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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

TransUnion: National Auto Loan Delinquencies Drop for Ninth Straight Quarter

Nick Zulovich
CHICAGO — TransUnion determined this week the national auto delinquency rate — the rate of borrowers 60 or more days past due — decreased on a year-over-year basis for the ninth consecutive quarter. Analysts indicated delinquencies dropped from 0.59 percent in the ... [Read More]

Ace Motor Acceptance Ramps Up Offerings, Focuses on BHPH Segment

Nick Zulovich
MATTHEWS, N.C. — Subprime lending company Ace Motor Acceptance is working to “recognize the needs of the dealer,” as well as ramping up its offerings for the buy-here, pay-here market. The company, founded in 1998, made the transition into the ... [Read More]

Consumer Reports Spots Gains in Used-Car Reliability Across the Board

Nick Zulovich
YONKERS, N.Y. — Touting the widespread gains in used-vehicle reliability, Consumer Reports has come out in its latest Annual Auto issue with a message that will likely be welcome news to the used-car business. The publication is saying that buying ... [Read More]

AFSA Leadership Meets with CFPB Director, Discusses Industry Concerns

Nick Zulovich
WASHINGTON D.C. — Several American Financial Service Association board members and staff met recently with the Consumer Financial Protection Bureau Director Richard Cordray and other senior officials to discuss some issues that directly affect the automotive industry, as well as ... [Read More]

Fitch: Stronger Performance Ahead for US Auto ABS

Nick Zulovich
NEW YORK — Despite rising delinquencies and annualized net losses for auto loan ABS in January, Fitch Ratings expects seasonal factors driven by tax refunds to benefit household finances in coming months and support lower loss rates through spring. According ... [Read More]

Dealer Services Corp. Appoints New Vice President of Customer Service

Nick Zulovich
CARMEL, Ind. — Last week, Dealer Services Corp. of Indiana promoted one of its executives to the newly created position of vice president of customer service.  Taking on the role is Randy Dohse, who previously held the position of regional ... [Read More]

DealerTrack Reports Steep Revenue Rise for 2011, Expects Growth to Continue

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack Holdings recently reported financial results for the fourth quarter and the whole of 2011, showing close to a 50-percent revenue rise this past year. And the company expects this growth to continue into 2012. For ... [Read More]

Experian: Auto Interest Rates Dip to Lowest Levels Since 2008

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive discovered the automotive loan market showed continued improvement as the fourth quarter closed with interest rates for new and used vehicle contracts reaching the lowest levels since 2008. Experian's quarterly automotive credit analysis also showed ... [Read More]

SubPrime Auto Finance News Ventures into LinkedIn

Nick Zulovich
CARY, N.C. — Looking to mimic the great success of sister publication Auto Remarketing on LinkedIn, SubPrime Auto Finance News recently launched a group on the business social media website. Cherokee Automotive Group editor Jennifer Reed believes the platform can ... [Read More]

GSFSGroup Appoints New Director of National Sales

Nick Zulovich
HOUSTON — Gulf States Financial Services and GSFSGroup, a nationwide provider and administrator of F&I products and reinsurance structures, recently hired a new director for its national sales division. Accepting the role is Keith Cooper, who has been charged with ... [Read More]

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