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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

Wisconsin-Based Finance Company Opens to Serve BHPH Dealers

Nick Zulovich
GLENDALE, Wis. — Built on a family foundation of more than 80 years in the franchised dealership business, a Wisconsin-based finance company recently opened for business to serve independent buy-here, pay-here stores, starting with $25 million in availability with a ... [Read More]

How AutoNation Views Indirect Lending Landscape

Nick Zulovich
FORT LAUDERDALE, Fla. — During the Q&A portion of AutoNation's quarterly conference call with investors on Thursday, the chairman and chief executive of the country's largest auto retailer went into great detail about his stance on indirect lending, giving some ... [Read More]

Senate Confirms Cordray to Stay as CFPB Director

Nick Zulovich
WASHINGTON, D.C. — Richard Cordray is staying as director of the Consumer Financial Protection Bureau, the agency that has been intensifying its regulation of vehicle financing since the spring. The U.S. Senate confirmed Cordray to remain at the position late ... [Read More]

Membership to RISC Compliant Agent Network Now Open

Nick Zulovich
OCALA, Fla. — Along with selecting its outside legal counsel, Recovery Industry Services Co. recently formed the RISC Compliant Agent Network (RISC CAN). RISC highlighted membership is open to any professional collateral recovery agency owner who can meet the stringent ... [Read More]

700Credit Forms Integration Partnership with Constellation Automotive Software

Nick Zulovich
TORRANCE, Calif. — 700Credit, a provider of consumer credit reporting and compliance products to more than 4,000 dealers, recently formed an integration partnership with Constellation Automotive Software. The companies explained this agreement will allow more than 1,500 dealers using Constellation ... [Read More]

3 Segments Highlight Black Book’s Projected Retention Forecast

Nick Zulovich
GAINESVILLE, Ga. — When Black Book Lender Solutions analyzed historical vehicle segment data and developed projected retention levels for the next 12 to 24 months, three specific kinds of units distinguished themselves from the 24 individual categories. Those three segments ... [Read More]

RouteOne Spells Out Stiff Penalties for Non-Compliance Associated with Adverse Action and Risk-Based Pricing

Nick Zulovich
FARMINGTON HILLS, Mich. — While recent bulletins from federal regulators have been associated with F&I elements such as dealer participation, RouteOne reminded principals and managers about the potential consequences for not complying with rules associated with adverse action notices and ... [Read More]

Avis Budget Purchases Payless Car Rental

Nick Zulovich
PARSIPPANY, N.J. — Avis Budget Group has purchased Payless Car Rental in a $50 million cash deal.  In announcing the news this morning, Avis indicated that adding North America's sixth largest car-rental company "will give Avis Budget Group a strong ... [Read More]

DealerCentric Unveils Mobile Version of Pre-Approval Solution

Nick Zulovich
MISSION VIEJO, Calif. — Consumer finance management system provider DealerCentric Solutions recently made its online credit application platform optimized for mobile. The company highlighted the tool, "Get Pre-Approved in Seconds" comes at no additional charge for the more than 3,000 ... [Read More]

San Diego-Based Credit Union Buys Vehicle-Buying Service Provider

Nick Zulovich
ALEXANDRIA, Va. — Last week, the National Credit Union Administration announced that Mission Federal Credit Union of San Diego purchased Autoland, a national vehicle-buying service provider. Autoland, founded in 1971, is a credit union service organization (CUSO) based in Chatsworth, ... [Read More]

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