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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

Credit Acceptance Sees Originations, Dealer Network, Net Income All Rise in 2013

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Nick Zulovich, Editor
As the finance company closed the year with a 16.2-percent jump in active dealers, Credit Acceptance Corp. watched its unit and dollar volumes rise by double figures during the fourth quarter as well, to leave the operation with a healthy ... [Read More]

Former Top CFPB Official Hackett to Join Hudson Cook

Nick Zulovich, Editor
At last year's National Automotive Finance Association Non-Prime Auto Financing Conference keynote session, Hudson Cook chairman Tom Hudson broke the ice by stating he could validate how great of a relationship he had with Rick Hackett, who at the time ... [Read More]

Exeter Details $650 Million Securitization

SubPrime Auto Finance News Staff
Earlier this week, Exeter Finance Corp. announced that EFCAR, LLC, a special purpose Delaware limited liability company and wholly owned subsidiary, priced $650 million in aggregate principal amount Series 2014-1 automobile receivable backed notes, which will be issued in four ... [Read More]

Ford Credit’s Falotico Named Chair of AFSA Vehicle Finance Division

SubPrime Auto Finance News Staff
The American Financial Services Association installed Joy Falotico, executive vice president, marketing, sales and the Americas at Ford Motor Credit, as chair of AFSA's Vehicle Finance Division Board, succeeding Andrew Stuart of VW Credit. In this role, AFSA highlighted Falotico ... [Read More]

RouteOne Rolls out eContracting ‘Shortcut’ for Finance Sources

SubPrime Auto Finance News Staff
Earlier this week, RouteOne highlighted it will offer its finance source customers what the company is calling a "shortcut" that can allow them to quickly and easily support the RouteOne eContracting process without the typical technology investment. The company explained ... [Read More]

NextGear Capital Picks Violin Flash Memory Arrays to Improve Dealer Services

SubPrime Auto Finance News Staff
In an effort to help used-car managers complete the floor-planning process as quickly as possible, NextGear Capital recently tapped Violin Memory, a provider of persistent memory-based storage solutions, to accelerate the delivery of key services to the company's customer base ... [Read More]

Santander Consumer USA Outlines IPO Details

SubPrime Auto Finance News Staff
Last week during the midst of the American Financial Services Association's Vehicle Finance Conference, Santander Consumer USA announced the pricing of its initial public offering. The company is selling 74,991,470 shares of common stock at a price of $24 per ... [Read More]

SFG Finance Watches Year-Over-Year Growth Hit 30 Percent

SubPrime Auto Finance News Staff
Auto finance receivables purchaser SFG Finance highlighted this week that its portfolio grew 30 percent over the last year. SFG Finance indicated the majority of this increase came from the company's subprime flow program — an initiative in which independent, ... [Read More]

Westlake Highlights Spike in Franchised Partnerships

SubPrime Auto Finance News Staff
Westlake Financial Services says its maintaining its strong relationships with independent dealers while reporting significant growth sprouting from its program for franchised stores. Company officials highlighted that Westlake's growth produced an 84-percent increase in franchise deals and an 80-percent jump ... [Read More]

S&P/Experian: Auto Loan Defaults Edge Lower in December

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SubPrime Auto Finance News Staff
December's reading for the auto loan segment of the S&P/Experian Consumer Credit Default Indices is squarely in between the level analysts spotted a month earlier and during the closing month of 2012. S&P Dow Jones Indices and Experian reported that ... [Read More]

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