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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

Enterprise Car Sales Drives $380M in 2012 Loan Volume to Credit Unions

Nick Zulovich
ST. LOUIS — Enterprise Car Sales, which specializes in working with credit unions of all sizes to increase auto loan volume, said it generated a total of more than $380 million in loan volume for credit unions through used-vehicle sales ... [Read More]

NADA Reminds Dealers about IRS Filing Regarding Single Consumer Payments of $10K or More

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE McLEAN, Va. — The National Automobile Dealers Association reminded members about a particular tax form that must be filed before the end of the month. NADA explained that dealers who receive more ... [Read More]

GE Capital and KTM North America Extend Consumer Financing Program

Nick Zulovich
STAMFORD, Conn. — GE Capital Retail Bank and KTM North America, a powersports unit manufacturer, recently announced a multi-year extension of their consumer financing program. GE Capital Retail Bank provides financial solutions to retailers and dealers to help grow their ... [Read More]

DBRS: More Credit Loosening Coming in 2013

Nick Zulovich
NEW YORK — Investment research firm DBRS expects that lenders will begin to loosen credit standards to achieve growth strategies as the auto finance market continues to improve, competition increases and credit availability resumes. As a result, the firm contends ... [Read More]

US Bank Data Shows 2012 Credit Approvals Jump by More Than 25 Percent From Previous Year

Nick Zulovich
CINCINNATI — Swapalease.com highlighted this week that customer credit approvals based on U.S. bank data jumped 27.3 percent in 2012 compared with approval rates from the previous year. Most notably, the site pointed out that the last two months of ... [Read More]

Ally Financial Declares More Dividends on Preferred Stock, Sending More Money to US Treasury

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE DETROIT — On Thursday, Ally Financial's board of directors declared quarterly dividend payments for certain outstanding preferred stock. These dividends are payable on Feb. 15. The company indicated a quarterly dividend payment ... [Read More]

Safe-Guard Bought by Goldman Sachs Affiliate

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE ATLANTA — Safe-Guard Products International, an F&I provider in the auto industry, announced recently it has been purchased from H.I.G. Capital by an affiliate of Goldman Sachs, in partnership with management. "Safe-Guard ... [Read More]

Average Bank Auto Loan Rates Dip as Delinquencies for These Contracts Rise

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE WASHINGTON, D.C. — As the Federal Reserve determined the average interest rates on new-vehicle loans from commercial banks ticked to the lowest point in recent memory, the American Bankers Association's latest Consumer ... [Read More]

Car-Mart Ventures into New State as BHPH Chain Opens 119th Dealership

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE BENTONVILLE, Ark. — America's Car-Mart increased its network of buy-here, pay-here dealerships on Tuesday by rolling out its 119th store in previously uncharted territory. The newest location and the fifth the company ... [Read More]

SFG Finance’s Senior VP of Acquisitions Set to Retire

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE ARLINGTON, Texas — SFG Finance announced Tuesday that the company's senior vice president of acquisitions, Robert Chickowski, will soon be retiring. Chickowski is stepping away from the company on Jan. 31. SFG ... [Read More]

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