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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

Dahlheim Takes Over Control at VW Credit

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SubPrime Auto Finance News Staff
This week, Volkswagen Group of America tapped Christian Dahlheim to be the new president and chief executive officer of VW Credit. Dahlheim takes the place of Andrew Stuart, who left the captive finance company earlier this summer to be the ... [Read More]

Republican Lawmakers Bring GAO into CFPB Discrimination Query

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SubPrime Auto Finance News Staff
The Republican-led U.S. House Financial Services Committee has conducted multiple hearings to investigate alleged discrimination at the Consumer Financial Protection Bureau, including a session with director Richard Cordray earlier this week. Now the lawmakers on the committee want the Government ... [Read More]

AFSA, Ally, CPS Refute Claims in Recent Times Article

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Nick Zulovich, Editor
Several top industry players came to the defense of how subprime vehicle financing is operating nowadays after the unflattering picture they said The New York Times painted in an article a couple of weeks ago that’s since made its way ... [Read More]

AFS Acceptance Appoints New VP of Loan Production

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SubPrime Auto Finance News Staff
AFS Acceptance continued to add to its management stable this week by appointing a former driversselect executive as vice president of loan production. Taking on the role effective Monday is Michael Thacker. AFS Acceptance indicated Thacker will preside over all ... [Read More]

Dealertrack Partners with Element to Simplify Payment Processing

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SubPrime Auto Finance News Staff
Dealertrack Technologies reached a partnership on Wednesday with Element Payment Services, a Vantiv company, to seamlessly integrate electronic payment processing into Dealertrack DMS 2.0. With Element’s fully integrated payment technology within Dealertrack DMS 2.0, officials highlighted that all types of ... [Read More]

AmeriCredit’s Strong Q2 Pushes GM Financial’s Originations

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Nick Zulovich, Editor
In a quarter company executives said contained a “leveling of competitive intensity,” the AmeriCredit-branded business generated by General Motors Financial during the second quarter jumped to a higher level than in any quarter seen in a year. AmeriCredit, which originates ... [Read More]

Black Book Sees Vehicle Depreciation Gaining Steam

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Nick Zulovich, Editor
Black Book explained how its depreciation forecast of 13.5 percent for 2014 is still on track, even though the market produced a pace much slower than that expectation during the first six months of the year. Senior vice president and ... [Read More]

J.D. Power Study Shows How Many Basis Points Good Service for Dealers Is Worth

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SubPrime Auto Finance News Staff
Retail’s old adage of “you get what you pay for” reappeared as a part of the J.D. Power 2014 U.S. Dealer Financing Satisfaction Study. The report showed franchised dealerships place such a value on the relationship they have with their ... [Read More]

Newest AFSA White Paper Examines Debt Collection

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SubPrime Auto Finance News Staff
The state government affairs committee of the American Financial Services Association recently published a white paper for its members on debt collection and the various ways state legislation and regulations are approaching these practices. AFSA officials highlighted the paper explains ... [Read More]

CPS Thrives in Q2 as Subprime Competition Eases

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Nick Zulovich, Editor
Based on a view the competitive pressure in the subprime finance space isn’t quite as intense, Consumer Portfolio Services watched its second-quarter earnings per diluted share spike by 47 percent year-over-year. CPS reported that its Q2 earnings rose to $7.0 ... [Read More]

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