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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

Experian Sees Loan Access Thawing for Non-prime, Subprime Buyers

Nick Zulovich
SCHAUMBURG, Ill. — Automotive lending activity might be gaining some momentum — especially in the non-prime and subprime spaces — based on the latest data available from Experian Automotive. For both new- and used-vehicle contracts, Experian found loans to non-prime and subprime customers increased by healthy margins ... [Read More]

Fed: New-Car Loan Interest Rate Climb Continues

Nick Zulovich
WASHINGTON, D.C. — The string of jumps in the average interest rate on new-car loans at auto finance companies continued for the fourth month in October, according to the Federal Reserve. Officials discovered the October average jumped to 4.52 percent, the highest ... [Read More]

Edmunds.com Says Fewer Credit-Challenged Consumers Financed New Vehicles in November

Nick Zulovich
SANTA MONICA, Calif. — When it comes to new-vehicle sales, subprime borrowers made up a smaller percentage of these sales in November than the rest of the year, according to Edmunds.com. The percentage of new cars financed at a subprime rate, ... [Read More]

The Price Tag to Communities Where There Are Curbstoners Can Be Thousands

Nick Zulovich
BIRMINGHAM, Ala. — StopCurbstoning.com recently analyzed the financial impact of curbstoning, using a California case as an example. The California DMV recently concluded an investigation into this type of illegal vehicle selling which led to a felony arrest on 12 counts ... [Read More]

J.D. Byrider Announces Franchise of the Year and President’s Award Honorees

Nick Zulovich
CARMEL, Ind. — J.D. Byrider recognized its Franchise of the Year winners as well as its 14 President's Award recipients during the company's annual convention last month in Orlando, Fla. Broken down into three categories, the company chose its Franchise of ... [Read More]

Midwestern Marine, RV Lender Goes with AppOne Platform

Nick Zulovich
BATON ROUGE, La. — Wolters Kluwer Financial Services recently revealed a Midwestern lender who caters to marine and RV dealers has chosen to use its AppOne platform. Now utilizing the solution is Source One Financial Services, a marine and RV loan ... [Read More]

ABI: November Bankruptcy Filings Drop by Double Digits

Nick Zulovich
ALEXANDRIA, Va. — The number of U.S. consumer bankruptcy filings finally made some significant downward movement in November, according to data collected and posted by the American Bankruptcy Institute. On a month-over-month comparison, November filings actually dropped by 13.3 percent to ... [Read More]

Report: Toronto-Dominion Bank Front-runner to Acquire Chrysler Financial

Nick Zulovich
FARMINGTON HILLS, Mich. — Toronto-Dominion Bank could reach an agreement as early as this week to buy Chrysler Financial, Bloomberg reported this morning. Chrysler Financial could sell for $6 billion to $7 billion, according to Bloomberg sources. Apparently other companies are ... [Read More]

Aimbridge Now Offers Dealers More Accessibility to Pre-Approvals on Potential Customers

Nick Zulovich
ENGLEWOOD, Colo. — CRIF Lending Solutions-Aimbridge recently rolled out automatic accessibility to pre-approval loan notifications for credit unions, dealers and other clients through several widely adopted applications. Aimbridge customers now have accessibility through DealerTrack, RouteOne and AppLine dealer application portals as ... [Read More]

NowAuto Group Finds Ways to Improve 1Q Gross Margin While Cutting Charge-offs, Defaults

Nick Zulovich
PHOENIX — While NowAuto Group still sustained a net loss during the first quarter of its 2011 fiscal year, the company recently reported double-digit improvements in gross margin as well as the cost of charge-offs and defaults. The company indicated first-quarter ... [Read More]

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