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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

Vanguard Dealer Services partners with private equity firm

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SubPrime Auto Finance News Staff
Vanguard Dealer Services — an agent and administrator of F&I products and services to franchised dealers nationwide — formed a partnership this week with Southfield Capital, a lower middle market private equity firm. Officials indicated Vanguard's senior management, including chief ... [Read More]

Reynolds & MADA unveil Maryland F&I library

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SubPrime Auto Finance News Staff
Reynolds Document Services, a part of Reynolds and Reynolds, joined forces with the Maryland Automobile Dealers Association (MADA) this week to establish the Reynolds LAW Maryland F&I Library. The library is a comprehensive catalog of standardized, legally reviewed F&I documents ... [Read More]

Q2 delinquencies drop to lowest level in 2 years

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SubPrime Auto Finance News Staff
A day after the latest auto loan default data showed only marginal movement, TransUnion reported on Wednesday that its information shows the national auto loan delinquency rate declined to its lowest level in two years. TransUnion’s auto delinquency rate — ... [Read More]

NAF Association’s latest effort to help finance companies’ document training

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SubPrime Auto Finance News Staff
Even the freshest law school graduate likely understands the concept of, “If you didn’t document it, it didn’t happen.” In an intensifying regulatory world where compliance training is becoming more important, the National Automotive Finance Association highlighted how several major ... [Read More]

EFG Companies & Northwood create F&I Innovator of the Year competition

Award
Nick Zulovich, Editor
EFG Companies and Northwood University are collaborating again, this time for an F&I competition designed to “jolt” the industry into a higher standard of innovation.  A new accolade to be held annually, officials highlighted the F&I Innovator of the Year program will ... [Read More]

CU Direct Connect develops custom risk score with FICO

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SubPrime Auto Finance News Staff
CU Direct Connect (CUDC), a participant in the Colorado automotive financing market that provides indirect services to credit unions and dealers, announced the upcoming availability of a custom auto loan risk score designed by FICO. Officials highlighted this new score ... [Read More]

Auto defaults move ‘scant’ higher from low point

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SubPrime Auto Finance News Staff
Contrary to what happens most times when the S&P/Experian Consumer Credit Default Indices are updated, the auto loan component made a move upward on a sequential basis while the other four elements watched by S&P Dow Jones Indices and Experian ... [Read More]

Former Treasury official takes over as ABA president & CEO

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SubPrime Auto Finance News Staff
A former Senate-confirmed Treasury Department official took the reins as president and chief executive officer of the American Bankers Association on Monday. Back in May, ABA board of directors unanimously selected Rob Nichols to succeed former Oklahoma Gov. Frank Keating, ... [Read More]

The case for making the shift to eContracting

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Michael Collins, Dealertrack Technologies
Thanks to technology, today people look for speed and efficiency in everything they do more than ever before — and the car buying process is no exception. Carrying the stigma of being time-consuming, even called “painful” by customers, how can ... [Read More]

20 years and counting: The strong bond of credit unions & dealers

puzzle pieces coming together
Nick Zulovich, Editor
Perhaps another component of why credit unions are so aggressive in expanding their auto portfolios is their collective relationship with dealerships is as good as it’s ever been. That’s the sentiment conveyed by CU Direct executive vice president Jerry Neemann when ... [Read More]

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