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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

Free FICO Webinar to Give 6 Tips to Boost Portfolio Performance

earnings report
SubPrime Auto Finance News Staff
As the auto finance industry continues through an era of record growth, FICO acknowledged the challenges finance companies face have even greater ramifications. FICO stressed that finance companies need to align customer risk with operational efforts while providing exceptional customer ... [Read More]

Equifax Sees Subprime Originations Rising & Overall Delinquencies Declining

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SubPrime Auto Finance News Staff
With the number of subprime loans originated year-to-date approaching the 1-million mark, the latest Equifax National Consumer Credit Trends Report indicated severe delinquency rates are the lowest they have been in nearly a decade. Equifax reported the severe delinquency rate ... [Read More]

Experts Consider Possibility of Non-Prime Leasing

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Nick Zulovich, Editor
With new-vehicle leasing continuing to track on a pace industry watchers have never seen previously, SubPrime Auto Finance News wanted to know if automakers, captive finance companies and other institutions are interested in ramping up the volume even more by ... [Read More]

After Successful Pilot, Ally’s New VSC Now Available

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SubPrime Auto Finance News Staff
After a three-month pilot test phase where the vast majority of dealerships reported that they experienced a seamless transition, Ally Financial is officially rolling out its flagship vehicle service contract — Ally Premier Protection — to dealers nationwide beginning this ... [Read More]

GWC Warranty Unveils Elite Dealer Council

GWC warranty for SPN
SubPrime Auto Finance News Staff
In an effort to broaden its outreach and enhance relationships with independent stores, GWC Warranty hosted its first-ever Elite Dealer Council at the company’s headquarters on May 19. Comprised of some of GWC’s top independent dealers from across the country, ... [Read More]

Medium-Sized Finance Companies Face Stress Test Deadlines

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SubPrime Auto Finance News Staff
Federal banking agencies on Tuesday reiterated the disclosure requirements for the annual stress tests conducted by financial institutions with total consolidated assets between $10 billion and $50 billion. Officials from the Federal Reserve, the Federal Deposit Insurance Corp. and the ... [Read More]

What Takata Recall Might Do to ABS Market

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SubPrime Auto Finance News Staff
In light of more than 30 million vehicles being recalled because of faulty Takata airbags, Black Book and Fitch Rating joined forces on Tuesday not only to look at the impact of vehicle values for the units involved, but also ... [Read More]

See You in 2020? Terms Hit New Highs in Q1

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SubPrime Auto Finance News Staff
If buyers keep their vehicles for the duration of the installment contract, dealerships and finance companies likely won’t see these consumers again for another purchase until 2020 or possibly beyond — an assertion stemming from the record-setting term metrics Experian ... [Read More]

Fed Survey Shows Impact $400 Emergency Has

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SubPrime Auto Finance News Staff
Here is a possible reason why your subprime customer who might have been current on their vehicle installment contract suddenly slipped into delinquent status. The latest in a series of consumer analysis reports from the Federal Reserve showed 47 percent ... [Read More]

SNAAC Donates $20K to USA Cares for Military Appreciation Month

military civilian transition
SubPrime Auto Finance News Staff
In honor of the just concluded Military Appreciation Month, Security National Automotive Acceptance Co. (SNAAC) made a $20,000 donation to USA Cares. As part of its commitment to honor the men and women that serve our country, SNAAC has donated ... [Read More]

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