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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

Fitch Describes Latest US Auto ABS Performance as ‘Speed Bump’

Nick Zulovich
NEW YORK — Fitch Ratings discovered this week that both prime and subprime U.S. auto ABS losses have risen in recent months. However, analysts think the trend is likely a "speed bump" that's fleeting as the sectors enter a seasonally ... [Read More]

Reshuffle Brings New Marubeni Executive to Westlake Financial Services

Nick Zulovich
LOS ANGELES — Marubeni Corp., which owns a 20 percent stake in Westlake Financial Services and has two seats on the company board, announced the promotion of an executive to general manager of Marubeni Automotive Department-I among other changes. Relocating ... [Read More]

ARA and NFA Merge Into One Trade Association, Roll Out New Forwarding Co-op

Nick Zulovich
AUSTIN, Texas — In developments that likely will affect many repossession agencies, lenders' recovery departments and repo units coming down the lanes, the American Recovery Association and National Finance Adjusters merged into one trade association this week. Officials explained the ... [Read More]

TransUnion: Non-prime Originations, Delinquencies Rose During Second Half of 2012

Nick Zulovich
CHICAGO — While noticing a surge in non-prime originations, TransUnion came out Tuesday saying that the national auto loan delinquency rate moved higher to close 2012 but continued to remain near historic low levels. TransUnion determined the ratio of borrowers ... [Read More]

700Credit Announces Integration Partnership with ADAM Systems

Nick Zulovich
TORRANCE, Calif. — 700Credit, one of the nation's largest credit reporting agencies offering a suite of value-added compliance services to more than 4,000 dealers, recently formed an integration partnership with ADAM Systems. Officials explained this agreement will allow ADAM Systems ... [Read More]

NextGear Capital Closes $1.55 Billion Financing Securitization

Nick Zulovich
CARMEL, Ind. — NextGear Capital recently closed a $1.55 billion securitized bank facility. Led by the Bank of Tokyo-Mitsubishi, the company highlighted the two-year securitized facility provides flexibility and tremendous lending capacity through a large six bank syndicate. Executives noted ... [Read More]

Sonic Stretches F&I Revenue by Double-Digits; Lithia, Group 1 Looking for More

Nick Zulovich
CHARLOTTE, N.C. — It was a busy year in the F&I office at Sonic Automotive dealerships, as the retailer increased revenue in the finance, insurance and other category by nearly 20 percent in 2012. Sonic closed the year by pushing ... [Read More]

Chase Auto Finance Taps New CEO

Nick Zulovich
NEW YORK — Chase Auto Finance appointed a new chief executive officer today, succeeding Marc Sheinbaum who has asked to pursue other opportunities. Moving into the role is Thasunda Brown Duckett who previously was part of Chase's consumer and community ... [Read More]

CNW: February Subprime Approvals on Softening Trend

Nick Zulovich
BANDON, Ore. — While approvals for subprime deals is one of the factors that appears to be taking some steam out of new-vehicle sales momentum this month, CNW Research also noticed that the percentage of used-vehicle contracts with buyers having ... [Read More]

Car-Mart Grows Q3 Sales by 16 Percent as Competition Heightens

Nick Zulovich
BENTONVILLE, Ark. — As more lenders are buying deeper into subprime pools, buy-here, pay-here dealership chain America's Car-Mart managed to post a 16-percent increase in the number of units sold during the third quarter of its fiscal year. Car-Mart turned ... [Read More]

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