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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

AUL promotes 2 execs to senior vice president roles

job promotion
SubPrime Auto Finance News Staff
AUL Corp. recently solidified its top-tier executive team in response to the firm’s rapid growth and expansion into a full-service F&I provider. AUL president and chief executive officer Jimmy Atkinson announced a pair of promotions, elevating Jason Garner to be ... [Read More]

PassTime and masterQueue finalize strategic partnership at AIS 2019

AIS picture by Jonathan for web
SubPrime Auto Finance News Staff
Cherokee Media Group orchestrated the Automotive Intelligence Summit, so technology-driven companies could interact and network, possibly producing enhanced relationships like the one PassTime and masterQueue announced. As AIS 2019 unfolded this week in North Carolina’s Research Triangle, PassTime, a leading ... [Read More]

CPS modifies staff structure to improve dealer services

dealership employee
SubPrime Auto Finance News Staff
Coinciding with the release of its second-quarter performance, Consumer Portfolio Services also discussed a structural reorganization of sales representatives and origination staff to cater to dealerships in its origination network more effectively. CPS reported this week that it closed the ... [Read More]

CFPB: More than 1 in 4 consumers with a credit report have debt in collections

collections
SubPrime Auto Finance News Staff
If a representative from your collections department is trying to find the person who is behind on their vehicle retail installment sales contract, a reasonable chance exists that other organizations are seeking the whereabouts of that individual, too, because of ... [Read More]

Budco Financial integrates with Darwin Automotive

partnership
SubPrime Auto Finance News Staff
On Monday, Budco Financial announced the integration of its 0% payment plan services into the entire suite of Darwin Automotive F&I software solutions. Officials explained Budco Financial’s addition to the Darwin F&I and Service menus, digital retailing solution and the new ... [Read More]

Subprime US auto loan ABS performance mixed in May

investment picture
SubPrime Auto Finance News Staff
Collateral performance in the subprime U.S. auto loan asset-backed securities (ABS) sector in May was mixed, according to the most recent S&P Global Ratings report. Analysts discovered subprime auto loan ABS month-to-month declines in both losses and recoveries during May. ... [Read More]

Hurzeler continuing leadership career with Flagship

board-room
SubPrime Auto Finance News Staff
A recognized name in the auto-finance space now is leading Flagship Credit Acceptance, which is setting its sights on continued growth. The finance company announced this week that Bob Hurzeler joined Flagship as its chief executive officer and as a ... [Read More]

Westlake sets company ABS record with 5th consecutive offering above $1B

money-stack
SubPrime Auto Finance News Staff
This week, Westlake Financial Services finalized another securitization above $1 billion, setting a new company record in the process. Westlake announced the closing of its 19th asset-backed securitization (WLAKE 19-2) at $1.2 billion. This latest securitization is the largest ever ... [Read More]

FASB board takes step to delay CECL implementation

accounting image
Nick Zulovich, Senior Editor
Perhaps accounting specialists at some auto-finance companies and buy-here, pay-here dealerships can exhale a bit as major new mandates involving how they track bad debts might not be implemented for another year. An update from the Financial Accounting Standards Board ... [Read More]

ARA unveils new health insurance program for members

news update
SubPrime Auto Finance News Staff
The American Recovery Association is looking to help members with one of the most important benefits repossession agencies can offer their employees. This week, ARA, in partnership with Harding Brooks Insurance Agency, announced the newest member benefit: a national, cost-effective ... [Read More]

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