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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

Compli Expands Platform to Include More Business Ops Features for Dealers

Nick Zulovich
PORTLAND, Ore. — A possible solution to dealership quandaries when it comes to personnel decisions and business operations, Compli recently rolled out a series of new software features. The HR and compliance management software provider indicated background checks and drug ... [Read More]

Nicholas Financial Posts Record 3Q Revenue, Earnings

Nick Zulovich
CLEARWATER, Fla. — While Nicholas Financial disclosed earlier this month that the company could be sold, executives highlighted record net earnings and revenue figures for the third quarter. On Thursday, Nicholas Financial revealed net-earnings spikes of more than 50 percent ... [Read More]

Enterprise Taps DealerTrack for F&I Compliance Needs

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack and Enterprise Car Sales, a division of Enterprise Rent-A-Car, announced an agreement this week that means the used-car retailer will deploy the DealerTrack Compliance Solution in all of its more than 140 locations nationwide. Officials see the DealerTrack Compliance ... [Read More]

VantageScore Gets Upgrade to Better Help Lenders Gauge Consumer Scores

Nick Zulovich
STAMFORD, Conn. — Used by top auto lenders to best gauge consumer credit conditions given the current economic environment, VantageScore Solutions recently revealed the latest version of its credit scoring model. VantageScore 2.0 came through a production process orchestrated by each of ... [Read More]

Lower Losses Are Leading Ford Credit to Close Nevada Collections Center

Nick Zulovich
DEARBORN, Mich. — SubPrime Auto Finance News recently learned that Ford Credit it is slated to close its Henderson, Nev., collections office in late March. A Ford Credit spokeswoman told SubPrime the office will close March 31 and "about 200 employees ... [Read More]

Edmunds.com: APRs Fell to All-Time Low in December

Nick Zulovich
SANTA MONICA, Calif. — Edmunds.com recently discovered that lenders handed out the lowest-ever average annual percentage rates on their auto loans in December. Site analysts found the average auto loan carried an APR of 4.16 percent, down 0.33 points from November and 0.55 points ... [Read More]

Huntington Grows Auto Loans & Leases by $2.2 Billion Year-Over-Year

Nick Zulovich
COLUMBUS, Ohio — In a discussion of Huntington Bancshares fourth-quarter results, management revealed that average consumer loans climbed by $500 million, driven largely by a $400 million uptick in average auto loans and leases. Auto loans and leases are up 7 ... [Read More]

SFG Finance Announces 2012 Contest For Brokers

Nick Zulovich
ARLINGTON, Texas —  SFG Finance — an active purchaser of auto finance receivables — revealed recently it has launched a contest for its brokers in an effort to ramp up funding and incentives. So, what’s the grand prize? SFG announced ... [Read More]

Declining Auto Loan Defaults Help S&P/Experian Index to Finish 2010 Lower

Nick Zulovich
NEW YORK — Last year finished strong in regard to consumer credit defaults — especially auto loans — according to December data connected with the S&P/Experian Consumer Credit Default Indices. Produced by Standard & Poor's and Experian, the readings showed auto loans ... [Read More]

CarHop Broadens BHPH Footprint in Colorado

Nick Zulovich
EDINA, Minn. — CarHop expanded its network of buy-here, pay-here dealerships this week by bringing aboard two rooftops in Colorado. Adding to its established presence in Lakewood, the company opened locations in Aurora and Colorado Springs. The new stores bring CarHop's ... [Read More]

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