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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

Ally Buyer’s Choice to Be Available in 17 States by End of December

Nick Zulovich
DETROIT — Ally Financial revealed plans today to expand the offering of its flexible Ally Buyer's Choice product to 12 additional states this month. Ally Buyer's Choice debuted in five states in November and now is available in the following ... [Read More]

Experian: 3Q Subprime Auto Loans Climb Year-Over-Year

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive analysis showed auto lenders are increasing loans to credit-challenged customers. According to its quarterly automotive credit analysis unveiled today, Experian discovered 21.87 percent of all new-vehicle loans during the third quarter went to customers in ... [Read More]

AFSA Reveals Lender CEO Panelists for Annual Conference

Nick Zulovich
LAS VEGAS — Before the National Automobile Dealers Association kicks off its convention this year, the American Financial Services Association will be holding its 16th Vehicle Finance Conference and Exposition, with a bevy of industry experts set to present. And for one ... [Read More]

DriveTime Launches Indirect Lending Division for Dealers

Nick Zulovich
PHOENIX — DriveTime Automotive Group, which helps people with less than perfect credit get a vehicle, revealed to SubPrime Auto Finance News this week the launch of an indirect lending division doing business as GO Financial. In the subprime, buy-here, pay-here ... [Read More]

Comerica: Auto Affordability Drops Yet Again

Nick Zulovich
DALLAS — Auto affordability remained on the downward slope during the third quarter, and playing a major role in this softening was sluggish income growth, according to Comerica Bank. While income stagnancy is a "drag" on the typical post-recession bounce-back in ... [Read More]

SubPrime Auto Finance News Seeks Help Updating Lender Directory

Nick Zulovich
CARY, N.C. — The past few years have been tough across the board for lenders and dealers, particularly those working in the non-prime, special finance and buy-here, pay-here space. To help bring lenders and dealers together to get credit-challenged customers financed, ... [Read More]

Automotive Compliance Consultants Gives Dealers Ability to Check 3 Credit Reports from One Site

Nick Zulovich
CRYSTAL LAKE, Ill.  — Striving to make it easier for dealers to more efficiently and quickly close deals, Automotive Compliance Consultants revealed Monday that it will now enable dealers to access three major credit bureaus, as well as all credit-related documents from one ... [Read More]

J.D. Byrider Honors Top Locations

Nick Zulovich
CARMEL, Ind. — J.D. Byrider recently unveiled its Franchise of the Year winners and President's Awards, honoring a slew of stores throughout the country. The company announced the winners at its November convention in Rancho Palos Verdes, Calif. In the Franchise ... [Read More]

Car-Mart’s 2Q Sales, Revenue and Income All Rise

Nick Zulovich
BENTONVILLE, Ark. — With an active customer base now above 52,000 accounts and double-digit climbs in sales and revenue, America's Car-Mart saw its second-quarter net income per diluted share soar 37.5 percent higher year-over-year. The company recently reported its second-quarter ... [Read More]

TransUnion: Delinquencies Decrease Year-Over-Year for Eighth Consecutive Quarter

Nick Zulovich
CHICAGO — TransUnion discovered the national auto delinquency rate — frequency of borrowers 60 or more days past due — decreased on a year-over-year basis for the eighth consecutive quarter. Analysts revealed Monday that the third-quarter rate dropped to 0.47 ... [Read More]

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