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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

Nicholas acquires $19M of Platinum’s active portfolio

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SubPrime Auto Finance News Staff
One subprime auto finance company is absorbing much of the portfolio of another provider. On Thursday, Nicholas Financial announced today that it has entered into an agreement with Platinum Auto Finance to acquire approximately $19 million of Platinum’s active and ... [Read More]

California governor seeking to create CFPB-like agency

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SubPrime Auto Finance News Staff
According to an online post by the California Department of Business Oversight, Gov. Gavin Newsom’s proposed 2020-21 state budget includes a component that would modify the state regulatory structure to “cement California’s consumer protection leadership amidst a retreat on that ... [Read More]

Resolvion outlines new client success department

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SubPrime Auto Finance News Staff
This week, Resolvion announced the launch of its new client success team.  The skip-trace and repossession management firm explained the objective of this new initiative is to provide a more holistic and seamless approach to ensuring that client specific requirements ... [Read More]

SpinCar details dealer website tool to educate buyers about F&I product benefits

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SubPrime Auto Finance News Staff
SpinCar is looking to give dealers another education tool to benefit their F&I sales strategies. During NADA Show 2020 in Las Vegas, the digital automotive merchandising software provider launched an F&I merchandising solution designed to integrate directly with dealer website ... [Read More]

iLendingDIRECT chief executive officer receives another accolade for women

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SubPrime Auto Finance News Staff
Nancy Fitzgerald, co-founder and chief executive officer of iLendingDIRECT Auto Refinancing, recently was named one of the 2020 Top 25 Most Powerful Women in Business by the Colorado Women’s Chamber of Commerce. The award, now in its eighth year, has ... [Read More]

700Credit partners with NCompassTrac to boost credit-driven dealer campaigns

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SubPrime Auto Finance News Staff
As dealerships continually strive for ways to improve the quality and accuracy of targeted marketing campaigns, 700Credit and NCompassTrac understand that knowing the disposition of the customer credit velocity is critical. With that thought in mind, 700Credit partnered with NCompassTrac ... [Read More]

Open Lending adds 77 lenders to platform in 2019

online auto financing
SubPrime Auto Finance News Staff
Open Lending recently shared how successful 2019 was for the firm that strives to help finance companies take prudent risk in the subprime space. The provider of a unique auto lending enablement platform with default insurance signed 77 new finance ... [Read More]

Auto defaults start 2020 below 1%

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SubPrime Auto Finance News Staff
While the composite reading might be in the midst of rising for three consecutive months, the auto portion of the S&P/Experian Consumer Credit Default Indices posted a decrease to begin 2020. On Tuesday, S&P Dow Jones Indices and Experian released ... [Read More]

Awards submissions for NARS 2020 now open

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SubPrime Auto Finance News Staff
Organizers of the North American Repossessors Summit (NARS) have announced the opening of nominations for their second annual Industry Awards. Designed to honor exemplary repossession professionals, this year’s award categories include Recovery Agent of the Year, Service Representative of the ... [Read More]

TransUnion examines depth Gen Z is using auto financing

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Nick Zulovich, Senior Editor
Your portfolio might be filling with contract holders from Generation Z — consumers born in or after 1995. Recent research from TransUnion showed that this generation isn’t necessarily just staring at smartphone constantly. These individuals also are getting behind the ... [Read More]

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