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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

Survey: Majority of Consumers Uncertain of Loan Approval Potential

Nick Zulovich
NORWALK, Conn. — Despite signals of a growing U.S. auto industry recovery as well as the overall economy, a February FreeScore.com survey revealed nearly 66 percent of consumers think it will be just as difficult — or even harder — ... [Read More]

Nissan Motor Acceptance Announces New Financial Services, Remarketing Directors

Nick Zulovich
FRANKLIN, Tenn. — Nissan revealed today some changes in the senior leadership for its financial arm, gaining a new director of financial services, as well as a new director of remarketing, to name a few. Tapped for the position of ... [Read More]

CFPB’s Cordray Wants Lending Landscape Where ‘Honest Businesses Can Succeed’

Nick Zulovich
AUSTIN, Texas — This week, Consumer Financial Protection Bureau director Richard Cordray made his highly anticipated appearance at the annual gathering of the Consumer Bankers Association. While Cordray specifically mentioned the mortgage industry and not the auto finance sector, the ... [Read More]

CNW: Using Home Equity Loans for Vehicle Purchases on the Rise

Nick Zulovich
BANDON, Ore. — As many may remember, using a home-equity loan to make a new-vehicle purchase was a key method for acquiring a vehicle prior to the recession and the house-price collapse, according to CNW Research. But firm president Art ... [Read More]

CarHop Opens First Rooftop in Wisconsin

Nick Zulovich
FITCHBURG, Wis. — Buy-here, pay-here dealership chain CarHop revealed this week it is opening its first Wisconsin-based rooftop. The new store is located in Fitchburg, a suburb of Madison, at 3045 Oregon Rd Fitchburg, Wis. 53713, officials announced. “At CarHop, ... [Read More]

Toyota Financial Services Unveils New Excess Wear & Use Protection Plan

Nick Zulovich
TORRANCE, Calif. — Geared to provide added assurance and enhance the lease experience for their customers, Toyota Financial Services and Lexus Financial Services this week rolled out the Excess Wear & Use Protection Plan, the newest product to join the ... [Read More]

CARS Unveils Free Open-Source IBEAM Portal

Nick Zulovich
RALEIGH, N.C. — Consolidated Asset Recovery Systems launched a new open-source, freeware version of its IBEAM Web portal to the agent and lender community. The company highlighted this new version of IBEAM — available after April 15 — will be ... [Read More]

DealerTrack Expands Integrated Services to Assist Dealers in Complying with New California Law

Nick Zulovich
TALLAHASSEE, Fla. — DealerTrack Registration and Titling Services Group now offers a new solution for California dealers so they can comply with a new state law that goes into effect beginning in July. With the passage of Assembly Bill 1215 ... [Read More]

WP Reports Capitol Sees Auto Loan Porfolios Grow

Nick Zulovich
WASHINGTON, D.C. — According to a weekend report from The Washington Post, auto loan growth in on the rise, especially in the Capitol. The WP reported that low interest rates contributed to the uptick in top auto lender’s portfolios in ... [Read More]

J.D. Power: Leasing Remains Stable

Nick Zulovich
WESTLAKE VILLAGE, Calif. — Though down more than 3 percentage points from an "exceptionally high" year-ago period, lease penetration rates remained steady in the near-20-percent range during February, thanks to relative stability in lease return volume and consistent incentives, according ... [Read More]

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