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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

Space Coast Credit Union Embraces E-Contracting

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Auto Remarketing Staff
A Florida credit union adopted RouteOne’s e-contracting product, DiscountOne, for its east coast member base. Space Coast Credit Union, located near Kennedy Space Center and Cape Canaveral, will use DiscountOne to transfer contract packages and conditions quickly and securely to ... [Read More]

AFC Moves 4 Western Offices

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SubPrime Auto Finance News Staff
Automotive Finance Corp. announced this week that a few of its branch locations located in the Western U.S. have moved to larger offices. The move, aimed at fostering AFC’s growth, will aid in the company’s ability to serve dealers. The ... [Read More]

Ally Teams with Dealers to Promote Financial Literacy

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SubPrime Auto Finance News Staff
The National Association of Minority Automobile Dealers and Ally Financial introduced a financial literacy initiative today at NAMAD’s 2014 Conference that is designed to help dealers educate consumers and employees about the financing process. The free “Guide to Being Wallet ... [Read More]

Kansas Dealer Hosts Congressman to Discuss Financing Regulations and More

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SubPrime Auto Finance News Staff
Featuring discussions about the Consumer Financial Protection Bureau and its proposed changes on indirect auto lending at franchised dealerships, North McArthur, president of Long McArthur Ford Lincoln, recently hosted Rep. Tim Huelskamp at his store. During his visit with the ... [Read More]

CFPB Facility Renovations Trigger More Ire of House Lawmakers

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SubPrime Auto Finance News Staff
Two members of the U.S. House Financial Services Committee who are outspoken critics of the Consumer Financial Protection Bureau found another point to rail against the regulatory agency. This time, these lawmakers shared their frustration about a report from the ... [Read More]

Fitch: Subprime ABS Solid in May, Aided by Used Market

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SubPrime Auto Finance News Staff
While the subprime sector produced positive results, Fitch Ratings reported losses for U.S. prime auto loan ABS ticked up in May, but overall asset performance remains “solid.” Fitch indicated that 60-day delinquencies in the prime space crept 7 percent higher ... [Read More]

Newest CFPB Action Reiterates 3 Minimums for Vendor Management

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SubPrime Auto Finance News Staff
FNI Inc. president David Bafumo noticed the vendor management portion of the latest consent order from the Consumer Financial Protection Bureau closely tracks and elaborates on the bureau’s original service provider guidance bulletin. Bafumo explained his reasoning in light of ... [Read More]

Loan Lengths, LTVs Concern OCC Officials

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SubPrime Auto Finance News Staff
The lengthening of vehicle financing contracts as well as the loan amount attached to those deals has the attention of another federal regulator — the Office of the Comptroller of the Currency. The auto finance market appeared several times in ... [Read More]

Vosotas Resigns as Nicholas Financial Chairman

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SubPrime Auto Finance News Staff
After almost 30 years with the company he founded, Peter Vosotas no longer is chairman of the board and a director at Nicholas Financial, an indirect special finance company that originates subprime loans with more than 1,600 dealers. According to ... [Read More]

Motorsports Sales Ripe for Fruitful Subprime Growth This Year and Beyond

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Nick Zulovich, Editor
Steve Klees sees motorcycles and other powersports equipment sitting at dealerships and can’t help but think there are possibly scores of potential subprime buyers for those items if more finance companies chose to delve into that market. Klees, who is ... [Read More]

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