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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

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]

Exeter Secures Warehouse Line of Credit, Discusses Financial Strides

Nick Zulovich
IRVING, Texas — In addition to announcing a $150 million warehouse line of credit this week, Exeter Finance Corp. detailed the gains the company has recently made in its business operations. Discussing its new financing in more detail, Exeter entered into ... [Read More]

Fitch: 2009 U.S. Prime Auto ABS on Track for Lower Losses

Nick Zulovich
NEW YORK — Fitch Ratings predicted this week that 2009 U.S. prime auto ABS loans should post lower-than-expected losses. As a result, the firm believes lenders are positioning themselves for continued positive rating performance as the broader economy slowly improves. Through ... [Read More]

Innovative Funding Services Taps New Director of Operations

Nick Zulovich
AUSTIN, Texas — Innovative Funding Services responded to broadening expansion Tuesday by promoting one its executives to director of operations. Taking on the role at the financing company for lessors and fleet-management businesses is Robert Rohner. When IFS moved to its ... [Read More]

Ally Unveils Exchange Offer

Nick Zulovich
DETROIT — On Monday, Ally Financial rolled out an exchange offer for its outstanding 8-percent Senior Guaranteed Notes due 2020.   Back in March, the company had initially issued a principal amount of these old notes totaling $1.9 billion in two ... [Read More]

DealerTrack Shows Strong 3Q Gains

Nick Zulovich
LAKE SUCCESS, N.Y. — With revenue gains on both the transaction and subscription sides of the company's operations, DealerTrack saw its total revenue improve more than 7 percent during the third quarter. Moreover, it enjoyed GAAP net income of $1.2 ... [Read More]

Credit Acceptance’s 3Q Income Strengthened by Stable Returns

Nick Zulovich
SOUTHFIELD, Mich. — A continued stretch of stable returns propelled Credit Acceptance Corp. to more positive gains in consolidated and adjusted net income during the third quarter. The company revealed earlier this week that its consolidated net income totaled $42.0 million ... [Read More]

ABI: October Filings Edge Higher From Previous Month

Nick Zulovich
ALEXANRIA, Va. — American Bankruptcy Institute officials determined this week that October filings represented a slight rise from the previous month, but a decline from the year-ago period. Relying on data from the National Bankruptcy Research Center, the institute reported U.S. ... [Read More]

Ally Points to Used-Vehicle Market as Growth Opportunity

Nick Zulovich
NEW YORK — Revealing preliminary third-quarter results, Ally Financial said that for its auto finance business one of the areas it sees as a strong growth opportunity is the used-vehicle market. And the company has already been ramping up originations for ... [Read More]

Huntington Expands Into Five New England States

Nick Zulovich
COLUMBUS, Ohio — Huntington announced Wednesday that it is expanding its auto dealer financing business into five additional states, including Massachusetts, Rhode Island, Vermont, New Hampshire and Maine. Nick Stanutz, Huntington's senior executive vice president and head of the auto finance and dealer ... [Read More]

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