEO on subprime vitality & more

Doug Marohn with logo for web
SubPrime Auto Finance News Staff
Nicholas Financial president and chief executive officer Doug Marohn is back on the podcast for a discussion about the pandemic, fraud and the vitality of the subprime auto finance market. To listen to this episode, click on the link available below, ... [Read More]

Why S&P Global Ratings remains upbeat about auto ABS loss metrics

car and coins
SubPrime Auto Finance News Staff
S&P Global Ratings is observing what it dubbed “generally better-than-expected loss results,” according to its latest report on the auto loan ABS market. And analysts gave an upbeat forecast for the trends to continue this year as unemployment levels tick ... [Read More]

Prestige hires former Mercedes-Benz captive executive

Bradley Bitner for web
SubPrime Auto Finance News Staff
An executive who spent nearly 20 years with a luxury OEM’s captive finance company now is part of the leadership team at Prestige Financial Services. On Friday, the affiliate of The Larry H. Miller Group of Companies named Bradley Bitner ... [Read More]

SAFCO welcomes Gang as senior risk officer

Kenneth Bang for web
SubPrime Auto Finance News Staff
SAFCO added an executive whose experience includes time with one of the subprime auto finance company’s competitors as well as posts with a large bank and an automaker's captive. Entrepreneur and fintech veteran Kenneth Gang recently joined SAFCO as its ... [Read More]

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