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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

NIADA President Looks to Preserve BHPH Future in the Face of Turbulent Auction Prices and Fed Regulation

Nick Zulovich
HOUSTON — The National Independent Dealers Association’s recently appointed president certainly has his plate full balancing both his buy-here, pay-here dealership Fincher Motor Co., as well as his new role as head of the association. But Don Fincher doesn’t seem ... [Read More]

Experian: Appetite for Risk Grows Double-Digits

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive discovered lenders continued to "increase their appetite for risk" as second-quarter new-vehicle loans for customers with credit outside of prime increased by 22.4 percent when compared to the previous year. In the second quarter, Experian ... [Read More]

Municipal Credit Union Announces Labor Day Auto Loan Sale

Nick Zulovich
NEW YORK — Municipal Credit Union, a New York credit union established in 1916, is running its Labor Day Auto Loan Sale through Monday. Officials said promotions include loan rates as low as 1.95 percent APR for new vehicles and ... [Read More]

Wells Fargo, Fifth Third Bank Pledge Additional $75M to SNAAC

Nick Zulovich
MASON, Ohio — Security National Automotive Acceptance Corp. announced Monday that on top of a previous $200 million commitment, the company has also secured an additional $75 million commitment from Wells Fargo Preferred Capital and Fifth Third Bank. SNAAC noted ... [Read More]

LEAP Financial Expands Headquarters

Nick Zulovich
SAN DIEGO — Fueled by more customers and staff, LEAP Financial, an auto leasing company that helps consumers facing repossession or bankruptcy either keep their vehicle or get a different one, recently expanded its footprint in San Diego. In a ... [Read More]

Northland Reveals New Consumer-Friendly Website, Expanding Social Media Presence

Nick Zulovich
BURNSVILLE, Minn. —Northland Auto Enterprises — creator of used-car leasing program Ren’T’Own — revealed this week the launch of their new website. The site, www.rtolto.com, aims to educate consumers on the potential benefits of used-car leasing and also provides dealers ... [Read More]

Federal Officials: Credit Quality of Large Loan Commitments Improves for Second Consecutive Year

Nick Zulovich
WASHINGTON, D.C. — The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks — which could include accounts such as subprime auto loans — have improved this year for the second consecutive ... [Read More]

Credit Acceptance Announces Finalization of $75M Revolving Secured Warehouse Facility

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced the completion of a $75 million revolving secured warehouse facility with an institutional investor. The company noted that under this facility it will contribute loans to a wholly-owned special purpose entity (SPE), ... [Read More]

Car-Mart Lifts Income 4 Percent, Chairman Falgout to Retire

Nick Zulovich
BENTONVILLE, Ark. — America's Car-Mart enjoyed nearly a 4-percent gain in net income in the first fiscal quarter, boosted its sales by almost 7 percent and says its business model is stronger than ever. The company also revealed that its chairman ... [Read More]

Leedom Financial Services Announces Asset Sale to Spartan Financial

Nick Zulovich
SARASOTA, Fla. — Leedom Group recently revealed that Leedom Financial Services has completed a sale of all its performing assets to American Credit Acceptance’s Spartan Financial — which also provides capital solutions to buy-here, pay-here dealers and subprime auto finance ... [Read More]

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