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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

CUDL Reaches New Dealer Milestone

Nick Zulovich
ONTARIO, Calif. — CUDL, administrators of one of the largest lending service networks for credit unions in the United States, recently announced that its lending network expanded to  include a new milestone. The network now includes 10,000 dealers. The company ... [Read More]

Westcott: CFPB Guidance Questioned by Industry and Lawmakers

Nick Zulovich
McLEAN, Va. — Ever since the Consumer Financial Protection Bureau released its fair lending guidance to indirect auto lenders on March 21, dealers and lenders have questioned the basis for the guidance — and now Washington lawmakers are, as well. ... [Read More]

Fitch: Subprime Auto ABS Displays Some Turbulence as Prime Shines in May

Nick Zulovich
NEW YORK — As subprime auto ABS metrics softened a bit, Fitch Ratings noticed net loss levels for U.S. prime auto ABS dropped for the fourth straight month. Analysts said that continued low delinquencies are signaling firm footing for overall ... [Read More]

VINtek Signs 3,000th Lender for Automotive Collateral Management Technology and ELT Services

Nick Zulovich
PHILADELPHIA — VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing for automotive lenders, reached a new customer milestone. The company recently signed its 3,000th ELT client. VINtek explained ELT replaces a ... [Read More]

Primeritus Financial Services Hits 500,000th Repossession Assignment

Nick Zulovich
NASHVILLE, Tenn. — After a year of multiple acquisitions, restructuring and rebranding, Primeritus Financial Services celebrated the company's 500,000th repossession assignment this week. Primeritus Financial Services chief executive officer Chuck Tapp reflected on the accomplishment and shared when he hopes ... [Read More]

GrooveCar & 100 Long Island Stores Join Forces to Promote Special Credit Union Financing Deals

Nick Zulovich
HAUPPAUGE, N.Y. — GrooveCar is gearing up for its 14th annual summer sale aimed at helping dealerships move more metal through financing underwritten by some of Long Island's largest credit unions. During this exclusive 10-day event that runs from July ... [Read More]

Ranking Senate Banking Committee Member Seeks Investigation of CFPB’s ‘Big Data’ Collection

Nick Zulovich
WASHINGTON, D.C. — How the Consumer Financial Protection Bureau is conducting its business continues to be questioned by leaders on Capitol Hill. On Tuesday, Sen. Mike Crapo requested that the Government Accountability Office (GAO) investigate what he called the "big ... [Read More]

Financing for Subprime Buyers Fuels Better-Than-Expected June Used Sales Totals

Nick Zulovich
BANDON, Ore. — The opportunity for subprime and deep subprime customers to secure financing helped the June used-vehicle sales total to climb well above CNW Research's initial expectations. CNW found June sales were up from both May and the year-ago ... [Read More]

Year-Over-Year Volume Increases Prompt SFG Finance to Bolster Executive Team

Nick Zulovich
ARLINGTON, Texas — SFG Finance, a purchaser of paper from buy-here, pay-here dealers, franchised stores, finance companies, banks and credit unions, recently added three industry veterans to its team. In light of enjoying significant year-over-year increases in volume, SFG Finance ... [Read More]

Auto Data Direct Offers Solution to New NMVTIS Requirements in Florida

Nick Zulovich
TALLAHASSEE, Fla. — Auto Data Direct pointed out that tow, storage and recovery businesses in Florida should now be encountering changes in requirements for the good faith letter process and certificate of destruction procedures based on a new law passed ... [Read More]

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