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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

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]

Why BHPH Dealers Should Pay Attention to Latest CFPB Guidance

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE HANOVER, Md. — The recent Consumer Financial Protection Bureau bulletin focused on dealer reserve, an element that usually doesn't affect most buy-here, pay-here stores. But Hudson Cook's legal team recommended that BHPH ... [Read More]

Schwartz to Become President of Both Manheim and AutoTrader as Perry to Depart

Nick Zulovich
ATLANTA —  SubPrime Auto Finance News learned this morning that Sandy Schwartz not only will serve as the president of Manheim, but will assume the role of president of AutoTrader Group, which includes AutoTrader.com, Kelley Blue Book and VinSolutions. Chip ... [Read More]

Fitch: Subprime ABS Stops Seven-Month Trend of Rising Losses

Nick Zulovich
NEW YORK — Fitch Ratings discovered asset performance came in stronger for U.S. prime auto ABS while subprime auto loans reversed a seven-month trend of rising losses. Fitch indicated prime and subprime 60-day delinquencies came in lower in February by ... [Read More]

CPS Announces $185 Million Senior Subordinate Asset-Backed Securitization

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services recently closed its first term securitization of 2013. The transaction is CPS' eighth senior subordinate securitization since 2011. In the transaction, the company explained qualified institutional buyers purchased $185 million of asset-backed notes secured ... [Read More]

What CFPB Bulletin Might Mean for Dealer Reserve and More

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE Normal 0 false false false EN-US X-NONE X-NONE WASHINGTON, D.C. — Legal experts and industry associations weighed in as the Consumer Financial Protection Bureau released a bulletin Thursday that targeted dealer reserve ... [Read More]

AFSA, CBA, NAFCU Unsettled Over Bureau’s Auto Finance Bulletin

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE WASHINGTON, D.C. — As dealer associations reacted swiftly to the Consumer Financial Protection Bureau's latest position on auto financing, organizations representing banking and financial institutions as well as credit unions all saw ... [Read More]

AutoStar Chooses NCM 20 Groups for New BHPH Dealer Network

Nick Zulovich
OVERLAND PARK, Kan. — NCM Associates announced Thursday it is working collaboratively with automotive dealership technology provider AutoStar Solutions to form exclusive AutoStar 20 Groups for its buy-here, pay-here management software users. To kick off the effort, NCM will host ... [Read More]

CU Direct, First Associates Partner for Loan Servicing Solution

Nick Zulovich
ONTARIO, Calif. — CU Direct recently signed a new partnership agreement with First Associates Loan Servicing for what officials called "a best in class" loan servicing solution for credit unions. As a result of the partnership, the companies highlighted the ... [Read More]

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