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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

Northern Star Management Forms Partnership with VTS to Mitigate Risk

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SubPrime Auto Finance News Staff
Northern Star Management selected Vendor Transparency Solutions as an online compliance monitoring platform to be utilized as an additional tool in mitigating risk. Northern Star is an underwriting management company and wholesale producer working with a select network of brokers ... [Read More]

Subprime Growth Appears Far From Over

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Joe Overby, Staff Writer
Given all the increases in credit availability, particularly the escalating subprime auto finance market, Jesse Toprak was asked how long this cornucopia can be sustained. But the chief analyst with Cars.com flipped it around: we actually haven’t seen the last ... [Read More]

Outstanding Balances Exceed $900B For First Time

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SubPrime Auto Finance News Staff
With the subprime slice at levels “essential for a healthy economy,” the latest Equifax National Consumer Credit Trends Report indicated the total balance of auto loans midway through 2014 soared to a record high. Sparked by a growth rate of ... [Read More]

Former FTC Chairman Joins Online Reputation Management Firm’s Board

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SubPrime Auto Finance News Staff
A former chairman of the Federal Trade Commission joined the advisory board this week of an operation that strives to support digital privacy and design online reputation management technology. Coming on board with Reputation.com is Jon Leibowitz, who currently is ... [Read More]

Jasensky: 6 Reasons Why Career Seekers Can Boost Operations

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Don Jasensky, Automotive Personnel
In the recruitment profession, we look for what are called career seekers, not job seekers.  There is a world of difference.  I teach my recruiters and my clients to look for career seekers for several reasons. Career seekers are looking ... [Read More]

5 Groups Push Back Against Latest CFPB Complaint Proposal

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SubPrime Auto Finance News Staff
Five industry organizations banded together this week to push back against the Consumer Financial Protection Bureau’s new proposal to post anonymous complaints from the public about financial services companies online. The groups situated near Capitol Hill — including the Financial ... [Read More]

S&P/Experian: Auto Loan Defaults Tick Up Slightly in June

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SubPrime Auto Finance News Staff
With sequential comparisons coming against default rates at or near historic lows, the auto loan portion of the S&P/Experian Consumer Credit Default Indices for June ticked slightly higher for the second month in a row. The auto loan default reading ... [Read More]

Free RouteOne Webinar to Discuss Scrutiny of F&I Products

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SubPrime Auto Finance News Staff
RouteOne plans to discuss the forthcoming scrutiny of F&I products by the Consumer Financial Protection Bureau and the Federal Trade Commission during a complimentary webinar later this week. During the webinar titled “CFPB and FTC Update: All About Add-Ons,” RouteOne ... [Read More]

Finance Roundup: Dividend and Warehouse Facility Update

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SubPrime Auto Finance News Staff
Ally Financial and Credit Acceptance Corp. recently announced a couple of updates pertaining to their financial statements. First from Ally, the company declared quarterly dividend payments for certain outstanding preferred stock. Each of these dividends were declared by the board ... [Read More]

KeyBanc Survey: F&I Grosses Help to Make Up for Used Struggles

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SubPrime Auto Finance News Staff
The June dealer survey by KeyBanc Capital Markets showed stores utilized growth in F&I gross profit per unit during the second quarter to overcome mixed results in gross profit per used vehicle sold. KeyBanc reported that 57 percent of respondents ... [Read More]

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