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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

Ally Reiterates Strategy to Focus on Prime Auto Lending

Nick Zulovich
NEW YORK — Ally Financial addressed speculation that it might venture into more subprime auto lending. The company reiterated to SubPrime Auto Finance News about its decision to concentrate on the prime segment. However, Ally explained how it approaches borrowers ... [Read More]

GM Financial to Launch Dealer Floor Planning

Nick Zulovich
FORT WORTH Texas — General Motors dealers who use GM Financial to service subprime buyers could be using the company for more store financing operations later this year. GM Financial confirmed Wednesday that it plans to give franchise dealers a ... [Read More]

CNW: Independent Dealers’ Inventory Issues Hurt May Used Sales Total

Nick Zulovich
BANDON, Ore. — CNW Research's May used-vehicle sales figures show how independent and buy-here, pay-here dealers struggled somewhat to maintain retail traction because of inventory limitations. Independent dealers sold 1,490,749 used vehicles in May, a decline of 4.4 percent from ... [Read More]

CarHop’s BHPH Dealer Network Nears 50 Stores

Nick Zulovich
EDINA, Minn. — Covering 12 states, CarHop's network of buy-here, pay-here dealerships now is near 50 stores because of the recent openings in Bremerton, Wash., and Irving, Texas. The new lot in Irving is CarHop's fifth store in the Dallas-Fort ... [Read More]

GM Financial Prices Senior Notes Offering

Nick Zulovich
FORT WORTH, Texas — General Motors Financial Co. announced late last week that it has priced a private offering of $500 million worth of 6.75 percent senior notes due in 2018. The notes will be offered only to qualified institutional buyers in accordance with ... [Read More]

J.D. Byrider Franchise Destroyed by Tuscaloosa Tornado

Nick Zulovich
TUSCALOOSA, Ala. — J.D Byrider announced it is partnering with a Tuscaloosa, Ala., franchisee to support tornado victims and the community. Steve and Jeanne Locklear, who own a Tuscaloosa J.D Byrider location, as well as the Locklear Chysler Jeep Dodge dealership, donated $1,500 ... [Read More]

Experian Reveals Late-Model Used Financing Trends

Nick Zulovich
SCHAUMBURG, Ill. — Along with determining the top 20 lenders by market share, Experian Automotive revealed it has started to track a new piece of data for its quarterly analysis of vehicle financing. It is now taking a deeper look into used ... [Read More]

Car-Mart Avoids Inventory Pinch & Watches Revenue Climb

Nick Zulovich
BENTONVILLE, Ark. — Propelled by a 16.4-percent revenue jump during the fourth quarter, America's Car-Mart showed that it finished its 2011 fiscal year with gains in net income, its customer base and more. Car-Mart's fiscal year wrapped up on April ... [Read More]

Experian: Lenders Finance More Subprime Consumers in Q1

Nick Zulovich
SCHAUMBURG, Ill. — Stringent credit availability continues to thaw as Experian Automotive found the penetration of loans to subprime and deep subprime buyers rose during the first quarter. According to data released Thursday, Experian discovered the share of loans to credit-challenged ... [Read More]

Santander’s RoadLoans Expands

Nick Zulovich
DALLAS — Santander Consumer USA this week announced the expansion of its RoadLoans dealer base and media presence throughout the U.S. Through the RoadLoans network, consumers can apply for auto financing online; and after approval, they are sent with a loan ... [Read More]

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