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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

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]

TransUnion: Delinquencies Decline for Seventh Consecutive Quarter, Auto Debt Increases Marginally

Nick Zulovich
CHICAGO — According to TransUnion, national auto delinquency rates have not only shown a decline for the seventh consecutive quarter, but also remain at historically low levels. Dropping from .49 percent in the first quarter to .44 percent at the ... [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]

ProconGPS Sues Competitors

Nick Zulovich
KNOXVILLE, Tenn. — ProconGPS Inc., a leading supplier of GPS vehicle tracking solutions, has filed a patent infringement lawsuit in a California Federal Court against Star Sensor, Skypatrol LLC and others. The complaint is related to U.S. patents 6,249,217 B1 & ... [Read More]

July’s Auto Loan Delinquency Trends Creep Lower

Nick Zulovich
NEW YORK — July auto loan defaults followed the same pattern established by other categories of consumer credit, pushing downward on both a month-over-month and year-over year basis. The S&P/Experian Consumer Credit Default Indices based on July data showed the auto loan ... [Read More]

SNAAC Reveals New E-Signature Availability to Ramp Up Funding Time

Nick Zulovich
MASON, Ohio — Finance company Security National Automotive Acceptance Corp. recently revealed its new E-Signature product that aims to simplify the buying process for dealers and customers. The product offered through the company’s SNAAC Now proprietary system can be utilized ... [Read More]

VW Credit Taps Wolters Kluwer as Lease Contract Provider

Nick Zulovich
MINNEAPOLIS —  VW Credit, the financial services arm of Volkswagen Group of America, recently chose Wolters Kluwer Financial Services as a preferred provider of vehicle lease contracts. Through this new relationship, officials explained VW Credit will provide Wolters Kluwer Financial ... [Read More]

Huntington’s Dealer Partners Rally to Aid Japanese Red Cross Relief Efforts

Nick Zulovich
COLUMBUS, Ohio — Huntington Bancshares' auto finance business revealed this week it has donated $100,000 to the Japanese Red Cross Society in an effort to aid those affected by this past spring’s earthquake and tsunami that devastated the island country. ... [Read More]

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