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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

Spireon Names New Chief Information Officer

Nick Zulovich
IRVINE, Calif. — Mobile resource management and business intelligence solutions provider Spireon chose a new chief information officer this week to direct the company's key information technology initiatives. Tapped for the position was Sam Balooch. "Sam is a true information ... [Read More]

FactorTrust Unveils New Practice to Help Subprime Lenders Work with Underbanked Consumers

Nick Zulovich
ATLANTA — FactorTrust, a provider of underbanked consumer data, analytics and risk scoring solutions on those underserved by traditional banking channels, rolled out solution this week for subprime auto lenders looking to reach these consumers more effectively. The company launched ... [Read More]

S&P/Experian: Auto Loan Defaults Edge Up for 3rd Consecutive Month

Nick Zulovich
NEW YORK — After the auto loan portion of the S&P/Experian Consumer Credit Default Indices dropped to the lowest level ever recorded by S&P Dow Jones Indices and Experian in June, the reading now has inched up three months in ... [Read More]

KBB Shopper Survey: Federal Shutdown Slowing Sales; Interest Rates to Rise

Nick Zulovich
CARY, N.C. — As multiple captive finance companies make special considerations for furloughed federal workers, the ongoing turmoil on Capitol Hill over the government shutdown and debt ceiling appears to be having a pronounced impact on potential sales. Kelley Blue ... [Read More]

Swapalease: Average Vehicle Lease Prices Dip 2 Percent in September

Nick Zulovich
CINCINNATI — Swapalease.com reported on Tuesday that average vehicle lease prices declined 2.0 percent year-over-year based on listings entering the market during September. The site determined prices on leases averaged $582.02 in September, down from $593.66 in September of last ... [Read More]

Capital One & GM Extend Program to Help Consumers Earn Rewards Toward Vehicle Leases

Nick Zulovich
McLEAN, Va. and DETROIT — Capital One Financial Corp. and General Motors extended their relationship that can help consumers earn rewards toward the purchase or lease of a vehicle. The companies along with MasterCard announced a multi-year extension of their ... [Read More]

Experian’s Zabritski on Tap for SubPrime Forum’s Opening Keynote Address

Nick Zulovich
SAN DIEGO — Being that the SubPrime Forum is the newest addition to Used Car Week, organizers wanted to get the event off to a great start. So handling the chores of the opening keynote address is Melinda Zabritski, director ... [Read More]

Gearing up Nonprime Auto Loans with Instant Employment Verification

Nick Zulovich
ATLANTA — Car sales are up; customers are back in the showroom; and cars are going over the curb. It's fun to be in the car business again. After quite a few "roll up the sleeve" years, the American car ... [Read More]

Westlake Finalizes $200M Securitization with Wells Fargo and RBS

Nick Zulovich
LOS ANGELES — Westlake Financial Services recently announced a new $200 million securitization jointly led by Wells Fargo and the Royal Bank of Scotland. Officials indicated the securitization closed on Sept. 25 with all bonds sold on the investor market. ... [Read More]

DriveItNow Adds Tool to Measure Trade-In Equity and Impact on Payments

Nick Zulovich
CINCINNATI — Online monthly payment marketing technology provider DriveItNow announced its new Trade-in Equity Analyzer is now available as part of its pre-qualified payment quoting service. Since many vehicle sales involve a trade-in, DriveItNow said the value and the equity ... [Read More]

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