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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

Governor Signs 2 of 3 California BHPH Bills

Nick Zulovich
SACRAMENTO, Calif. — California buy-here, pay-here dealers will have more compliance procedures to maintain when Jan. 1 arrives, since two of the three bills aimed at changing how the industry operates were signed by Gov. Jerry Brown. But the measure ... [Read More]

Equifax: Auto Loan Figures Keep Rising

Nick Zulovich
ATLANTA — According to Equifax's latest monthly National Consumer Credit Trends Report, automotive credit balances and new accounts are increasing steadily with the number of new accounts opened in the first half approaching pre-recession levels. Analysts believe auto lending is ... [Read More]

Motozuma Expands Down Payment Savings Match to Used Cars

Nick Zulovich
NAPERVILLE, Ill. — Potential used-car buyers can now get a little help with their down payment, thanks to a new program announced recently by social-savings website Motozuma. By setting up a free Motozuma account to save for a down payment, ... [Read More]

Execs from Exeter Finance and American Honda Finance Elected to AFSA Leadership Roles

Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association recently announced two experienced, well-known executives were elected to join its board of directors. The new board members are Mark Floyd, vice chairman and chief executive officer of Exeter Finance Corp.; and ... [Read More]

MarkOne Holdings Unveils Expansion into Western US

Nick Zulovich
JACKSONVILLE, Fla. — Along with bolstering its executive team, MarkOne Holdings, a national automotive finance holding company already operating through regional subsidiaries serving the East Coast and the Midwest, broadened its scope this week so it can conduct lending operations ... [Read More]

CFPB Study Stresses Credit Scores Used by Consumers and Lenders Can Differ

Nick Zulovich
ST. LOUIS and WASHINGTON, D.C. — As the agency's new Consumer Advisory Board met for the first time, the Consumer Financial Protection Bureau declared its latest study shows discrepancies between the credit scores sold to creditors, lenders and finance companies ... [Read More]

AutoUSA Offers Dealers Free White Paper Covering Pre-Qualified Payment Options & Marketing

Nick Zulovich
FORT LAUDERDALE, Fla. — Offering its take on what is most important to consumers in the car-buying process, AutoUSA Internet Sales Solutions revealed Monday the availability of a free white paper for dealers. The report, titled, "Pre-Qualified Payment Marketing: Converting ... [Read More]

Credit Acceptance Completes $252.0 Million Asset-Backed Financing

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently completed a $252.0 million asset-backed non-recourse secured financing. Pursuant to this transaction, the company said it contributed loans having a net book value of approximately $315.1 million to a wholly-owned special purpose entity ... [Read More]

Latest FICO Research Examines Impact of Student Loan Debt

Nick Zulovich
MINNEAPOLIS — With student loan debt climbing by significant rates, are potential buyers who arrive in the showroom with high education repayment obligations going to have problems getting a vehicle loan? FICO examined the issue because officials said more lenders ... [Read More]

J.D. Byrider Bolsters Franchising Team

Nick Zulovich
INDIANAPOLIS — Buy-here, pay-here dealership chain J.D. Byrider recently announced a promotion and the addition of three new team members to support the company's franchise growth and development. Promoted to the position of director of franchise development is Jack Humbert, ... [Read More]

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