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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

Nicholas Financial Reveals Reasons Behind Strong Growth

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently revealed its third-quarter results for the end of 2011, showing a double-digit earnings increase and noting the reasons behind its significant growth. The company announced that for the three months ended Dec. 31, its final ... [Read More]

CarFinance Capital Launches Dealer Referral Service

Nick Zulovich
LAS VEGAS — CarFinance Capital LLC, a specialized provider of non-prime financing for auto dealers, announced that it has expanded its dealership services to provide incremental customer referrals from CarFinance.com, which offers direct lending to the less-than-prime consumer. The new ... [Read More]

NABD Preparing for Annual Conference & Dealer Academy

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is gearing up not only for its annual conference, but also a special training session beforehand organizers are describing as "for attendees who want to excel in the BHPH business." NABD ... [Read More]

January Bankruptcy Filings Decrease Bodes Well for 2012

Nick Zulovich
Alexandria, Va.— The first month of 2012’s bankruptcy rate shows signs of economic recovery and bodes well for the new year. This past month, total bankruptcy filings in the U.S. decreased by 14 percent year-over-year, according to data provided by ... [Read More]

AFSA Vehicle Finance Division Taps VW Exec as New Chair

Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association recently revealed it has installed a new chair for its Vehicle Finance Division Advisory Board. Tapped for the position is Andrew Stuart, president and chief executive officer of Volkswagen Credit. The installation ... [Read More]

Flagship Credit Acceptance Receives New Capital Investment, Renews Credit Facility

Nick Zulovich
CHADDS FORD, Pa. — Flagship Credit Acceptance recently announced its controlling shareholder increased its capital investment to support the company’s growing auto finance platform. Flagship also revealed it entered into an agreement with Wells Fargo Bank to renew and increase ... [Read More]

New DRN Chief Executive Eager to Integrate Solutions Further in Recovery Industry

Nick Zulovich
FORT WORTH, Texas — After spending several weeks soaking in as many company details as possible, Digital Recognition Network's new chief executive officer is traveling full bore, meeting with lenders and agents in attempt to push the license plate recognition ... [Read More]

Open Dealer Exchange Reveals New Alliance with CUDL

Nick Zulovich
SOUTHFIELD, Mich. — Open Dealer Exchange recently revealed an agreement for integration with auto lending solutions provider CUDL. Through this new partnership, “CUDL will be offering direct credit application and contract validation data integration from the dealer’s point-of-sale system directly ... [Read More]

Car-Mart Opens 112th Dealership, Predicts Strong Growth for 2012

Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here dealership group America's Car-Mart recently revealed the opening of its newest dealership. The new rooftop is located in Moberly, Mo., and marks the 112th dealership for the chain. Commenting on the news, William  "Hank" Henderson, ... [Read More]

Volvo Gains US Captive Arm

Nick Zulovich
ROCKLEIGH, N.J. — Volvo Cars of North America revealed Sunday that it has formed a captive finance arm that will roll out later this year throughout all 50 states. Volvo Car Financial Services — which is a wholly owned subsidiary ... [Read More]

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