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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

AFS Acceptance Renews Credit Line, Augments Dealer Financing

Nick Zulovich
FORT LAUDERDALE, Fla. — AFS Acceptance said recently that its line of credit with its senior lender has been renewed and bolstered. Additionally, the company said its dealer financing programs have been upgraded. Official said the new line of credit was ... [Read More]

Infiniti Returns to Winter Event Ad Campaign with Special Finance Offers, Lease Deals

Nick Zulovich
FRANKLIN, Tenn. — On Wednesday, Infiniti announced the return of its Limited Engagement Winter Event, which features special leasing and financing offers. Infiniti is saying this event offers its best deals of the year. The campaign is supported by a new ... [Read More]

Top Auto Finance Execs to Lead Panel at AFSA Conference

Nick Zulovich
WASHINGTON, D.C. — Leading executives with four auto finance companies will come together during the American Financial Services Association's 15th Annual Vehicle Finance Conference and Exposition early next year for a panel discussion that will delve into how these leaders and ... [Read More]

Comerica: Auto Affordability Improves a Bit

Nick Zulovich
DALLAS — The purchase and financing of an average-priced new vehicle took 23.8 weeks of median family income in the third quarter of the year, reported Comerica Bank this week. The average cost of buying and financing a new car declined ... [Read More]

Saab Taps Ally Financial for Vehicle Service, Maintenance Products

Nick Zulovich
DETROIT — Ally Financial announced it has been selected as the recommended provider of F&I products and services for U.S. Saab dealerships. Ally Financial will offer its Repair Advantage line of vehicle service and maintenance contracts to customers via Saab dealers, ... [Read More]

Daimler Financial Services Rebrands

Nick Zulovich
FARMINGTON HILLS, Mich. — Daimler Financial Services announced this week that it officially changed its legal name. The company now will be known as Mercedes-Benz Financial Services USA and will continue to serve as the captive finance unit for an array of ... [Read More]

CPS’ Year-Over-Year Losses Continue in 3Q, but Company Buying More Contracts

Nick Zulovich
IRVINE, Calif. — A significant drop in third-quarter total operating expenses wasn't enough to offset a sharp decline in revenue, sending Consumer Portfolio Services to another pretax and net loss. The company indicated this week its pretax loss for the third ... [Read More]

More Than 500 Turn Out for NABD Underwriting and Collections Conference

Nick Zulovich
DALLAS — More than 500 attendees from throughout the nation and Canada gathered for the National Alliance of Buy-Here, Pay-Here Dealers Underwriting and Collection Conference held in Dallas. Ken Shilson, CPA and conference chairman, stressed that this was the largest underwriting ... [Read More]

Fed: September Average New-Car Loan Interest Rate Approaches Year High

Nick Zulovich
WASHINGTON, D.C. — September's average interest rate on new-car loans at auto finance companies climbed to the second-highest point of the year, according the latest report from the Federal Reserve. Officials calculated the September average was 4.35 percent. Not since February ... [Read More]

GM Financial’s 3Q Net Income, Originations Rise

Nick Zulovich
FORT WORTH, Texas — Along with announcing the pricing of an offering of automobile receivables-backed securities, General Motors Financial reported growth in both third quarter net income and originations. Earlier this week, executives from the company formerly known as AmeriCredit revealed that ... [Read More]

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