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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

CU Xpress Lease Ventures into Massachusetts

Nick Zulovich
HAUPPAUGE, N.Y. — CU Xpress Lease recently signed its first provider in Massachusetts to offer a vehicle lease program first launched back in 2007. CU Xpress Lease's first enrollee in the Bay State is IC Federal Credit Union in Fitchburg, Mass. Founded ... [Read More]

Iowa BHPH Store Ready to Double Sales Thanks to New Funding Source

Nick Zulovich
SIOUX CITY, Iowa — A stable buy-here, pay-here dealer thirsty for a line of credit so he can stop turning away credit-damaged but potentially profitable customers meets a financial services company eager to find established rooftops with growth potential. That's ... [Read More]

J.D. Byrider Expands Reach in Missouri and Florida

Nick Zulovich
TAMPA, Fla., and INDEPENDENCE, Mo. — J.D. Byrider revealed this week car shoppers looking for buy-here, pay-here dealerships in both Florida and Missouri will now have more options to choose from. With the opening of two new locations, one in ... [Read More]

CNW Reports FICOs for New and Used Buyers Are Up

Nick Zulovich
BANDON, Ore. — CNW Research reported today that the average FICO score for used buyers came in at 622.17 in the opening weeks of September. Meanwhile, on the new-car side, the company said the average FICO score was 691.37. Discussing the ... [Read More]

BMW Financial Services Launches Mobile Website

Nick Zulovich
WOODCLIFF LAKE, N.J. — BMW Financial Services announced this week its customers will now have the ability to manage their accounts via their smartphones. After a secure log-in, captive finance customers can now make payment or obtain a payoff quote, ... [Read More]

BHPH Market Growth Sparks Pelican Resource Group’s New Programs & Expansion

Nick Zulovich
CHERRY HILL, N.J. — Steady growth of acquisition and buy-here, pay-here portfolios pushed Pelican Resource Group to launch new bulk and point of sales purchase programs as well as the rollout of a national expansion and a new West Coast ... [Read More]

Navigator Reveals $40 Million Sale of Subprime Portfolio

Nick Zulovich
ATLANTA — Navigator Holdings recently revealed the sale of nearly $40 million in subprime, asset-backed loans. Company president Bobby Lazenby explained the sale of the subprime automobile loan portfolio comes as an increasing number of investors look to build balance sheets ... [Read More]

DealerTrack to Host Free Webinar to Cover Compliance Issues

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack will be offering a free Webinar tomorrow to discuss critical compliance issues dealerships face in today’s market. The Webinar, scheduled for 2 p.m. ET, will be hosted by DealerTrack compliance counsel Randy Henrick. The event ... [Read More]

First Investors Generates Record First-Quarter Earnings

Nick Zulovich
HOUSTON — Sparked by strong loan origination growth, First Investors Financial Services Group's 2012 fiscal year got off to a rousing start as the company posted its best-ever quarterly net income level. The company recently revealed its net income soared ... [Read More]

S&P/Experian: Auto Loan Defaults Edge Higher

Nick Zulovich
NEW YORK — Contrary to the composite reading, the auto loan portion of the S&P/Experian Consumer Credit Default Indices ticked higher last month. Data released Tuesday by S&P Indices and Experian showed vehicle loan defaults moved up to 1.31 percent ... [Read More]

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