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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

LEAP Financial, 722 Redemption Funding Partner for Repo Redemption

Nick Zulovich
SAN DIEGO, and CINCINNATI — An auto leasing company who serves consumers having difficulty obtaining credit and 722 Redemption Funding — a provider of vehicle financing for customers filing Chapter 7 bankruptcy — are teaming up to offer redemption and replacement financing for ... [Read More]

Black Book Parent Buys Greater Stake in Fitch

Nick Zulovich
NEW YORK — Fimalac S.A., the French parent company of global ratings agency Fitch Group, recently revealed it is selling an additional 10 percent in the ratings agency to Hearst Corp., parent of Black Book. This brings Hearst to a ... [Read More]

GM Financial Helps OEM Increase US Subprime Sales Penetration & Looks to Launch Canadian Subprime Program for GM Dealers

Nick Zulovich
FORTH WORTH, Texas — Back when General Motors was shopping for a new lender relationship, one of its key goals appeared to be ramping up sales through non-prime approvals. And its relatively new symbiotic partnership with AmeriCredit — now known as GM ... [Read More]

Auto Affordability Improves; Consumer Confidence on the Rise

Nick Zulovich
DALLAS — With auto affordability improving in the fourth quarter of last year, dealers may see an influx of shoppers on their lots who had held off buying a new vehicle due to rising prices. According to Comerica Bank, the ... [Read More]

Honda Class-Action Settlement Hits Hurdle

Nick Zulovich
TORRANCE, Calif. — It appears Honda may be facing a serious monkey wrench to the proposed class-action settlement in a case involving hybrid vehicle owners suing the automaker for allegedly misleading them about fuel efficiency. After a small claims case ... [Read More]

RouteOne Unveils Free Compliance Dashboard

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced today the introduction of the Compliance Dashboard, a free tool that can provide dealers a visual assessment of the store's compliance status for all applicable deals. RouteOne pointed out dealers also may track compliance ... [Read More]

AUL & Ace Motor Acceptance Partner to Enhance BHPH in a Box Program

Nick Zulovich
NAPA, Calif. — Service contract provider AUL Corp. and subprime lender Ace Motor Acceptance Co. recently expanded their relationship to boost a program that's been available since 2009, Buy Here Pay Here in A Box. AUL and AMAC created a ... [Read More]

Consumer Bankers Association Moves to Nation’s Capitol

Nick Zulovich
WASHINGTON, D.C. — It was announced last week that the Consumer Bankers Association has plans to relocate. The association’s new headquarters will be in in Washington, D.C. As one of the only national trade associations focused on retail banking, the ... [Read More]

myAutoloan.com Issues Third Patent, Joins DealerTrack Platform

Nick Zulovich
IRVING, Texas — Online auto finance company myAutoloan.com recently revealed it has been awarded its third patent from the US Patent and Trademark Office of the Department of Commerce for its online lending marketplace technology known as Preferred Placement. “Preferred ... [Read More]

Chrysler Dealer Council President Believes OEM Will Remain with Ally

Nick Zulovich
GLEN MILLS, Pa. — With news circling that Chrysler could be seeking a new lender relationship outside of Ally, SubPrime Auto Finance News' sister site recently reached out to the OEM's national dealer council president to get his take. Seeing ... [Read More]

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