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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

Coastal Credit’s Holding Company to Merge with California Private Equity Firm in Nearly $80 Million Deal

Nick Zulovich
RANCHO SANTA FE, Calif. — White River Capital and its wholly-owned subsidiary Coastal Credit — a specialized auto finance company founded back in 1987 — are being merged with a California-based private equity firm. Officials announced this week that Boston-based ... [Read More]

GM Financial’s Newest Asset-Backed Securitization Totals $1 Billion

Nick Zulovich
FORT WORTH, Texas — For the second time since just after Labor Day Weekend, General Motors Financial announced the pricing of an offering of automobile receivables-backed securities. This week, GM Financial announced the pricing of a $1.0 billion offering through ... [Read More]

DriveTime Picks Duncan/Channon to Lead Advertising Efforts

Nick Zulovich
SAN FRANCISCO — Buy-here, pay-here dealership chain DriveTime recently chose Duncan/Channon to lead its advertising efforts. DriveTime said its new agency will create and execute a new campaign, including TV and radio, that's expected to launch early next year. Company ... [Read More]

TransUnion: Auto Loans Ignite Strongest Canadian Personal Debt Growth in 2 Years

Nick Zulovich
TORONTO — TransUnion's quarterly analysis of Canadian credit trends showed that the average consumer's total debt — excluding mortgages — increased at its greatest rate in nearly two years, sparked in part by a climb in auto loan commitments. The ... [Read More]

NABD to Open 2013 with Second-Ever Boot Camp

Nick Zulovich
HOUSTON — Since the intimate training event the National Alliance of Buy-Here, Pay-Here Dealers conducted last summer went so well, the organization is ready to do it again to begin 2013. NABD said it will host its second-ever BHPH boot ... [Read More]

AutoStar Solutions Announces Free BHPH Dealership Software Offer

Nick Zulovich
FORT WORTH, Texas — Technology provider AutoStar Solutions recently announced its dealer management software system, Fusion Ignite, will be made available at no upfront cost to independent dealers in qualifying states. As part of this promotion, the company said buy-here, ... [Read More]

FEX DMS Dealers Exceed $1B in Active Receivables

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express announced this week that its dealers using the FEX BHPH Platform are managing in excess of $1 billion of active receivables. Finance Express attributed this growth to an increase in its buy-here, pay-here ... [Read More]

GM Financial Partners with OPENLANE, DataScan Field Services for Off-Lease Remarketing Program

Nick Zulovich
FORT WORTH, Texas — General Motors Financial on Tuesday revealed alliances with both OPENLANE and DataScan Field Services to support a new online remarketing program for off-lease vehicles. The GM Financial DealerSource program is designed to be used by GM ... [Read More]

Global Lending Services Fills out Senior Executive Team

Nick Zulovich
ATLANTA — After the company acquired the assets of Resurgent Auto Finance back in August and secured nearly $100 million in funding from a New York-based investment firm, Global Lending Services recently bolstered its executive team — a contingent that ... [Read More]

Dealertrack to Host Free Webinar on Website Compliance

Nick Zulovich
LAKE SUCCESS, N.Y. — Coming this week is the next session in a series of webinars from Dealertrack Technologies on best practices associated with compliance. The free webinar, which will hosted by Dealertrack compliance counsel Randy Henrick, will focus on ... [Read More]

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