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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

ABA Economic Advisory Committee Cautious about US Growth Potential

Nick Zulovich
WASHINGTON, D.C. — With analysts maintaining that subprime auto lending is surging, the Economic Advisory Committee of the American Bankers Association recently issued a cautionary assessment about how the U.S. economy will continue to grow at a moderate pace. However, ... [Read More]

Connecticut Dealer Arrested in Connection with Sale for Private Owner

Nick Zulovich
HAMDEN, Conn. — A Connecticut independent dealer believes charges of larceny, forgery and misapplication of property will be dismissed in connection with selling a vehicle for a private owner. Earlier this week, police in Hamden, Conn., arrested David Taylor, the ... [Read More]

AWARE Offers Tips for First-Time Buyers

Nick Zulovich
WASHINGTON, D.C. — With many young adults fresh from high school and college graduations, officials from Americans Well-Informed on Automobile Retailing Economics (AWARE) shared several tips for these individuals who might be ready to buy their first vehicle. AWARE emphasized ... [Read More]

LEAP Financial Suspends Lease Originations

Nick Zulovich
SAN DIEGO — Low loan default rates and high prices on repossessions are factors in one vehicle leasing company's decision to suspend lease originations. LEAP Financial on Thursday announced it is suspending originations of leases due to capital constraints. Company ... [Read More]

DRN and MVTRAC Execs Explain Efforts to Stop LPR Regulation in California

Nick Zulovich
FORT WORTH, Texas, and PALATINE, Ill. — Imagine repossessing a vehicle and completing the recovery process for collateral in California without license plate recognition technology. Leaders of both Digital Recognition Network and MVTRAC are cheering this week that the scenario ... [Read More]

ABA Unveils Free Fair Lending Compliance Resource

Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association recently released a free, members-only resource to assist bankers with their continued compliance with fair lending laws. Officials highlighted the Toolbox on Fair Lending is intended to provide practical examples, how-to's and templates ... [Read More]

OIADA Applauds New Law for Mandated Training Before Used Dealers Receive License

Nick Zulovich
COLUMBUS, Ohio — Jim Mitchell wanted to witness Ohio Gov. John Kasich sign Senate Bill 245 into law earlier this week since the legislation eight years in the making is aimed at assisting independent dealers in becoming successful. The executive ... [Read More]

ABI: May Consumer and Commercial Bankruptcy Filings Dip

Nick Zulovich
ALEXANDRIA, Va. — With the expectation of more declines, the American Bankruptcy Institute determined May filings dropped by double digits year-over-year, according to data provided by Epiq Systems. Total bankruptcy filings in the United States for May decreased 11 percent ... [Read More]

Fitch: April Marks ‘Stellar’ Month for U.S. Auto ABS

Nick Zulovich
NEW YORK — Fitch Ratings called U.S. auto loan ABS performance in April "stellar" as its latest index results showed several record readings. Analysts determined prime auto asset-backed securities (ABS) delinquencies and losses dropped in April to the lowest levels ... [Read More]

DealerTrack Launches New Solution to Enhance Online Financing Process

Nick Zulovich
LAKE SUCCESS, N.Y. — To help stores generate more quality finance leads and streamline online vehicle purchasing, DealerTrack recently introduced FinanceDriver, which the company is calling a "robust" Web-based financing service for dealer and third-party websites. FinanceDriver, which was previewed ... [Read More]

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