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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

APCO Holdings honored among the 2020 Best and Brightest Companies in the Nation

APCO award for web
SubPrime Auto Finance News Staff
APCO Holdings recently made it to a prestigious list of successful companies for the fifth time. The administrator of automotive F&I products and home to the EasyCare, GWC Warranty and MemberCare brands was named one of the 2020 Best and ... [Read More]

defi SOLUTIONS names new CEO

executive boardroom
SubPrime Auto Finance News Staff
There’s been a change in the top leadership position at defi SOLUTIONS. On Friday, the company that partners with captives, banks, credit unions and finance companies to help them transform their operations announced the appointment of Tom Allanson as chief ... [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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CPS receives $135M acquisition pitch from Auto Experience

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SubPrime Auto Finance News Staff
Quite an example of public negotiating surfaced on Thursday, with a subprime auto finance company that’s been in operation for nearly 30 years being called “significantly undervalued.” Auto Experience, a firm led by one of the founders of Exeter Finance ... [Read More]

CFPB emphasizes 3 elements for possible early termination of consent orders

CFPB building
SubPrime Auto Finance News Staff
Finance companies that reach consent orders with the Consumer Financial Protection Bureau received a bit more clarity about them this week. The bureau issued a policy statement on applications for early termination of consent orders that outlines process for entities ... [Read More]

PODCAST: Experian on growing depth, value of alternative data

podcast image
SubPrime Auto Finance News Staff
According to Experian’s latest State of Alternative Credit Data report, 80% of consumers feel including items such as utility or mobile phone payment history would have a positive impact on their credit score. And nearly 90% of finance believe alternative ... [Read More]

DriveTime fills new role with former Wells Fargo executive

DriveTime___Chase_McDonough for web
SubPrime Auto Finance News Staff
DriveTime created a new executive position and filled it on Wednesday with a former member of the investment team at Wells Fargo. According to a news release, taking on this newly created role as assistant vice president of corporate development ... [Read More]

Portfolio calls new spiff program a ‘game-changer’

Portfolio Accelerate_card for web
SubPrime Auto Finance News Staff
Getting a little extra in the paycheck certainly can help in a myriad of ways, especially nowadays. This week, Portfolio announced the launch of Portfolio Accelerate, a new spiff program for F&I professionals. Built upon a fully web-based platform, the ... [Read More]

ARA partners with ACV to sell repos from members’ storage facilities

ACV
SubPrime Auto Finance News Staff
The American Recovery Association is looking to smooth one of the most challenging parts of the recovery process through what the organization is calling a “ground-breaking” partnership with ACV Auctions. With access to ACV’s inspection services and active marketplace, ARA ... [Read More]

COMMENTARY: Considering data security in the times of COVID-19

wolters kluwer for web
Travis Ellis and Marina Hardy, Wolters Kluwer Lien Solutions
The global outbreak of COVID-19 and the subsequent shutdowns across our nation have made an unprecedented impact on lenders and the way they conduct business. From the pandemic’s onset, lenders have faced multiple external and internal challenges, and they continue ... [Read More]

4 major financial services cases now on Supreme Court docket

Supreme Court
SubPrime Auto Finance News Staff
The Supreme Court began its term on Monday with plenty of turmoil swirling following the passing of Justice Ruth Bader Ginsburg in September and the U.S. Senate wrangling over how quickly the highest court goes back to nine members. Nonetheless, Hudson ... [Read More]

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