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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

FTC Study: 1 in 5 Consumers Have At Least 1 Error on Credit Report

Nick Zulovich
WASHINGTON, D.C. — As the agency decided to extends deadline for comments on proposed modifications to its Used Car Rule, the Federal Trade Commission said its annual study of the U.S. credit reporting industry found that 5 percent of consumers ... [Read More]

Equifax: Total Outstanding Auto Debt at Highest Point in 4 Years

Nick Zulovich
ATLANTA — While analysts found the number of consumers considered to be subprime borrowers is actually decreasing in some of the nation's largest cities, Equifax's latest National Consumer Credit Trends Report showed the amount of auto loan debt rose to ... [Read More]

American Honda Finance, Dealertrack Technologies Form Exclusive Partnership

Nick Zulovich
LAKE SUCCESS, N.Y. — Along with unveiling several mobile solution offerings during the National Automobile Dealers Association Convention & Expo this past weekend, Dealertrack Technologies and American Honda Finance Corp.  formed an exclusive, long-term strategic partnership agreement. Officials highlighted the ... [Read More]

RouteOne Introduces New Solution to Help Dealers Convert Online Shoppers into F&I Customers

Nick Zulovich
FARMINGTON HILLS, Mich. — Along with developments connected with Dominion Dealer Solutions, RouteOne introduced FinanceConnect, a new product designed to help dealers quickly convert online vehicle shoppers into F&I customers. Officials highlighted FinanceConnect can offer dealers a customizable credit application ... [Read More]

IFMG, Get Auto Partner to Expand Dominion Performance Network

Nick Zulovich
RICHMOND and NORFOLK, Va. — Last week, Interactive Financial Marketing Group, a division of Dominion Enterprises, joined with its sister company, Get Auto, to provide dealers with extended marketing reach via the Dominion Performance Network (DPN). Officials highlighted this new ... [Read More]

Dealertrack Technologies and AutoTrader.com Partner for Digital Financing Tool

Nick Zulovich
LAKE SUCCESS, N.Y., and ATLANTA — Geared to help ease the transition from online shopping to in-store buying for both consumers and dealers, Dealertrack Technologies and AutoTrader.com formed a strategic partnership to bring dealer-driven (indirect) automotive financing to vehicle shoppers ... [Read More]

Penske Outlines Strategy to Boost F&I Gross Profit

Nick Zulovich
BLOOMFIELD HILLS, Mich. — Penske Automotive Group isn't satisfied with F&I gross profit per retail sale in 2012 coming in at $1,000 when others franchised dealer groups have higher levels. Chairman Roger Penske explained this week that F&I is a ... [Read More]

Automobile Consumer Services Forms Partnership with LendingTree Autos and CreditSmarts.com

Nick Zulovich
CINCINNATI — Automobile Consumer Services, a provider of direct-to-consumer financing and leasing services, recently entered into a joint agreement with LendingTree Autos and CreditSmarts.com. The deal is designed to offer competitive financing options for consumers of LendingTree Autos and to ... [Read More]

Chrysler, Santander Consumer USA Create Captive Arm

Nick Zulovich
AUBURN HILLS, Mich. — As was reportedly coming, Chrysler Group and Santander Consumer USA joined forces Wednesday for an agreement to provide a full spectrum of auto financing services to Chrysler and Fiat customers and dealers under the name Chrysler ... [Read More]

Pelican Auto Finance, Private Equity Firm Reach $50 Million Partnership

Nick Zulovich
CHERRY HILL, N.J. — Subprime lender Pelican Auto Finance recently received an initial equity investment from funds affiliated with private equity firm Flexpoint Ford. Officials said Flexpoint Ford also has been granted the option to invest up to $50 million ... [Read More]

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