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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

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]

Chase Auto Finance Sees Hefty Reduction in Auto Loan Charge-Offs

Nick Zulovich
NEW YORK — After coming in at almost $150 million in net auto loan charge-offs in the fourth quarter of 2009, Chase revealed that during the same time frame in 2010, charge-offs were $71 million. More specifically, the more recent net ... [Read More]

Florida-Based Credit Union Signs On to AppOne

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services recently announced it has added another lender to its AppOne platform. Broadening its existing relationship with Wolters Kluwer is Grow Financial Federal Credit Union, which will utilize AppOne to offer indirect lending services to a wider base ... [Read More]

CNW: 2010 Subprime Auto Loans Reach $8.99 Billion

Nick Zulovich
BANDON, Ore. — As the capital markets collapsed, largely due to subprime mortgages, this caused the auto loan subprime market to crash. Subprime auto loans fell to $12.5 billion in 2008 and dropped again to $8.3 billion in 2009, according to ... [Read More]

GrooveCar Offers Online Coupon to Spur N.Y. Car Sales

Nick Zulovich
HAUPPAUGE, N.Y. — GrooveCar rolled out a 90-day incentive earlier this month that is designed to help foster used- and new-vehicle sales in the New York metropolitan area. Basically, credit union members in this market can use the $500 online coupon from ... [Read More]

NABD to Feature BHPH Dealer Training Academy Just Prior to Annual Conference

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers announced it will host a two-day dealer training academy just prior to its annual conference. The academy will be held at the Venetian Resort and Casino in Las Vegas on May 16-17, ... [Read More]

ABA: Q3 Auto Loan Delinquencies Rise, But Future Looks Promising

Nick Zulovich
WASHINGTON, D.C. — Stalled job growth during the third quarter of last year stifled consumer credit delinquency rate improvement that came in previous quarters, progress that included auto loans. According to American Bankers Association's Consumer Credit Delinquency Bulletin, direct auto loan ... [Read More]

CAR Financial Expands Midwest Operations

Nick Zulovich
ATLANTA — CAR Financial Services, a provider of capital and cash-flow solutions to buy-here, pay-here dealers, is broadening its Midwest presence. With plans to open an office in Kansas City, Mo., the company already has added Bob Coon as a territory ... [Read More]

Nicholas Financial Weighs Selling Company, Other Strategic Alternatives

Nick Zulovich
CLEARWATER, Fla. — After receiving interest from a third party about potentially acquiring the company, Nicholas Financial announced this week that its board of directors has retained advisors to help evaluate potential strategic alternatives. These alternatives include the possible sale of the ... [Read More]

RoadLoans.com Launches Car Financing App for iPhone

Nick Zulovich
DALLAS — Santander Consumer USA, owner of the RoadLoans.com brand, announced this week it has released an iPhone application for consumers shopping for vehicles. The new app is available for free for download from iTunes or RoadLoans.com. The iPhone Car Loan ... [Read More]

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