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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

ABI: Bankruptcy Filings on Pace for Lowest Total Since 2008

Nick Zulovich
ALEXANDRIA, Va. — Continuing a positive trend of fewer consumers walking away from debt, the American Bankruptcy Institute highlighted that total filings in the United States during August decreased 15 percent compared to the previous year. According to data provided ... [Read More]

NVLA Golf Outing to Support Winthrop University Cancer Center for Kids

Nick Zulovich
HANOVER, Md. — The New York/New Jersey/Connecticut chapter of the National Vehicle Leasing Association is hosting a golf outing, dinner and charity raffle drawing in honor of their late colleagues who were instrumental with the association and the industry. Organizers ... [Read More]

Experian: Subprime Loan Volume Climbs Again in Q2

Nick Zulovich
SCHAUMBURG, Ill. — As a record number of new-vehicle buyers used either a loan or a lease to fund the deal, Experian Automotive indicated the number of subprime contracts kept rising during the second quarter. According to the latest State ... [Read More]

CNW: August Used Sales Rise 5 Percent

Nick Zulovich
BANDON, Ore. — With the last day of August coming as part of Labor Day weekend, CNW Research tabulated that the used-vehicle sales figure for the month jumped 5.6 percent year-over-year. Combining sales at franchised and independent dealerships as well ... [Read More]

CFPB Keeps Antonakes as Deputy Director

Nick Zulovich
WASHINGTON, D.C. — This morning, the Consumer Financial Protection Bureau announced Steve Antonakes has been officially named deputy director of the agency. Antonakes had been serving as the acting deputy director of the CFPB. Officials indicated Antonakes will continue to ... [Read More]

Fitch Sees ‘Softer Fall’ Approaching in U.S. Auto ABS Market

Nick Zulovich
NEW YORK — Fitch Ratings reported this week that losses on both prime and subprime U.S. auto ABS rose in July following lows seen earlier in the spring. Despite the increase, analysts indicated used-vehicle values have stayed strong in the ... [Read More]

Car-Mart Ramps Up Use of GPS as New Georgia Store Opens

Nick Zulovich
BENTONVILLE, Ark. — This week, America's Car-Mart opened the 127th dealership in its network of buy-here, pay-here stores. And it's nearly certain the vehicle in inventory will be equipped with a GPS device, a practice the company hesitated in doing ... [Read More]

Equifax: Auto Originations Hit Levels Not Seen Since 2005

Nick Zulovich
ATLANTA — According to Equifax's latest National Consumer Credit Trends Report, new credit for auto originations between January and May of this year soared to an eight-year high, producing an increase of more than 15 percent from same time a ... [Read More]

AutoTrader, Carfax Renew Vehicle Report Agreement

Nick Zulovich
CENTREVILLE, Va. and ATLANTA — It's eight years and counting for one automotive partnership, which benefits some 20,000 dealers nationwide in advertising their inventories. AutoTrader.com and Carfax this week announced the renewal of their eight-year partnership that allows dealers to ... [Read More]

CFPB Bolsters Staff with 4 Additions

Nick Zulovich
WASHINGTON, D.C. — While the agency has yet to announce a replacement for the regulator who will oversee auto financing, the Consumer Financial Protection Bureau added four new staff members this week. Among the new additions, the CFPB tapped individuals ... [Read More]

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