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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

Comerica: Auto Affordability Improves In Second Quarter

Nick Zulovich
DALLAS — Comerica Bank's Auto Affordability Index showed the purchase and financing of an average-priced new vehicle took a little less of median family income during the second quarter. Analysts placed the Q2 level at 22.9 weeks as Comerica indicated ... [Read More]

CU Direct’s Board Welcomes New Director, Associate Director

Nick Zulovich
ONTARIO, Calif. — CU Direct Corp., provider of lending solutions to credit unions through its CUDL, Lending Insights, Lending 360, CUDL Retail and Vero brands, added a new associate director and director to its board of directors. Appointed as a ... [Read More]

FDIC: Number of Unbanked and Underbanked Households on the Rise

Nick Zulovich
WASHINGTON, D.C. — Along with a bruised credit history, sometimes subprime buyers — especially ones who might be doing business with buy-here, pay-here dealers — might not even have a bank account, a trend the Federal Deposit Insurance Corp. says ... [Read More]

Ally Financial Introduces Ally Balloon Advantage in 2 States

Nick Zulovich
DETROIT — Ally Financial is launching Ally Balloon Advantage in New York and California this week as part of its broad set of financing options for dealers to turn both new and used models. The company plans to make the ... [Read More]

Experian Describes Leasing Activity as ‘Very Stable’

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive discovered that new-vehicle leasing continued on a steady pace during the second quarter, coming in with a level similar to what the industry has generated outside of the worst point of the recent recession. Analysts ... [Read More]

SunTrust to Participate on RouteOne’s eContracting Platform

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced this week that SunTrust Bank is now participating on RouteOne's eContracting platform. According to data from Experian Automotive, SunTrust ranked among the top 20 auto lenders based on second quarter market share. The bank's ... [Read More]

7 Elements Vital to BHPH Success

Nick Zulovich
HOUSTON — New developments in the buy-here, pay-here industry are happening at an unprecedented pace, and new operators are entering the business in record numbers. Both new entrants and experienced operators are seeking exceptional profit opportunities in the low yielding ... [Read More]

UACC Partners with AUL

Nick Zulovich
NAPA, Calif. — California-based non-prime auto finance company United Auto Credit recently selected fellow Golden State operation AUL to be its national service contract provider, creating what top executives described as a formidable team based on the combined strength of ... [Read More]

August Bankruptcy Totals Rise 7 Percent

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute reported total bankruptcy filings in the United States for the month of August increased 7 percent compared to July, according to data provided by Epiq Systems. Officials tabulated August bankruptcy filings totaled 104,336, ... [Read More]

Reynolds Integrates DMS Products with Provider Exchange Network

Nick Zulovich
DAYTON, Ohio — Reynolds and Reynolds has announced the availability of integration between the Reynolds ERA and POWER dealership management systems and the Provider Exchange Network, or PEN, which it calls a "digital pipeline" connecting F&I product providers with the ... [Read More]

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