Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
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

JM&A Group launches new portal to streamline GAP claims

mygapclaim for web
SubPrime Auto Finance News Staff
Processing total-loss claims triggering GAP coverage can be one of the most complicated tasks in F&I. JM&A Group is trying to reduce some of the stress connected with them. In order to improve efficiency and fulfill payments in a more ... [Read More]

Experian releases Q1 data while anticipating ‘true impact’ of COVID-19

subprime credit report
SubPrime Auto Finance News Staff
Delinquency rates on auto financing declined during the first quarter, according to Experian’s latest State of the Automotive Finance Market Report. But Experian experts acknowledged the metrics might be ripe for change as the automotive industry grapples with the impact ... [Read More]

NAE/NWAN partners with Xzilon to enhance vehicle-protection products

NAE
SubPrime Auto Finance News Staff
National Automotive Experts and NWAN (NAE/NWAN) recently finalized a partnership with Xzilon involving a topic that concerns many vehicle buyers nowadays — sanitation. The newly formed partnership allows NAE/NWAN to offer Xzilon’s interior and exterior surface protection products. Xzilon is ... [Read More]

DOWC enhances products associated with COVID-19 with PaymentShield

DOWC payment shield for web
SubPrime Auto Finance News Staff
With unemployment still at significantly high levels, Dealer Owned Warranty Co. (DOWC) recently introduced a vehicle-payment assistance program to add to its suite of F&I products. The provider and administrator of F&I products explained PaymentShield can provide reimbursement for up to ... [Read More]

PODCAST: Verifying income during times of high unemployment

Jenn Reid at UCW
SubPrime Auto Finance News Staff
The U.S. Bureau of Labor Statistics (BLS) reported on Friday morning that nonfarm payroll employment increased by 2.5 million in May, and the unemployment rate declined by 1.4 percentage points to 13.3%. “These improvements in the labor market reflected a ... [Read More]

KBRA cautions finance companies about misuse of contract modifications

business forecasting
SubPrime Auto Finance News Staff
In a separate letter where the firm’s president and chief executive officer acknowledged, “the news will not always be positive,” Kroll Bond Rating Agency (KBRA) compiled a lengthy report this week, examining the potential long-term ramifications of finance companies making ... [Read More]

COMMENTARY: How to improve your compliance framework

best practices
Vladimir Kovacevic, Inovatec
Many automotive lenders face challenges today associated with maintaining compliance in all facets of their business. Automotive loan compliance requires knowledge of federal regulations that govern applications, processes and practices. While it can be assumed lenders strive to remain compliant to ... [Read More]

PWI unveils VSC enhancements, vehicle reclassifications, plan expansions and product discounts

line-cars-2
SubPrime Auto Finance News Staff
Preferred Warranties Inc. (PWI) is looking to give dealers more tools as they resume used-vehicle sales in the face of a COVID-19 retail slowdown. The KAR Global business unit on Wednesday announced comprehensive enhancements and savings on protection plan offerings. “Many ... [Read More]

PODCAST: Receivables Management Association International executive director on collections and more

podcast image
SubPrime Auto Finance News Staff
After being one of the experts who participated during a webinar orchestrated by DRN in April, Receivables Management Association International executive director Jan Stieger discussed collections and more during this special episode of the Auto Remarketing Podcast. Stieger also touched ... [Read More]

Wells Fargo to stop accepting consumer applications from ‘majority’ of independent stores

wells fargo for web
Nick Zulovich, Senior Editor
Wells Fargo closed 2019 by holding 3.67% of the auto-finance market, according to data from Experian Automotive shared exclusively with SubPrime Auto Finance News. That market share positioned the bank to rank sixth in Experian’s data set. But the decision ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X