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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

Russell 2000 Index Adds Nicholas Financial

Nick Zulovich
CLEARWATER, Fla. — Auto finance company Nicholas Financial recently announced it made it onto the Russell 2000 Index. It was added to the index — which measures the performance of the small-cap segment of U.S. equity — during Russel Investment's ... [Read More]

Equifax Spots Surge in Auto Loan Originations

Nick Zulovich
ATLANTA — In an overall consumer credit environment billed by Equifax to be continually improving, first-quarter auto loan originations climbed double digits, with March being the strongest month in almost three years. More specifically, Equifax said that the total number ... [Read More]

NC Attorney: Are You Misleading Buyers with Unfair & Deceptive Trade Practices?

Nick Zulovich
NASHVILLE, N.C. — The federal and state rules, regulations and statutes for operating as an independent automobile dealer are constantly evolving. The risk of not adapting your business practices to those changes exposes you to ever-increasing liability. Simply stated, there ... [Read More]

NAF Association Announces Availability of Annual Survey

Nick Zulovich
HANOVER, Md. — With data from additional participants revealing trends about funding availability and more, the National Automotive Finance Association recently announced its 2011 Below-Prime Automotive Financing Survey has been published. Officials highlighted the survey — conducted by outside consultant ... [Read More]

Federal Reserve System Taps New Inspector General

Nick Zulovich
WASHINGTON, D.C. — Effective July 25, a new inspector general of the board of governors of the Federal Reserve System and the Bureau of Consumer Financial Protection will take charge. Officials on Thursday appointed Mark Bialek, who will lead the ... [Read More]

CNW: Customers Continue to Appear Happier with Longer Contracts, Lower Payments

Nick Zulovich
BANDON, Ore. — Instead of looking at the full contract and interest costs, many consumers appear more concerned with how a monthly vehicle payment will fit into their budget. While this has been something dealers and F&I professionals have seen for ... [Read More]

Flagship Credit Is Now Purchasing Non-Prime Portfolios

Nick Zulovich
CHADDS FORD, Pa. — Flagship Credit Acceptance announced today it plans to purchase existing non-prime and subprime auto loan portfolios ranging from $5 million to in excess of $250 million from dealers and finance companies throughout country.  The portfolio acquisition program will target paper with ... [Read More]

CarFinance Capital Takes Non-Prime Program to Another Major Market

Nick Zulovich
IRVINE, Calif. — Following a successful rollout in California last month, CarFinance Capital — a new, specialized provider of indirect non-prime auto financing for dealers — is now making its service-oriented program available in Texas. Led by an experienced team ... [Read More]

GrooveCar Leverages Participating Credit Unions & Dealers for Annual Sale

Nick Zulovich
HAUPPAUGE, N.Y. — GrooveCar — one of Long Island's largest dealer marketing products and indirect lender of auto loans — recently invited Long Island credit union members and the general public to take advantage of its annual vehicle sale, which ... [Read More]

Capital One Auto Finance Seeks Franchised & Independent Dealer Partners as President Eyes a Return to Growth

Nick Zulovich
PLANO, Texas — Now that the company has successfully weathered the capital markets storm, Capital One Auto Finance president Kevin Borgmann explained to SubPrime Auto Finance News his division is ramping up growth via new dealer relationships and hiring associates. In ... [Read More]

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