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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

Open Lending reinforces executive team with 2 new VPs

new hire
SubPrime Auto Finance News Staff
Open Lending recently added a pair of new executives, who combine to possess more than 30 years of industry experience. The provider analytics, risk-based pricing and automated decision technology for credit unions and other auto finance companies hired Brice Beard ... [Read More]

Auto ABS analysis: Overall stability seen in 2019 but 2020 begins with some softening

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SubPrime Auto Finance News Staff
S&P Global Ratings indicated the U.S. auto loan asset-backed securities (ABS) market remained “healthy” last year and started 2020 on “solid ground.” But a separate report from Kroll Bond Rating Agency (KBRA) showed auto loan ABS credit performance softened in ... [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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ARA University set be unveiled during NARS 2020

NARS 2020 image for web
SubPrime Auto Finance News Staff
Along with the opportunity to reconnect with other industry operators, the American Recovery Association is using this year’s North American Repossessors Summit to unveil a new program that’s been in development for several years. During NARS 2020, the association will ... [Read More]

DOWC unveils protection plan for trades involved in accidents

vehicle claims process_0
SubPrime Auto Finance News Staff
Your potential customer has what could be a great trade; a vehicle that will stand tall on the front line and probably turn quickly. But then that vehicle is involved in an accident. To help all parties involved, Dealer Owned ... [Read More]

Experian: Prime paper continues to rise in used financing

money, crystal ball_787102489
SubPrime Auto Finance News Staff
Experienced dealership managers and finance company executives might remember a juncture when subprime permeated much of used-vehicle financing. People with softer credit profiles opted for less-expensive used vehicles with a contract they could manage and risk that the provider deemed ... [Read More]

UPDATED: Impact surprise Fed rate cut could leave on auto financing

Powell surprise cut for web
Nick Zulovich, Senior Editor
The Federal Reserve sensed the U.S. economy is becoming ill stemming from the COVID-19 coronavirus outbreak, so policymakers made the surprise move on Tuesday by cutting the target range for the federal funds rate by 50 basis points to 1.00% ... [Read More]

February average ARPs remain stable as retail prices climb again

auto financing
SubPrime Auto Finance News Staff
As purchase preferences continue to skew toward SUVs and trucks, pushing average prices higher, Edmunds noticed what those buyers are being charged to finance that acquisition remained stable in February. Edmunds reported on Tuesday the average interest rate for new-vehicle ... [Read More]

Two former NY Hyundai store managers indicted for elaborate $1.5M fraud scheme involving Chase

fraud magnifying glass
SubPrime Auto Finance News Staff
New York authorities recently indicted a pair of former managers at an Empire State Hyundai dealership, alleging they defrauded the franchised store and JPMorgan Chase of more than $1.5 million. Westchester County District Attorney Anthony Scarpino Jr. announced that James Castellano ... [Read More]

New York AG: Automotive ranks third in 2019 consumer complaints

news pic
SubPrime Auto Finance News Staff
New York Attorney General Letitia James opened National Consumer Protection Week on Monday by releasing the list of top 10 consumer fraud complaints received by her office in 2019. Automotive complaints didn’t top the list, the attorney general indicated issues ... [Read More]

New Digital Air Strike tool leverages credit data to pinpoint best vehicle for potential buyer

cars in showroom
SubPrime Auto Finance News Staff
Digital Air Strike rolled out two new tools earlier this month, one specifically aimed at shortening the time of vehicle delivery when financing is involved. After 10 years of monitoring and managing consumer sentiment, Digital Air Strike said it has ... [Read More]

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