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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: Potential Turbulence Ahead in Subprime Auto ABS Performance

Nick Zulovich
NEW YORK — Fitch Ratings' newest U.S. auto ABS index indicated subprime loans are showing more weakness of late while performance for U.S. prime auto ABS is still on solid footing. Analysts said auto loan ABS produced the strongest performance ... [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]

Regional Acceptance Chooses Dealertrack Technologies to Provide Vehicle Title Administration

Nick Zulovich
LAKE SUCCESS, N.Y. — Building on an existing partnership, Dealertrack Technologies today announced that Regional Acceptance Corp. successfully moved its title administration processing to Dealertrack's Total Title Solution. In addition to Total Title Solution, Regional Acceptance, headquartered in Greenville, N.C., ... [Read More]

January’s Subprime Buying Pace Seen as Foundation for Good Used Sales Year

Nick Zulovich
BANDON, Ore. — CNW Research said the number of subprime buyers in January soared nearly 60 percent versus a year ago while at the same time transactions at buy-here pay-here dealerships jumped 8.2 percent year-over-year. What do the trends say ... [Read More]

CarMark Auto Finance Program Offers Opportunity for Dealers, Lenders

Nick Zulovich
CARY, N.C. — A new residual-based financing program from the creators of the CarMark Certified Pre-Owned program, called CarMark Auto Finance, is hitting its stride just in time for dealers to take advantage of the opportunity during the profitable first ... [Read More]

FTC Bans & Fines Sellers of Alleged Fraudulent Auto Loan Modifications

Nick Zulovich
WASHINGTON, D.C. — In a recent settlement with the Federal Trade Commission, two California-based companies and their principals, who allegedly took hundreds of thousands of dollars from consumers, are banned from marketing auto loan relief or any other type of ... [Read More]

NextGear Capital’s Geitner Outlines Benefits of New Company

Nick Zulovich
CARMEL, Ind. — In their merger to form NextGear Capital, Manheim Automotive Financial Services and Dealer Services Corp. each bring something unique to the table that can benefit dealers and auctions. That's the word from Brian Geitner, president of the ... [Read More]

NextGear Capital Debuts from DSC-MAFS Merger

Nick Zulovich
CARMEL, Ind. — With the merger of Manheim Automotive Financial Services and Dealer Services Corp., a new inventory finance entity has been announced this morning. NextGear Capital is the new name for the merged lenders, following Manheim's acquisition of DSC ... [Read More]

CarMark Certified Program Expands Eligibility to 2005 Model-Years & Newer

Nick Zulovich
CARY, N.C. — CarMark Certified Pre-Owned, a leading third-party vehicle certification program, recently announced that it is expanding its offerings in order to provide more flexibility for its dealer base and additional options for consumers. The CarMark Certified program, which ... [Read More]

3 Republican Senators Out to Block CFPB Actions in Light of Appeals Court Decision

Nick Zulovich
WASHINGTON, D.C. — By the time an assistant director from the Consumer Financial Protection Bureau makes a return engagement as the keynote speaker during the National Automotive Finance Association's annual conference this summer, the agency's structure and regulatory power could ... [Read More]

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