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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

FTC begins sending refunds to consumers harmed by NY Honda dealer

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SubPrime Auto Finance News Staff
The Federal Trade Commission announced this week that the regulator began to send refunds totaling nearly $1.5 million to individuals who were affected by allegedly unlawful financing and sales practices by Bronx Honda. The actions stem from a settlement reached ... [Read More]

Global survey highlights top 18 things people leave in their vehicles

dirty car interior
SubPrime Auto Finance News Staff
End of Tenancy Cleaning — a service provider based in the United Kingdom — recently surveyed 3,230 people from across the globe, asking them, “What are some of the grossest things you have had in your car that you may ... [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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TransUnion pinpoints depth of COVID-19 impact on originations

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SubPrime Auto Finance News Staff
A TransUnion financial hardship survey in late October showed that more than half of Americans — 54% to be exact — said they have been financially impacted by the COVID-19 pandemic. And TransUnion’s origination data for both auto financing and ... [Read More]

COMMENTARY: What dealer compliance will look like in a Biden administration

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Randy Henrick, Ignite Consulting Partners
Joe Biden’s victory likely will usher in a new era of consumer protection and compliance challenges for auto dealers.  Four out of the five Federal Trade Commission (FTC) Commissioners will have their terms expire during the Biden Administration.  President-Elect Biden ... [Read More]

CFPB enters complicated consent order with auto-finance payment firm

money-stack
SubPrime Auto Finance News Staff
A firm that was supposed to pull funds from contract holders’ bank accounts and deliver the money to auto-finance companies entered into a consent order with the Consumer Financial Protection Bureau this week. And in a twist, the penalties levied ... [Read More]

How Westlake navigated through pandemic-triggered contract modifications

person on phone near cars
SubPrime Auto Finance News Staff
Westlake Financial senior vice president of collections Brian Renfro knew his team was facing an incredible challenge. TransUnion’s industry-wide data showed the percentage of auto-finance contracts in financial hardship quickly rose as the pandemic intensified, jumping from 0.64% in March ... [Read More]

ARA reiterates 3 points about handling personal property in repossessed vehicles

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SubPrime Auto Finance News Staff
The American Recovery Association (ARA) recently distributed a message to the industry, reiterating its positions regarding personal property in repossessed vehicles. The move was triggered by the $5 million settlement Nissan’s captive finance company reached with the Consumer Financial Protection ... [Read More]

Nortridge launches podcast hosted by current NAF Association president

joel podcast for web
SubPrime Auto Finance News Staff
Nortridge Software is also getting into the podcast business. The provider of loan management software designed to apply more automation to origination and servicing recently announced the launch of the ConsumerFi Podcast, which will be hosted by Nortridge director of ... [Read More]

KBRA sees potential for normal delinquency & loss patterns

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SubPrime Auto Finance News Staff
Perhaps Kroll Bond Rating Agency (KBRA) offered evidence that the atmosphere in auto financing might actually be returning to normalcy, especially when it comes to delinquency and losses. In April, KBRA placed 229 securities on watch across the unsecured consumer ... [Read More]

Darwin, SWDS partner to boost F&I and digital retail sales platform

darwin SWDS for web
SubPrime Auto Finance News Staff
SouthWest Dealer Services finalized a strategic partnership with Darwin Automotive last week. The provider of F&I and anti-theft programs as well as related training services for dealerships announced its new connection with Darwin to expand SWDS’ digital retail sales platform ... [Read More]

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