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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

BHPH Contract Purchaser ALPS Reveals Significant 3Q Growth

Nick Zulovich
LOS ANGELES — Westlake Financial's Advanced Lending & Portfolio Services, which buys buy-here, pay-here contracts, recently announced its third quarter results, revealing a significant 2,000 percent growth year-over-year. The company ended the third quarter with a total portfolio size of $11.5 million. Commenting on ... [Read More]

Ally: Strong 3Q Auto Performance Not Enough to Reverse Mortgage Struggles

Nick Zulovich
NEW YORK — Ally Financial's strengthening third-quarter auto originations weren't enough to overcome softening within the company's mortgage division, resulting in a net loss. Ally said earlier this week that it sustained a third-quarter net loss of $210 million, compared ... [Read More]

Special Room Rate for Used Car Week Conferences Expires Today

Nick Zulovich
CARY, N.C. — As final preparations are made for the Used Car Week Conferences, which will be held Nov. 14–18 in Las Vegas, it was announced the special conference room rate of $200 expires today and cannot be extended. Bill ... [Read More]

Ford Credit President Chosen as AFSA Chair

Nick Zulovich
WASHINGTON, D.C. — Revealed late last week, Ford Motor Credit’s president has been installed as the American Financial Services Association’s 2011–2012 chair. John Noone was appointed to the position during the association’s 95th annual meeting in the nation’s Capitol. Commenting ... [Read More]

Nicholas Financial Posts Record 2Q

Nick Zulovich
CLEARWATER, Fla. — With more location growth on the horizon, Nicholas Financial enjoyed a record second quarter, generating a 39-percent increase in net earnings. The company recently reported its second-quarter net earnings figure rose to $5.520 million from $3.982 million. ... [Read More]

Clarity Services Unveils ID Fraud Product Specifically Designed for Subprime Market

Nick Zulovich
CLEARWATER, Fla. — Clarity Services, a provider of subprime, thin-file and under-banked consumer data reporting, recently announced the release of its new Clear Subprime ID Fraud solution. The company highlighted Clear Subprime ID Fraud can provide several identity verification elements ... [Read More]

Repo and Recovery Execs to Share Insights at Re3 Conference

Nick Zulovich
CARY, N.C. — Some of the repossession and recovery industries' top executives will offer their insights and best practices for the industry during the brand-new, half-day Re3 Conference, which will take place Nov. 16 in Las Vegas. The Re3 Conference ... [Read More]

SNAAC Sold to Investor Group

Nick Zulovich
CINCINNATI — Security National Automotive Acceptance Corp. announced this week it closed on the sale of the company and its TriStar insurance affiliates to a group of private investors. The existing senior management team, headed by president and chief executive ... [Read More]

GM Financial Prices $900M Receivables-Backed Securities

Nick Zulovich
FORT WORTH, Texas — General Motors Financial revealed Wednesday the pricing of a $900 million offering of automobile receivables-backed securities. The weighted average coupon on the notes to be paid by GM Financial is 2.9 percent. Moreover, the 2011-5 transaction ... [Read More]

CarHop Opens Doors to 4th Chicago-Area Store

Nick Zulovich
CHICAGO — Buy-here, pay-here dealership chain CarHop revealed Wednesday that Chicago-area car shoppers will have another dealership to choose from. The company opened its fourth Chicago-area store yesterday, located at 6039 North Western Avenue; an area which the company asserts ... [Read More]

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