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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

6 EFG executives project F&I activities during first half of 2021

2021 car ignition
SubPrime Auto Finance News Staff
Several industry forecasts already have been released, including one focused on overall used-vehicle sales, retailing of certified pre-owned models as well as the potential swelling of repossessions. This week, six executives from EFG Companies shared their expectations for how the ... [Read More]

Auto defaults remain unchanged in December

december default chart for web
SubPrime Auto Finance News Staff
Much on the default front remained unchanged to close 2020. Among the readings to finish the last year in that category was auto default. According to data through December released Tuesday by S&P Dow Jones Indices and Experian, the December ... [Read More]

Vehicle Affordability Index improves to close 2020

cox moodys december chart for web
SubPrime Auto Finance News Staff
For consumers hoping they could stretch their finances to acquire a new vehicle, the newest Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI) offered a bit of uplifting news on Friday. Analysts discovered affordability improved in December, as represented by median ... [Read More]

Biden reveals nominees to lead CFPB & SEC

chopra gensler for web
Nick Zulovich, Senior Editor
President-Elect Joe Biden announced a number of key administration posts on Monday, including his choices to lead the Consumer Financial Protection Bureau and the Securities and Exchange Commission. Biden picked Rohit Chopra, currently a commissioner with the Federal Trade Commission, ... [Read More]

Vanguard Dealer Services promotes 2 veteran executives

vds-glss-logo for web
SubPrime Auto Finance News Staff
Vanguard Dealer Services chief executive officer James Polley announced two promotions this week of long-time executive within the company, a firm that has provided automotive consulting, dealership training and F&I products and services since 1999. Through a news release, the ... [Read More]

Payix highlights 3 accomplishments during record-breaking year

payix imagery for web
SubPrime Auto Finance News Staff
The pandemic and industry challenges created by COVID-19 didn’t slow Payix. This week, the provider of white-labeled collection tools and payment processing services to finance companies and loan servicers announced record-breaking achievements in 2020 in spite of those significant, well-known macro-economic headwinds. ... [Read More]

EFG Companies looks to future with new EVP of dealer services

Scott Kaskocsak for web
SubPrime Auto Finance News Staff
With an eye toward current F&I business as well as where that segment could go after the pandemic, EFG Companies welcomed a former senior executive at Cox Automotive to its leadership team on Thursday. Scott Kaskocsak, who previously was the senior ... [Read More]

Cox Automotive predicts ‘significant’ climb in repo volume

money-key
Nick Zulovich, Senior Editor
Cox Automotive estimates that repossession volume will make a “significant” rise in 2021 compared to last year. According to data shared during Friday’s Cox Automotive Industry Insights 2021 presentation, repossession volume in 2020 softened to the lowest level in five ... [Read More]

Report: Value consumers get for GAP coverage continues to rise

amtrust graphic for web
SubPrime Auto Finance News Staff
A report compiled by AmTrust Financial Services showed how much value consumers are getting from F&I products, especially guaranteed asset protection (GAP) coverage as well as owners who operate their vehicles where weather and road conditions are poor. The AmTrust ... [Read More]

Remitter USA now has new CEO & VP of sales

remitter for web
SubPrime Auto Finance News Staff
Remitter USA is beginning its journey through 2021 with revamped leadership, including a new chief executive officer and vice president of sales. Now overseeing the white-labeled digital communications platform powered by artificial intelligence that can help finance companies maximize revenue ... [Read More]

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