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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

Darwin Automotive highlights mobile capability of U-Draw

person on phone near cars
SubPrime Auto Finance News Staff
Just like the concept of the four square and first pencil helped dealership personnel explain financing details to potential buyers with paper and writing utensils, the latest solution from Darwin Automotive is using some of the same fundamentals while leveraging ... [Read More]

Study: 56% of US businesses not fully prepared to meet CCPA requirements

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SubPrime Auto Finance News Staff
The California Consumer Privacy Act (CCPA) certainly is complicated. It’s why an entire panel discussion about it was conducted during this summer’s Automotive Intelligence Summit. Furthermore, a recent PossibleNOW study showed 56% of U.S. businesses polled reported they do not ... [Read More]

Credit Acceptance completes $500M securitization, receives another workplace award

money-stack
SubPrime Auto Finance News Staff
As the subprime auto finance company collected another workplace award, Credit Acceptance Corp. also announced an update this week involving its latest securitization. Credit Acceptance completed a $500.0 million asset-backed non-recourse secured financing.  Pursuant to this transaction, the company contributed ... [Read More]

Westlake & MobilityWorks partner to finance wheelchair accessible vehicles

MobilityWorks for web
SubPrime Auto Finance News Staff
Westlake Financial Services is looking to help dealership customers who have special needs when they make their next vehicle purchase while helping a business partner achieve the objective of “accessibility for all.” This week, Westlake announced a partnership with MobilityWorks, ... [Read More]

Toyota to handle captive chores for Mazda

2019_Mazda_CX-5 for web
SubPrime Auto Finance News Staff
When Mazda vehicles roll over the curb at one of the automaker’s franchised dealerships, there’s now a likelihood the preceding floorplan and newly signed retail installment contract or vehicle lease likely will be connected to Toyota. According to a filing ... [Read More]

PODCAST: DRN’s Jeremiah Wheeler recaps Auto Intel Summit appearance, looks ahead to Used Car Week

Jeremiah Wheeler at AIS 2019
SubPrime Auto Finance News Staff
One of the most frequent guests on the Auto Remarketing Podcast is back for another episode. DRN’s Jeremiah Wheeler recapped his TED-style presentation during this summer’s Auto Intel Summit along with looking ahead to Used Car Week, which begins on ... [Read More]

ADCO adds Henrick to board of directors

compliance
SubPrime Auto Finance News Staff
One of the regular contributors published within SubPrime Auto Finance News is taking on another industry responsibility. Linda Robertson, executive director of the Association of Dealership Compliance Officers (ADCO), announced on Wednesday that Randy Henrick has joined ADCO’s board of ... [Read More]

2 financing components fuel WalletHub’s Labor Day weekend sales projection

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SubPrime Auto Finance News Staff
Your finance company's underwriting department should be quite busy during the next few days if the newest research from WalletHub is any indication. Despite business headlines chronicling the travails of the stock market and international trade clashes, WalletHub projected that ... [Read More]

Ally survey: Millennials & Gen Z spending more on vehicle repair & maintenance

Ally_Financial_vehicle_repairs for web
SubPrime Auto Finance News Staff
Younger consumers are paying more for vehicle repairs than their older counterparts, according to a survey orchestrated by Ally Financial, which also reinforced the value of vehicle service contracts. A recent Ally survey conducted online by The Harris Poll among ... [Read More]

DealerSocket’s Precise Price now integrated within F&I Express

online car shopping
SubPrime Auto Finance News Staff
At its recent User Summit, DealerSocket lauched a new integration between the software company’s Precise Price digital retailing solution and F&I Express’ network of approximately 160 F&I product providers. The companies highlighted this new combination can enable an even more ... [Read More]

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