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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

Agora Data & GWC Warranty partner to streamline dealer offerings of VSC & GAP

SubPrime Auto Finance News Staff
Agora Data announced a strategic partnership with GWC Warranty on Tuesday to give dealers streamlined access to vehicle service contracts (VSC) and guaranteed asset protection (GAP) without adding complexity to the funding process. Through the partnership, Agora dealers can offer ... [Read More]

Strong expectations for unchanged rates even with new Fed chair in place

SubPrime Auto Finance News Staff
This week’s gathering of the Federal Open Market Committee (FOMC) is the first one with Kevin Warsh as chair of the Federal Reserve. But experts — and even one of the FOMC members — aren’t expecting any changes to interest ... [Read More]

Subprime share moving opposite of Dealertrack Credit Availability Index, which hits highest point in more than 4 years

SubPrime Auto Finance News Staff
The Dealertrack Credit Availability Index for May rose sequentially for the second month in a row to land at its highest level since April 2022. But the share of contracts to subprime consumers declined for the second consecutive month. Cox ... [Read More]

PODCAST: Experian’s Melinda Zabritski discusses ongoing stretching of terms

SubPrime Auto Finance News Staff
The latest appearance on the Auto Remarketing Podcast by Melinda Zabritski, Experian’s head of automotive financial insights and Automotive Intelligence Award recipient, focused on auto-loan terms, which oftentimes are at least 72 months nowadays. Zabritski also compared a data point ... [Read More]

Credit Acceptance’s c-suite changes continue by appointing new CFO

SubPrime Auto Finance News Staff
The c-suite revamp at Credit Acceptance continued on Wednesday with the appointment of Joe Billante as chief financial officer, effective July 27. Billante succeeds Jay Martin, who will retire on July 27 after 23 years with the subprime auto finance ... [Read More]

LocateSmarter & Repo Report partner to boost agent efficiency

SubPrime Auto Finance News Staff
LocateSmarter and Repo Report see a partnership that they finalized on Wednesday gives repossession agents valuable details to complete assignments more efficiently. According to a news release, address data from LocateSmarter will be integrated directly into Repo Report — the ... [Read More]

‘Front-row seat’ gives Lackey path to become TurboPass CEO

SubPrime Auto Finance News Staff
What Tyler Lackey described as having a “front-row seat” in the development of TurboPass as a verification solution in the auto-finance industry has led to him taking the seat as the company’s chief executive officer. On Tuesday, TurboPass appointed Lackey ... [Read More]

Explaining ‘genuine crosscurrents’ that could impact auto finance & retail this summer

Nick Zulovich, Senior Editor
Jeremy Robb might have single-handedly summarized data and observations offered by Comerica Bank, Cox Automotive and VantageScore in recent days. “For dealers, the picture heading into summer is one of genuine crosscurrents,” Robb, who is Cox Automotive’s chief economist, wrote ... [Read More]

Arra Finance welcomes Nemecek as chief growth officer

SubPrime Auto Finance News Staff
Arra Finance announced via social media the addition of a new chief growth officer whose industry experience dates to 1994. Now holding the role for the company that came to be via the acquisition of Crescent State Bank’s auto-finance operation ... [Read More]

Dealer strategy behind Lifetime Start Battery Protection from EFG Companies

SubPrime Auto Finance News Staff
EFG Companies last week delivered what the provider of F&I development, training, product development, compliance, and product administration is hoping to be a positive jolt for dealerships. The company introduced Lifetime Start Battery Protection, what EFG sees as a high-impact ... [Read More]

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