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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

4 trends from CFPB’s April complaint update

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SubPrime Auto Finance News Staff
Along with offering more details about complaints originating in California, the Consumer Financial Protection Bureau released its latest monthly consumer complaint snapshot this week as the overall total continued to march toward 900,000. As of April 1, the CFPB said ... [Read More]

SpringboardAuto.com launches private party transaction financing in 3 states

money and car keys
SubPrime Auto Finance News Staff
SpringboardAuto.com rolled out its private-party transaction financing availability this week. With the company indicating more states in its network will be added soon, the online platform is now originating financing for buyers in Arizona, California, and Florida. SpringboardAuto.com chief executive ... [Read More]

Why VSCs can help navigate financing storms

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Brien Joyce, EFG Companies
One of the hot topics at the 2016 NADA Convention was the much debated subprime bubble in relation to rising delinquency rates. Again, industry experts worked to calm everyone’s nerves about Fitch Ratings’ latest report, which brought to everyone’s attention ... [Read More]

GM Financial’s prime originations climb above 68%

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Nick Zulovich, Senior Editor
General Motors Financial continues to move away from a company that predominantly generates subprime paper. During the first quarter when the company saw its net income rise to $164 million, representing a climb of 14 million, GM Financial president and ... [Read More]

RoadVantage GPS System to benefit dealers & consumers

sky and computer seamless
SubPrime Auto Finance News Staff
F&I program provider RoadVantage recently announced a new GPS anti-theft tracking system to provide greater security and safety for both dealers and their customers. RoadVantage claims it’s one of the first F&I providers to offer a GPS System coupled with ... [Read More]

Subprime growth: Worth watching, not panicking

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Joe Overby, Staff Writer
Yes, subprime auto lending has grown in recent years. However, don’t sound the alarm bells. This is not mortgage crisis 2.0. It’s probably not even subprime auto lending crisis 2.0. The level of subprime auto lending is not even close to ... [Read More]

Fitch expects floor plan ABS to remain stable

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SubPrime Auto Finance News Staff
Fitch Ratings not only is looking at how subprime auto ABS is behaving; the firm also investigated and projected how the dealer floor plan ABS sector should perform. Analysts think dealer floor plan ABS will remain stable despite Fitch’s expectation ... [Read More]

ProMax Unlimited rolls out 2nd soft credit pull solution

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SubPrime Auto Finance News Staff
Dealer Marketing Services, makers of ProMax Unlimited, unveiled the second of three soft credit pull solutions powered by Equifax data. On Monday, the company highlighted Instant Screen powered by Equifax is the latest version of its solution that can enable ... [Read More]

4 more NY dealer groups settle over packing credit repair into contracts

gavel and documents
SubPrime Auto Finance News Staff
This week, New York’s attorney general reached four separate settlements connected with 22 different rooftops in the New York City area for packaging credit repair and identity theft protection services into the vehicle installment contract; a similar practice that landed ... [Read More]

CPS finalizes $332M securitization

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SubPrime Auto Finance News Staff
Consumer Portfolio Services announced the closing of its second term securitization of the year earlier this week. The transaction is CPS’ 20th senior subordinate securitization since the beginning of 2011 and the third consecutive securitization to receive a triple-A rating ... [Read More]

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