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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

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]

Flagship Boosts Sales Team to Expand Subprime Penetration

Nick Zulovich
CHADDS FORD, Pa. — With the intention of diving deeper into the subprime market, Flagship Credit Acceptance added a pair of sales executives to its team on Tuesday. The indirect auto finance company headquartered near Philadelphia said it needed the ... [Read More]

Chrysler Taps Chase for Subvented Financing

Nick Zulovich
GARDEN CITY, N.Y. — Chase Auto Finance revealed Monday the launch of a new consumer financing program providing retail subvention financing options to Chrysler, Jeep, Dodge and Ram Truck dealers across the U.S.   The arrangement with Chrysler gives dealers the ... [Read More]

CPS Posts Another Quarterly Loss, But CEO Expects Portfolio to Grow Again Soon

Nick Zulovich
IRVINE, Calif. — Continuing to struggle with a decline in the portfolio it manages, Consumer Portfolio Services announced another quarterly loss this week. The second-quarter financials included a 19.1-percent drop in revenue. CPS' revenue slid down by approximately $7.4 million from $38.5 ... [Read More]

Exeter Finance Has New Owner, Secures Much Larger Credit Line

Nick Zulovich
IRVING, Texas — To help the company ramp up to a national platform, Exeter Finance Corp. revealed it is being acquired by Blackstone, a leading investment and advisory firm with about $159 billion in assets. This acquisition has helped Exeter nail ... [Read More]

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