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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

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]

BlueYield Partners with Site Dedicated to Serving Indian Consumers

Nick Zulovich
MISSION VIEJO, Calif. — BlueYield, a consumer auto finance lending exchange and provider of private-label affinity automotive financing programs, recently teamed up with a website aimed at reaching the Indian community throughout Michigan and the United States. BlueYield officials now ... [Read More]

Fed Reveals Latest Average New-Vehicle Loan Rate by Commercial Banks

Nick Zulovich
WASHINGTON, D.C. — The Federal Reserve still hasn't resumed its regular reporting on averages for new-vehicle loans by finance companies. But officials late last week did share the latest average by commercial banks. The Fed determined the average interest rate ... [Read More]

Daimler Truck Financial to Offer Financing Services to Mitsubishi Fuso Truck of America Dealers, Customers

Nick Zulovich
FARMINGTON HILLS, Mich. and LOGAN TOWNSHIP, N.J.— Daimler Truck Financial revealed Monday that it will begin providing financial products and services for more than 175 Mitsubishi Fuso Truck of America dealers and their customers. DTF noted that through this partnership ... [Read More]

VINtek to Help Texas Hold Auto Liens Electronically

Nick Zulovich
PHILADELPHIA — VINtek revealed this week that it has helped with the drafting of legislation that will allow the Texas Department of Motor Vehicles to develop rules to hold auto liens electronically, instead of via paper titles. Texas House Bill 2575 ... [Read More]

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