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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

TD Auto Finance Continues Significant Market Share Gains

Nick Zulovich
Experian 12.00 SCHAUMBURG, Ill. — The chart created by Experian Automotive almost couldn't contain the year-over-year growth posted by TD Auto Finance during the second quarter. TD Auto Finance's share of the overall lending market shot up by 333.6 percent ... [Read More]

Michigan Franchised Group Unveils First J.D. Byrider Location

Nick Zulovich
Experian 12.00 CARMEL, Ind. — A franchised dealer group decided to open a J.D. Byrider location to augment its Michigan operations with a buy-here, pay-here store. J.D. Byrider revealed this week that Serra Automotive rolled out the location two minutes ... [Read More]

DealerTrack Financing Tools Integrated into CarWoo Online Marketplace

Nick Zulovich
BURLINGAME, Calif.  — CarWoo and DealerTrack revealed this week that they are partnering to deliver payment calculation and credit application capabilities directly to CarWoo users. DealerTrack's PaymentDriver and FinanceDriver tools will now be directly integrated into the site's marketplace and ... [Read More]

GM Financial Details Latest Asset-Backed Securitization

Nick Zulovich
Experian 12.00 FORT WORTH, Texas — This week, General Motors Financial announced the pricing of a $1.3 billion offering of automobile receivables-backed securities through lead managers Deutsche Bank Securities, RBS and Wells Fargo Securities. The co-managers are Citigroup, Credit Suisse, ... [Read More]

Primeritus Financial Services Reveals Multiple Management Promotions

Nick Zulovich
NASHVILLE, Tenn., and EL DORADO HILLS, Calif. — Primeritus Financial Services recently announced several top management promotions at its California location and one promotion at its Tennessee office.  Among the promoted members of the El Dorado Hills, Calif., office are: ... [Read More]

Experian Pinpoints How Q2 Subprime Lending Rose Year-Over-Year

Nick Zulovich
SCHAUMBURG, Ill. — Lenders awarding new-vehicle contracts to customers in the nonprime, subprime and deep-subprime risk tiers grew by double digits year-over-year during the second quarter. Experian Automotive determined 25.41 percent of all new-vehicle loans went to customers in the ... [Read More]

More US Bank Contracts Being Transferred at Swapalease.com

Nick Zulovich
CINCINNATI — Swapalease.com might have found more evidence of improving credit for consumers. Since the end of May, site officials discovered US Bank customer approvals for taking over a contract on Swapalease.com climbed to an average of 73.7 percent, compared ... [Read More]

Automobile Acceptance Opens Five More Branches

Nick Zulovich
RIVERDALE, Ga. — Automobile Acceptance Corp., which has provided indirect lending to prime and subprime buyers in Georgia since 1989, recently added five branches, including two buy-here, pay-here dealerships, two franchised stores and one service center. Combined with its existing ... [Read More]

Remaining 2 California BHPH Bills Pass Easily

Nick Zulovich
SACRAMENTO, Calif. — Jan. 1 might be more important to California buy-here, pay-here dealers than it just being the first day of 2013. It also could be the day three bills now sitting on Gov. Jerry Brown's desk become laws ... [Read More]

SAFCo Broadens Lending Footprint into 4 More States

Nick Zulovich
FORT LAUDERDALE, Fla. — Non-prime lender Southern Auto Finance Co., expanded its market footprint into four more states this week. SAFCo now partners with nearly 3,000 dealerships in 14 states, now including Kansas, Missouri, North Carolina and Pennsylvania. Back in ... [Read More]

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