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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

Credit Acceptance Completes $201.3 Million in Asset-Backed Financing

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently completed $201.3 million asset-backed non-recourse secured financing. Pursuant to this transaction, the company calculated that its contributed loans having a net book value of approximately $251.7 million to a wholly-owned special purpose entity ... [Read More]

Experts Predict Evolution in Recovery Industry

Nick Zulovich
DALLAS — With an economic rebound still tenuous, recovery efforts by finance companies, credit unions and buy-here, pay-here dealers remain a critical part of doing business nowadays. As the industry ventures deeper in 2012, SubPrime Auto Finance News reached out to ... [Read More]

Mercedes-Benz Financial Services Launches Employee Program at Detroit Institute of Arts

Nick Zulovich
FARMINGTON HILLS, Mich. — Mercedes-Benz Financial Services revealed this week its employees will now have the opportunity to participate in a program facilitated by the Detroit Institute of Arts, which focuses on the sharing of art and culture. Through the ... [Read More]

FTC Files Charges Against California-Based Companies Promising Protection from Repossession and More

Nick Zulovich
WASHINGTON, D.C. — The Federal Trade Commission filed charges and requested that a U.S. district court put a stop to the allegedly deceptive tactics of two California-based auto loan modification operations. In a release revealed today, the FTC asserted that ... [Read More]

Prestige Financial Securitizes $245 Million Loan Portfolio

Nick Zulovich
SALT LAKE CITY — Prestige Financial Services recently completed its ninth rated term securitization, issuing $230,071,000 in securities backed by $244,756,951 in auto installment receivables. In a transaction led jointly by J.P. Morgan Securities and Wells Fargo Securities, the company ... [Read More]

Marine Coast Financial Joins Wolters Kluwer’s AppOne Platform

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services recently announced Marine Coast Financial — a company that initiates financing for marine dealerships in the western United States — joined the AppOne platform. Wolters Kluwer reiterated AppOne can help to automate the indirect ... [Read More]

Ally Maintains Momentum

Nick Zulovich
DETROIT — As the top auto finance provider in the U.S., according to AutoCount by Experian Automotive, Ally is continuing its strong momentum, with solid year-over-year growth in total vehicle financing (up 27 percent). Ally continues to grow across its new- ... [Read More]

TrueCar Names Dealer Development VP

Nick Zulovich
SANTA MONICA, Calif. — TrueCar revealed a new vice president of dealer development late last week, and appointed to the position was Ken Potter. His responsibilities in the new role include managing field sales and inside account management teams, as well ... [Read More]

CUDL White Paper Focuses on ‘Keys’ to Successful Indirect Lending

Nick Zulovich
ONTARIO, Calif. — CUDL recently released a new white paper that focuses on the “keys” to successful credit union indirect auto lending programs. The white paper, titled  “'Successful Indirect Auto Lending Programs Build on Credit Union Strengths in Relationship and ... [Read More]

TransUnion: Consumers Are Paying Auto Loans Before Other Credit Bills

Nick Zulovich
CHICAGO — In order of credit importance in consumers' eyes, TransUnion discovered this week that an auto loan ranks No. 1. TransUnion recently updated a study that found in 2011 consumers were more likely to pay their auto loans before their ... [Read More]

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