Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
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

Fed Finds Auto Lending to be ‘Bright Spot’

Nick Zulovich
WASHINGTON, D.C. — Auto lending has proven to be solid throughout much of the country over the past six weeks, according to the latest Beige Book report from the Federal Reserve, which indicated a modest increase for overall lending (auto ... [Read More]

Loan Portfolio Servicing Ready to Ramp up Subprime Loan Management

Nick Zulovich
FORT WORTH, Texas — This week, Loan Portfolio Servicing — sister company of the newly rebranded Caprock Auto Remarketing — started its full-scale launch as a national third-party servicer of subprime automotive loans. LPS president Scott France highlighted the company ... [Read More]

6 California Credit Unions Join cuautocoupon Network

Nick Zulovich
HAUPPAUGE, N.Y. — Management from cuautocoupon — a program geared to help drive more business to credit unions and dealerships — recently announced the signing of six credit unions to its growing California network. The largest of the new additions ... [Read More]

Regions Bank Partners with TrueCar to Launch Auto Shopping & Buying Website

Nick Zulovich
BIRMINGHAM, Ala. — Regions Bank has partnered with TrueCar Inc. in an effort to make vehicle shopping easier for its users. Regions Bank customers and non-customers can now research, shop for, finance and insure a new or used vehicle through ... [Read More]

Moody’s: Internal Credit Scores Are Critical to Subprime Lenders’ Loss Projections

Nick Zulovich
NEW YORK — Moody's Investors Service explained that subprime auto lenders, in particular, use historical granular customer and loan characteristics to build and refresh custom scores that can supplement the information contained in FICO scores. Since auto lenders often develop ... [Read More]

Consumers Wary of Unstable Job Market Send ‘Mixed Signals’ to Auto Industry

Nick Zulovich
CINCINNATI — With unemployment rates high, the job market remains unstable, and it seems to be affecting the auto industry, as well. Although consumers are not so much concerned with increased car payments, their worry lies in the length of ... [Read More]

Automotive Compliance Consultants Offers No-Markup Credit Reports

Nick Zulovich
CRYSTAL LAKE, Ill. — Automotive Compliance Consultants insisted dealers subscribing to its services can save as much as $650 a month in credit bureau report markup fees. From the firm's Compliance Solved Web dashboard, subscribing dealers can download reports from ... [Read More]

ABA Warns Dealers About How to Combat Fraud, Cyber Security Breaches

Nick Zulovich
WASHINGTON, D.C. — American Bankers Association cautioned that cybercriminals are increasingly targeting small businesses such as dealerships, to transfer funds from accounts and steal private information, a fraud referred to as "corporate account takeover." The association contends that criminals can ... [Read More]

Exeter Finance Expands and Extends Warehouse Credit Facility

Nick Zulovich
IRVING, Texas — Exeter Finance Corp. recently announced the expansion and extension of its warehouse credit facility to $1.075 billion of available borrowing capacity from the previous level of $600 million. Management from the specialty auto finance company indicated the ... [Read More]

First Investors Announces Special Meeting of Shareholders to Consider Merger

Nick Zulovich
HOUSTON — First Investors Financial Services Group revealed when it's going to conduct the special meeting of shareholders to consider and vote upon a proposal to approve and adopt the previously announced definitive merger agreement with FIFS Holdings Corp. The ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X