Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
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

KAR Looks to Refinance Debt

Nick Zulovich
CARMEL, Ind. — Given the current favorable market conditions, KAR Auction Services announced this morning that it intends to refinance a portion of its indebtedness to allow for a greater flexibility to prepay debt. "The purpose of the planned refinancing is ... [Read More]

DealerTrack Strikes Deal for New Credit Facility to Fund Growth

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced this morning that it has successfully completed a new four-year $125 million revolving secured credit facility, which will be used for future acquisitions and general corporate purposes. The credit facility, which includes a syndicate of ... [Read More]

Honda Finance Breaks Ground on New Regional Office

Nick Zulovich
CHARLOTTE, N.C. — American Honda Finance Corp. celebrated the groundbreaking earlier this week for its new North Carolina regional office. The company indicated its new facility, consisting of 25,000 square feet, will support its growing family of customers in North ... [Read More]

CarHop Opens New Location and Moves Another Store

Nick Zulovich
PORTLAND, Ore. — In addition to moving its store in Arlington, Texas, CarHop announced the grand opening of a new store in Portland, Ore.  This is CarHop's 46th store to open nationwide in its 15-year history. CarHop has now opened stores in 12 ... [Read More]

Finance Express Adds More Dealers, Partners

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently entered into a pair of contracts with dealer solution providers to activate more than 11,000 additional dealers on its lender portal. The two companies now associated with Finance Express are Wayne Reaves ... [Read More]

NCCI Says Lenders Loosen Underwriting

Nick Zulovich
LAKE FOREST, Calif. — Despite production delays for some automakers, new-car sales are rising. And along with it, the number of auto loans originated is growing as more financing becomes available, according to National Creditors Connection. At the same time, credit ... [Read More]

New BHPH Association Seeks More Members, Rolls Out Website

Nick Zulovich
HANOVER, Md. — The Community Auto Finance Association is looking to expand its membership of established local businesses that sell, lease and finance used vehicles. Established last October, CAFA is also hoping a new website can boost its member partnerships that ... [Read More]

First Investors Gains New VP & Co-COO

Nick Zulovich
HOUSTON — First Investors Financial Services Group recently named an industry veteran to be its senior vice president of marketing and originations as well as co-chief operating officer. Taking on the role is David Satterfield, who First Investors is asking ... [Read More]

Ally Credit Canada Joins DealerTrack Canada

Nick Zulovich
TORONTO — Ally Financial and DealerTrack Canada announced today that Ally Credit Canada Limited has been added to the DealerTrack network of more than 6,000 Canadian dealers as a financing option for their customers. "The addition of Ally to the DealerTrack ... [Read More]

SEC Files Lawsuit Against Subprime Auto Firm

Nick Zulovich
BOSTON — The Securities and Exchange Commission is alleging that Inofin, a subprime auto finance firm, and several of its top officers improperly raised funds through unregistered securities, among other claims. The SEC is taking the company to court over the ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X