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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

TransUnion: Subprime Delinquencies Rise in Q4, but Overall Levels Expected to Dip

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SubPrime Auto Finance News Staff
As delinquencies associated with subprime loans continue to rise but not at a pace that concerns TransUnion, analysts determined that overall auto loan debt per borrower increased for the 11th straight quarter. During the closing quarter of 2013, that overall ... [Read More]

Equifax: Resurgence of Subprime Finance Continues; Some November Auto Loan Averages Best in 7 Years

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Nick Zulovich, Editor
Along with the continued resurgence of subprime financing, Equifax highlighted that the amount of auto loans booked by both commercial banks and finance companies in November — the most recent data the company has available — came in higher than ... [Read More]

Experian Is ‘Pleasantly Surprised’ by 3.5 Percent Drop in Q4 Delinquencies

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SubPrime Auto Finance News Staff
As open loans in the nonprime, subprime and deep subprime spaces constituted more of the overall market, consumers continued to pay on their car notes during the fourth quarter at a pace that left Experian Automotive analysts "pleasantly surprised." According ... [Read More]

FTC & Associations Update Popular Vehicle Financing Resource

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SubPrime Auto Finance News Staff
Officials recently updated an educational brochure for vehicle shoppers to reflect relevant vehicle finance laws, terms and statistics. The brochure takes consumers through the vehicle financing process and highlights the importance of budgeting, checking one's credit report, and shopping around. ... [Read More]

Credit Acceptance Reveals Plan to Buy Back 637K Shares of Common Stock

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SubPrime Auto Finance News Staff
Coming off of a quarter and a year where the company posted healthy gains in consolidated net income, Credit Acceptance Corp. announced today that it commenced a tender offer to purchase up to 637,420 shares of its outstanding common stock. ... [Read More]

defi SOLUTIONS Integrates into RouteOne’s eContracting Platform

SubPrime Auto Finance News Staff
Texas-based loan origination system developer defi SOLUTIONS announced on Thursday that the company now offers RouteOne's eContracting solution to lenders as a part of their LOS solution. Officials indicated defi SOLUTIONS' lenders that have signed up for RouteOne's eContracting solution ... [Read More]

CU Xpress Lease Partners with McGraw-Hill FCU

SubPrime Auto Finance News Staff
CU Xpress Lease, a part of the GrooveCar family of brands, recently formed a partnership with McGraw-Hill Federal Credit Union, which is based in Windsor, N.J., and now will offer leasing in New Jersey, New York City and Westchester County ... [Read More]

Paymaxx Pro Exec Completes Certified Payments Professional Examination

SubPrime Auto Finance News Staff
Paymaxx Pro highlighted that the company's national accounts and business development director Jon Leedom recently  has been granted the designation of ETA Certified Payments Professional, the professional certification program administered by the Electronic Transactions Association. By successfully meeting the ETA's ... [Read More]

Toyota Financial Services Highlights eContracting Success Using Fiserv System

SubPrime Auto Finance News
Fiserv announced today that Toyota Financial Services has successfully used its Automotive Loan Origination System (LOS) to implement electronic contracting (eContracting), allowing dealerships to begin to phase out paper contracts, increase accuracy and improve efficiency during the loan credit and ... [Read More]

Edmunds.com: Mixed Movements in Average Used-Financing APR at Franchised Stores

SubPrime Auto Finance News
Edmunds.com analyzed APR data for loans that went through franchised dealership F&I offices in January and found rates for used-vehicle financing moved up slightly month-over-month but dropped year-over-year. Analysts pinpointed January's sequential rise at 0.08 percent while the year-over-year decrease ... [Read More]

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