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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

CNW: Subprime Loan Approvals Aid Strongest Used-Vehicle Sales Forecast Since 2007

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 BANDON, Ore. — Subprime auto loan approvals jumped by at least 40 percent during each of the last four months of 2012, according to data produced by CNW Research. December's year-over-year ... [Read More]

Credit Acceptance, Nicholas Financial Adjust Credit Deals to Close Year

Nick Zulovich
SOUTHFIELD, Mich. and CLEARWATER, Fla. — Credit Acceptance Corp. and Nicholas Financial each modified credit arrangements to wrap up 2012 financial activities. At Credit Acceptance, the company extended the date on which its $325.0 million revolving secured warehouse facility will ... [Read More]

As New California BHPH Laws Take Effect, NIADA Reflects on What Might Have Been

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 SACRAMENTO, Calif. — Buy-here, pay-here dealers in California began 2013 with more state regulations. But reflecting back on what the potential rules might have been, the National Independent Automobile Dealers Association ... [Read More]

SubPrime Auto Finance News Announces Major Redesign

Nick Zulovich
CARY, N.C. — Print subscribers should notice SubPrime Auto Finance News having a significantly different look when the first print edition of 2013 arrives. Marking the first large redesign of the print edition since being launched seven years ago, management ... [Read More]

CPS Reveals $160 Million Senior Subordinate Asset-Backed Securitization

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services this week announced the closing of its fourth term securitization of the year. Officials said the transaction is CPS' seventh senior subordinate securitization since 2011. In the transaction, qualified institutional buyers purchased $160 million ... [Read More]

NCM Adds Four Associates to Expand Franchised and BHPH Dealer Services

Nick Zulovich
OVERLAND PARK, Kan. — NCM Associates hired four new associates to serve its retail automotive clientele, including the franchised and buy-here, pay-here dealer segments. Joining the company as executive conference moderators for the 20 Groups division under Kevin Cunningham are ... [Read More]

VW Credit Taps FIS AutoSuite as Finance Solution

Nick Zulovich
JACKSONVILLE, Fla. — FIS recently announced that VW Credit will deploy FIS' AutoSuite automotive finance solution for its North American loan and lease processing. Officials also highlighted VW Credit will deploy FIS' Default Manager solution for customer service, collections and ... [Read More]

TransUnion: 2013 Auto Loan Forecast Predicts Low Delinquency Rate, Spike in Debt

Nick Zulovich
CHICAGO — TransUnion projected the ratio of auto loan borrowers 60 or more days past due will remain near record-low levels throughout next year as the amount of vehicle debt per consumer will continue its uptrend in 2013. Analysts predicted ... [Read More]

Competitive Landscape Highlights Subprime Market’s Rebound

Nick Zulovich
IRVING, Texas — The subprime auto finance market certainly changed in the past 12 months. A host of factors such as pent-up demand and significant capital injections created a situation of companies reentering the subprime sector after shying away from ... [Read More]

Westlake Partner Releases Major Update to DealerCenter Website

Nick Zulovich
LOS ANGELES — Westlake Financial Services announced a major update to the DealerCenter website, which is operated by Nowcom Corp., Westlake's sister company under the Hankey Investment Group umbrella. DealerCenter is the business portal that houses Westlake's proprietary Buy Program ... [Read More]

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