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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

LEAP Auto Loans Gains New Director of Business Development

Nick Zulovich
SAN DIEGO — LEAP Auto Loans, an auto leasing company serving consumers who have difficulty obtaining credit, named a new director of business development for the consumer channel this week. Tapped for role is Kyle Kolsky, who is being charged with ... [Read More]

Jensen: Chase Custom Finance Adds Dealers While Growing Originations and Local Offices

Nick Zulovich
FORT WORTH, Texas — In a special interview with Chase Custom Finance executive Bill Jensen, SubPrime Auto Finance News learned that his company actually grew market share during the downturn while other lenders were pulling back. "Throughout the financial crisis, Chase ... [Read More]

ProconGPS Acquires Vehicle Repossession Patents from CalAmp

Nick Zulovich
KNOXVILLE, Tenn. — ProconGPS, a mobile resource management solutions company, recently announced it has bought the patents governing repossessions in the vehicle finance industry from CalAmp Corp. The intellectual property covers methods and systems that utilize GPS technology, cellular networks ... [Read More]

Sunwest Funds $4.5 Million in Subprime Lender Rediscount Credit Lines

Nick Zulovich
ANAHEIM, Calif. — Sunwest Bank funded $4.5 million in credit lines for subprime auto finance companies in June,  its senior vice president of commercial lending reported to SubPrime Auto Finance News. "We funded one for $2 million and another for $2.5 ... [Read More]

First Investors Posts Record 4Q & Fiscal Year Earnings

Nick Zulovich
HOUSTON — With new origination volume soaring, First Investors Financial Services Group finished its 2011 fiscal year on a record-setting note, watching net income climb to the highest point in company history. Officials recently calculated their net earnings came in ... [Read More]

NCM Plans Free Webinar to Outline Key Principles for BHPH Success

Nick Zulovich
OVERLAND PARK, Kan. — Whether it's a well-established buy-here, pay-here dealership or a franchise lot looking to venture into the BHPH market, NCM Associates is planning a free Webinar to benefit all managers and salespeople. The upcoming 60-minute session with ... [Read More]

Prestige Establishes $150M Funding Facility with Wells Fargo Securities

Nick Zulovich
SALT LAKE CITY — Prestige Financial Services recently announced it has established a $150 million funding facility with Wells Fargo Securities.  The company noted that the new arrangement is similar to a secured revolving line of credit and also “provides ... [Read More]

NAC Unveils Newest Dealer Contracting System with Integrated Rating Tools

Nick Zulovich
WESTERVILLE, Ohio — NAC, which orchestrates sales and administration of vehicle service contract products and services, recently launched ExpressLane 2.0 — the company's next generation online dealer contracting system. Officials explained ExpressLane was designed to address the efficiency gaps and ... [Read More]

GWC Warranty & Southern Auto Finance Align to Push Vehicle Service Contracts, GAP Program

Nick Zulovich
WILKES-BARRE, Pa. — GWC Warranty Corp. and Southern Auto Finance Co. formed a vehicle service contract strategic alliance this week. The companies indicated the alliance means SAFCo now offers through its dealers the GWC vehicle service contract and GAP program. ... [Read More]

Capital One Holds More Auto Loans for Investment & Sees Charge-Offs Decline

Nick Zulovich
McLEAN, Va. — In revealing company-wide financials Wednesday, Capital One reported on a few key trends in its auto finance division. For the second quarter, period-end automobile loans held for investment accounted for $19.22 billion, compared to $18.34 billion in the ... [Read More]

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