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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

NJ governor signs law involving warranty notices from OEMs

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SubPrime Auto Finance News Staff
The Auto Care Association welcomed a New Jersey law that the Garden State’s governor recently signed in connection with a new mandate that automakers now have regarding vehicle warranties. The association recapped that last week New Jersey Gov. Phil Murphy ... [Read More]

ACA International adds to corporate legal team

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SubPrime Auto Finance News Staff
This week, ACA International added Colin Winkler as the association’s new corporate counsel at its Minnesota headquarters. Winkler, an attorney with 10 years of experience, previously served as an attorney editor with Thomson Reuters’ statutes editorial team, where he led ... [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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EFG Companies & Inovatec each pass rigorous data security tests

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SubPrime Auto Finance News Staff
EFG Companies and Inovatec are taking extra precautions to make sure the data their clients entrust to them remains safe and secure. Inovatec, a cloud-based software solutions provider, recently announced that it has completed its SOC 1 Type II and ... [Read More]

Survey: 6 privileges student loan borrowers would give up for debt forgiveness

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SubPrime Auto Finance News Staff
As your finance company’s underwriting department receives applications from your dealership network, there’s a notable possibility the person looking to acquire a vehicle also is carrying a fair amount of student loan debt. According to a recent estimate from the ... [Read More]

New website offers VSCs after vehicle delivery to increase dealer F&I sales

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SubPrime Auto Finance News Staff
Another provider entered the F&I marketplace this year to connect with consumers who did not opt to secure a vehicle service contract (VSC) at the time of their new- or used-vehicle purchase.   Vincent Odoardi, managing partner of Bedford Chrysler Dodge ... [Read More]

Hudson Cook partner among 4 picked for CFPB taskforce on federal consumer financial law

legal analysis
SubPrime Auto Finance News Staff
The American Financial Services Association applauded one of the first actions of 2020 made by the Consumer Financial Protection Bureau (CFPB). A Hudson Cook partner is among the four members who will serve on the bureau’s taskforce on federal consumer ... [Read More]

Veros Credit points to 2 components fueling origination gains and dealer satisfaction

auto financing
SubPrime Auto Finance News Staff
Veros Credit attributed two specific performance metrics and critical enhancements that pushed the subprime auto finance company to a record-breaking year in 2019 and boosted dealer satisfaction to an all-time high. According to a news release sent to SubPrime Auto ... [Read More]

Experian: Average credit scores at highest level in 9 years

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SubPrime Auto Finance News Staff
Experian confirmed what you might also be seeing in your F&I office or underwriting department. Consumer credit scores are generally getting a bit higher. According to its annual State of Credit report, Experian said Americans' average credit score has increased ... [Read More]

Secure Collateral Management reiterates payment pledge to repo agents

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SubPrime Auto Finance News Staff
Secure Collateral Management (SCM) highlighted that its network of repossession agents has grown by 300% since 2013. And the skip-tracing provider and forwarding company is looking to stay on that trajectory by reiterating its pledge about paying those agents when ... [Read More]

November auto defaults remain below recent cyclical peaks

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SubPrime Auto Finance News Staff
While default data for the closing month of 2019  is still a couple of weeks away from being released, S&P Dow Jones Indices and Experian previously shared their default metrics for November. And the auto-finance metric remained below the cyclical ... [Read More]

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