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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

CFPB complaint total rises to 726K

complaint department
SubPrime Auto Finance News Staff
As of Oct. 1, the Consumer Financial Protection Bureau reported that the agency has handled 726,000 complaints nationally. Along with a closer look at complaints coming from Chicago, officials noted some of the highlights from the statistics in this month’s ... [Read More]

ProMax Unlimited unveils 1st of 3 new soft pull solutions

credit score image
SubPrime Auto Finance News Staff
Dealer Marketing Services, makers of ProMax Unlimited, recently released the first tool in a line of three new consumer credit soft pull products. The first solution is Instant Score, which is fueled through a partnership with Equifax. ProMax highlighted that ... [Read More]

Heritage Acceptance names VP of sales & marketing

new hire 2
SubPrime Auto Finance News Staff
Heritage Acceptance Corp., a finance company specializing in purchasing vehicle retail installment contracts through a network of more than 600 dealers throughout the Midwest, named Mike Monaghan as vice president of sales and marketing this week. Heritage highlighted Monaghan brings ... [Read More]

This year’s SubPrime Auto Finance Executive of the Year

Dan Ulatowski for spn site
Nick Zulovich, Editor
SubPrime Auto Finance News announced this year’s recipient of the SubPrime Auto Finance Executive of the Year Award, presented by Black Book Lender Solutions. The accolade is going to Dan Ulatowski, who is the chief sales officer at Credit Acceptance, ... [Read More]

More evidence of millennials not understanding credit

businesswoman using smartphone
SubPrime Auto Finance News Staff
According to a new survey released by TransUnion, millennials are less likely than baby boomers to identify milestone life events that could affect their credit. In fact, officials determined less than half of millennials surveyed could cite specific major life ... [Read More]

3 new Equifax credit-based marketing products

car buy button
SubPrime Auto Finance News Staff
Equifax is expanding its marketing offerings with the launch of a new suite of credit-based marketing products for the automotive industry. Fueled by Equifax’s consumer credit data and fraud processes, the products enable Dealer Service Provider (DSP) unique marketing solutions ... [Read More]

AFS Acceptance outlines future after equity sell-off

graph growth
Nick Zulovich, Editor
AFS Acceptance chief executive officer Dov Szapiro explained why his company’s decision to sell 65 percent of its equity to Mexican finance institution Credito Real “could not have occurred at a better time.” With growth expectations stemming from originations as ... [Read More]

September auto defaults tick 2 points higher

analysis pic
SubPrime Auto Finance News Staff
The auto loan default rate for September ticked up 2 basis points on a sequential basis but remained 9 basis points lower than a year earlier. The September reading also was just 7 basis points above the all-time low established ... [Read More]

Penn Warranty now part of F&I Express eContracting network

integration button
SubPrime Auto Finance News Staff
F&I Express announced this week that it will provide its dealer clients with access to products from the Penn Warranty Corp. through F&I Express’ eContracting platform. Through this new relationship, dealers using the F&I Express eContracting platform will have the ... [Read More]

Comptroller calls auto finance behavior reminiscent of mortgage problems

subprime clouds
SubPrime Auto Finance News Staff
Another high-ranking federal regulator tried to tie together what’s happening in vehicle financing nowadays to the mortgage-connected developments that created the Great Recession nearly a decade ago. Comptroller of the Currency Thomas Curry gave a speech to the Exchequer Club ... [Read More]

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