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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

Another Lender Signs On to Group 1’s Existing Syndicated Credit Facility

Nick Zulovich
HOUSTON — Group 1 Automotive said Thursday a new partner has joined its existing $1.35 billion revolving credit facility. The latest to sign on is Volkswagen Credit, which will serve as a partner to the facility that expired in June ... [Read More]

CFPB Outlines Plans to Share Complaint Data with State-Level Agencies

Nick Zulovich
WASHINGTON, D.C. — If an individual reports a complaint about a dealer or auto finance company to the Consumer Financial Protection Bureau, data about the grievance likely will end up with state regulatory agencies, too. A top CFPB official on ... [Read More]

Volvo Taps Dealertrack as Exclusive Credit Application Processing Platform

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies and Volvo Car Financial Services today announced that the automaker's captive subsidiary has become a lender on the Dealertrack Credit Application Network. Officials highlighted Dealertrack is the exclusive credit application network through which Volvo's ... [Read More]

NCM, Greg Goebel Partner for Special Finance Training

Nick Zulovich
OVERLAND PARK, Kan. — To begin 2013, NCM Associates is expanding its educational programming focusing on special finance through an alliance forged with Greg Goebel Consulting and Training. Officials explained Goebel's training program is designed specifically for NCM's franchised dealer ... [Read More]

RDN: October Recoveries Extend Upward Trend

Nick Zulovich
REDWOOD CITY, Calif. — With auto lending increasing to subprime customers, the latest RDN Monthly Analytics Update showed October recovery volumes increased 7 percentage points from September levels, marking the second consecutive month-over-month jump. Furthermore, the October reading came in ... [Read More]

Concern Rising About Fiscal Cliff Impact on Auto Lending

Nick Zulovich
WEST BRIDGEWATER, Mass., and NEW YORK — More commentary from auto loan executives and industry analysts is combining "fiscal cliff" and "recession" into the same breath since time is dwindling for federal lawmakers to resolve tax and spending plan differences. ... [Read More]

J.D. Byrider Acquires Three BHPH Locations from Current Franchisee

Nick Zulovich
CARMEL, Ind. — Last week, J.D. Byrider added three formerly franchised locations to its portfolio of company-owned buy-here, pay-here dealerships.  Officials explained J.D. Byrider acquired the locations as part of a push to grow company-owned and managed locations, which the ... [Read More]

ABI: November Bankruptcy Filings Drop 12 Percent from Previous Year

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute said total bankruptcy filings in the U.S. for November decreased 12 percent compared to the previous year, according to data provided by Epiq Systems. Officials tallied that November bankruptcy filings totaled 86,946, down ... [Read More]

International AutoSource Partners with Enterprise Fleet Management to Help Expats with Vehicle Purchases & Leases

Nick Zulovich
WOODBURY, N.Y. — International AutoSource — a service provider that assists foreign expats who are moving to the United States lease or finance vehicles without a U.S. credit history — revealed a new partnership with Enterprise Fleet Management last week. ... [Read More]

CFPB and Justice Department Pledge to Avoid Duplication of Enforcement Efforts

Nick Zulovich
WASHINGTON, D.C. — With auto lenders, service providers and dealers being potential targets, the Department of Justice and the Consumer Financial Protection Bureau signed an agreement Thursday to strengthen coordination on fair lending enforcement and avoid duplication of their respective ... [Read More]

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