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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

Lending Club unveils refinancing product

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SubPrime Auto Finance News Staff
Lending Club, which claims to be the world's largest online marketplace connecting borrowers and investors, this week announced the launch of an auto refinance product that is designed to give vehicle owners a simple solution to save money on their ... [Read More]

September default rate ties year-high

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SubPrime Auto Finance News Staff
The auto default reading S&P Dow Jones Indices and Experian reported for September tied the highest mark of the year, coming in at 1.05 percent. Ticking up 4 basis points on a sequential basis left the September reading at the ... [Read More]

What CFPB is doing through Project Catalyst

Corday at Money 20-20 for SPN
SubPrime Auto Finance News Staff
Consumer Financial Protection Bureau director Richard Cordray generated attention on Monday, and this time it wasn’t connected with an enforcement action and millions of dollars in restitution and fines. Rather, Cordray shared some insight about an endeavor called Project Catalyst, a ... [Read More]

19 institutions join launch of mobile payment tool

businesswoman using smartphone
SubPrime Auto Finance News Staff
The potential for more vehicle installment contract holders in your portfolio to use their smartphone to make regular payments to keep their auto financing current took another step forward on Monday. Early Warning announced preliminary details of a tool named ... [Read More]

Latest S&P analysis reflects back on 2007-09 ABS performance

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SubPrime Auto Finance News Staff
With outstanding auto loan balances reaching a record $1.1 trillion as of June 30 and concern growing about the sector’s health, S&P Global Ratings recently analyzed the resiliency of auto loan asset-backed securities (ABS) ratings through the Great Recession of ... [Read More]

Next winner of Subprime Auto Finance Executive of the Year Award

New Ozzie Ramos for SPN
Nick Zulovich, Senior Editor
SubPrime Auto Finance News has announced the winner of the fourth annual Subprime Auto Finance Executive of the Year Award, which is again sponsored by Black Book Lender Solutions. The honoree — who will receive the award during the SubPrime Forum at ... [Read More]

First 2 components of GM Financial’s community initiative

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SubPrime Auto Finance News Staff
In an effort to broaden support of customers and the community, General Motors Financial launched what the finance company dubbed its Mobility Initiative, a multifaceted effort aimed at empowering and enriching local communities through financial education and resources, along with ... [Read More]

GWC Warranty names strategic brand manager

new hire
SubPrime Auto Finance News Staff
This week, used-vehicle service contract and related finance and insurance product provider GWC Warranty announced the addition of Therese Pramick as its new strategic brand manager. As a member of the marketing department, the company explained Pramick will be responsible ... [Read More]

Why Carvana’s prequalification program is unique

loan approval
SubPrime Auto Finance News Staff
FactorTrust vice president of auto finance Scott Brackin viewed the move made by Carvana to launch a prequalification financing program as more than just a lever the online auto retailer is pulling to turn used vehicles. What piqued Brackin’s interest ... [Read More]

CPS satisfied with Q3 results despite drop in originations

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Nick Zulovich, Senior Editor
Consumer Portfolio Services chairman and chief executive officer Brad Bradley acknowledged that he thought the company would operate like other subprime auto finance providers during the third quarter — tightening up underwriting and not booking as much paper. Turns out ... [Read More]

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