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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

Huntington Posts Strong 3Q Auto Loan Gains

Nick Zulovich
COLUMBUS, Ohio — In what the top executive called a "bright spot," Huntington Bancshares enjoyed healthy, double-digit gains in average automobile loans and leases when looking at both quarter-over-quarter and year-over-year comparisons. When first comparing the third quarter with the second ... [Read More]

New USAA Ad Campaign Aims to Connect with Current, Former Troops

Nick Zulovich
SAN ANTONIO — To let current and former military members and their families know about the various services it offers — which includes auto loans and car-buying services, just to name a few — USAA said Wednesday that it is rolling out a ... [Read More]

New AFSA Chair Takes Office

Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association has officially brought in its new chair for the 2010-2011 term. Inaugurated into the position was Mary McDowell, who is president the chief executive officer of CitiFinancial North America. McDowell's installation was ... [Read More]

Ford Credit Says Net Income Showed Strong Gains in 3Q

Nick Zulovich
DEARBORN, Mich. — Though revenues slipped, Ford Motor Credit Co. saw its net income jump $70 million on a year-over-year basis during the third quarter, the company said Thursday. Specifically, net income for Ford Credit was $497 million, compared with $427 million ... [Read More]

Ally Financial Begins Registered Exchange Offer

Nick Zulovich
DETROIT — Ally Financial recently announced the opening of an exchange offer for its outstanding 8.3 percent senior guaranteed notes that are due 2015. Company management originally issued an aggregate principal amount of $2 billion of the old notes in ... [Read More]

Fitch Gives Favorable Outlook of Hyundai Loan Receivables

Nick Zulovich
NEW YORK — Last week, Fitch Ratings affirmed the outstanding notes of Hyundai Auto Receivables Trust 2007-A as part of its ongoing surveillance process. Fitch explained the rating reflects the quality of Hyundai Motor Finance's retail auto loan originations, the sound ... [Read More]

Capital One Shows Double-Digit Auto Loan Origination Growth

Nick Zulovich
McLEAN, Va. — Capital One Financial Corp. showed more than a 61-percent year-over-year gain in auto loan originations during the third quarter. Moreover, on a sequential basis, they were up more than 38 percent. More specifically, Capital One had $2.44 billion ... [Read More]

S&P/Experian Index Shows Auto Defaults Finally Make Downward Turn

Nick Zulovich
NEW YORK -—Auto loan defaults didn't decline by the same month-over-month level in September as second mortgages or bank card loans, but Standard & Poor's and Experian found that vehicle contracts did reverse their two-month-old trend. According to the most recent S&P/Experian Consumer Credit Default ... [Read More]

Hotel Discount Ends Soon for NRC and CPO Conferences

Nick Zulovich
CARY, N.C. — The Auto Remarketing Forum Series recently announced that the deadline to book a room at the Manchester Grand Hyatt for the National Remarketing Conference and the CPO Forum at the discounted conference rate of $239 per night is ... [Read More]

Gateway One Now Using AppOne Platform

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced Thursday a California-based finance company has adopted the AppOne platform as a pathway to reach dealers nationwide. Management from Gateway One Lending & Finance made the decision to use AppOne, which can assist with ... [Read More]

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