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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

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]

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]

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