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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

GrooveCar Direct Partners with 2 More Credit Unions

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SubPrime Auto Finance News Staff
GrooveCar Direct, an online auto buying resource for credit unions, recently reached partnership with two more institutions. The two credit unions now a part of the network are as follows: — Greater Alliance Federal Credit Union of Paramus, N.J., which ... [Read More]

Moody’s Analyst Counters Thoughts of Auto Loan Bubble

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SubPrime Auto Finance News Staff
Moody’s Analytics senior director Cristian deRitis chimed in this week, refuting the notion that rising auto lending volume is creating a bubble similar to the one that burst in the mortgage space and sent the U.S. economy into recession. deRitis ... [Read More]

2 Examples of How Intelligent Interviewing Produces Intelligent Hires

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Don Jasensky, Automotive Personnel
No one has ever asked our firm to “find someone average.” Employers are always seeking high-performing employees. The best indicator of future performance is past performance. To help identify the high performers we like to ask “intelligent interviewing questions” to ... [Read More]

F&I Express Brings American Guardian Warranty Services Into Network

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SubPrime Auto Finance News Staff
Intersection Technologies’ F&I Express recently added American Guardian Warranty Services (AGWS) to its aftermarket e-contracting platform. Executives highlighted the enhanced F&I Express functionality is free to all AGWS agents and dealers. AGWS is a provider of administration services for dealers ... [Read More]

FICO Refines Analysis of Medical Collections to Boost Scores

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SubPrime Auto Finance News Staff
The next time subprime consumers show up at your dealership or their loan application arrives at your finance company’s underwriting department, their FICO score might be higher if much of what triggered their soft credit profile is delinquent medical debt. ... [Read More]

Credit Acceptance Receives CID from FTC

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Nick Zulovich, Editor
Credit Acceptance Corp. recently reported more than just its second-quarter performance. The company also received a civil investigative demand from the Federal Trade Commission. As a part of its Q2 financial reporting to the Securities and Exchange Commission, Credit Acceptance ... [Read More]

AFIP Offers $100 Off for Next Boot Camp

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SubPrime Auto Finance News Staff
The Association of Finance & Insurance Professionals (AFIP) is offering Industry Summit attendees a $100 discount if they register for its pre-summit certification boot camp. In order to obtain the discount, dealer managers and F&I professionals must complete the registration ... [Read More]

F&I Office Has Hand in Record High 77% of Sales

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Nick Zulovich, Editor
While advocacy groups and federal regulators continue to be skeptical of the convenience and value dealers present at the F&I office, new data from Edmunds.com is showing the volume of work completed in that store department is climbing to levels ... [Read More]

AIADA Chairman: The Perception Gap of Fair Transactions

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Larry Kull, AIADA
Recently, I read about a study commissioned by True Car that I haven’t been able to stop thinking about. The study asked car buyers what they believed a fair profit margin for a car dealer would be on a $30,000 new ... [Read More]

5 Recommendations When Reviewing Arbitration Clauses

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SubPrime Auto Finance News Staff
Sparked by actions of the Consumer Financial Protection Bureau, Automotive Compliance Consultants general counsel David Missimer — who specializes in dealership compliance issues — advised managers to take a close look at the arbitration clause language used in their finance ... [Read More]

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