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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

As Auto Originations Climb, Equifax Introduces New Tool to Understand Customers’ Credit Capacity

Nick Zulovich
ATLANTA — As the company's data showed auto loan originations now are at the highest level in five years, Equifax rolled out a new solution this week geared to help finance companies and dealers gain a better understanding of their ... [Read More]

Peak Acceptance Announces Partnership with LendingTree Auto Services and CreditSmarts.com

Nick Zulovich
DALLAS — Peak Acceptance — which purchases retail installment contracts from dealers, maintains store relationships and manages the interface with third party servicing providers — entered into a joint agreement this week with LendingTree Auto Services and CreditSmarts.com to provide ... [Read More]

AFSA, NVLA Voice Concern About Georgia’s Tax Changes Regarding Leased Vehicles

Nick Zulovich
WASHINGTON, D.C. —  This week, the American Financial Services Association and the National Vehicle Leasing Association joined forces to urge Georgia lawmakers to reconsider legal changes in regard to financing companies paying taxes when vehicles are leased. Officials used the ... [Read More]

Santander Switching Title Administration Processing to Dealertrack Technologies

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies announced today that Santander Consumer USA will be moving its title administration processing to Dealertrack's Total Title Solution next year. Officials said Santander made the decision to move its vehicle title management to Dealertrack ... [Read More]

S&P/Experian: Auto Default Rate Rise Now at 3 Straight Months

Nick Zulovich
NEW YORK — For the third month in a row, auto loan defaults inched higher according to the latest data incorporated into the S&P/Experian Consumer Credit Default Indices. The October information compiled by S&P Dow Jones Indices and Experian showed ... [Read More]

Westlake Obtains New Credit Facility from Japanese Finance Firm

Nick Zulovich
LOS ANGELES — This week, Westlake Financial Services established a new $30 million credit facility with MG Leasing Corp., a Japanese leasing company. Officials said the credit facility collateralizes Westlake's auto finance receivables. Westlake chief operating officer Paul Kerwin noted ... [Read More]

Vincentric Releases Automotive Lending Decision Support Tool

Nick Zulovich
BINGHAM FARMS, Mich. — Vincentric, a provider of automotive cost of ownership data in the U.S. and Canada, recently added an automotive lending decision support tool to its current product line. The company explained its system — Vincentric Dynamic Cost ... [Read More]

CNW: Subprime Approvals Up Again as Credit Card Use Rises for Down Payments

Nick Zulovich
BANDON, Ore. — The year-over-year gain for subprime approvals this month isn't as strong as the jumps were in September or October, but CNW Research said the climb is still tracking nearly 50 percent higher. Analysts indicated subprime approvals are ... [Read More]

GM Financial Acquires Ally’s Remaining Foreign Operations

Nick Zulovich
DETROIT — As the industry prepared to depart for the Thanksgiving holiday last week, General Motors Financial announced how much cash it was getting from its parent automaker to acquire the remaining foreign operations of Ally Financial. Officials said GM ... [Read More]

Fitch: Still-Strong Wholesale Values Push US Auto ABS Losses Lower

Nick Zulovich
NEW YORK — Still-strong wholesale vehicle values resulted in yet another decline for U.S. auto ABS losses, according to the latest index results from Fitch Ratings. Analysts said October auto ABS losses also remained stable as the new model season ... [Read More]

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