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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

CarFinance Capital Renews and Increases Credit Facility to $300 Million

Nick Zulovich
IRVINE, Calif. — CarFinance Capital renewed and increased its warehouse credit facility this week from $200 to $300 million. Officials highlighted the increased credit line — which is being provided by Deutsche Bank and Credit Suisse — further bolsters the ... [Read More]

Peritus Portfolio Services Reaches Agreement with SteadyPay Payment Solutions

Nick Zulovich
LOUISVILLE, Ky. — Peritus Portfolio Services recently signed a multi-year agreement to offer SteadyPay Payment Solutions services to its customers who often purchase vehicles at buy-here, pay-here dealerships. Officials explained SteadyPay offers automatic bill payment via payroll deduction. Peritus' customers ... [Read More]

Industry Benchmarks Among Highlights of NABD’s National Conference

Nick Zulovich
HOUSTON — Retail sales figures for buy-here, pay-here dealers softened a bit in 2012 compared to a year earlier, according to industry benchmarks compiled by the National Alliance of Buy-Here, Pay-Here Dealers that will be shared during the organization's upcoming ... [Read More]

Ally Looking to Educate Wiser Car Buyers Through 30 Days of Financial Literacy Program

Nick Zulovich
DETROIT — In celebration of Financial Literacy Month and as a way to build upon the more than 1,000 consumers who already have utilized its tutorials specifically about auto financing, Ally Financial launched its 30 Days of Financial Literacy initiative ... [Read More]

Dealertrack Technologies to Host Free Webinar About CFPB Bulletin and More

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies is offering a free webinar where compliance counsel Randy Henrick will discuss the latest regulatory developments coming from the Consumer Finance Protection Bureau. The session where Henrick will offer his analysis of the CFPB's ... [Read More]

Fiserv Posts Record-Setting Transaction Volume on its Automotive Loan Origination System in 2012

Nick Zulovich
BROOKFIELD, Wis. — Fiserv said 2012 was a record-setting year for its automotive loan origination system. Officials highlighted that more than 10.8 million loan applications and 3.7 million contracts were processed through the Fiserv's auto lending platform, marking a 31- ... [Read More]

TransUnion: Credit Unions Eye Auto Loans as Growth Source This Year

Nick Zulovich
CHICAGO — A new survey from TransUnion showed approximately two in three credit union executives see loan growth as the critical business issue facing their industry in 2013, and auto loans may be the main focus of that growth. The ... [Read More]

Nicholas Financial Again Receives Interest from Potential Third-Party Acquirer

Nick Zulovich
CLEARWATER, Fla. — For the second time in three years, Nicholas Financial retained a financial adviser to assist the specialty consumer finance company's board of directors with consideration of a possible sale. Last week, Nicholas Financial officials said their board ... [Read More]

Comerica: Auto Affordability Slides in Q4

Nick Zulovich
DALLAS — Comerica Bank's latest Auto Affordability Index indicated the purchase and financing of an average-priced new vehicle took 23.6 weeks of median family income in the fourth quarter of 2012. Bank analysts determined consumers on average spent $900 more ... [Read More]

TFS and LFS Expand Pledge to Boys & Girls Clubs of America Through ‘GoGreen’ Campaign

Nick Zulovich
TORRANCE, Calif. — Due to an overwhelming response to their second annual "GoGreen" campaign, Toyota Financial Services and Lexus Financial Services announced the organizations are doubling their commitment to the Boys & Girls Clubs of America. The captives now are ... [Read More]

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