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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

Exeter Finance Partners with Open Dealer Exchange

Nick Zulovich
TROY, Mich. — Open Dealer Exchange announced Monday that it now has an agreement with Exeter Finance Corp. for credit application integration directly within the dealership management system. Open Dealer Exchange is designed to streamline the sales process by securely embedding financial ... [Read More]

Nicholas Financial Reports Record 2Q Earnings, Revenue

Nick Zulovich
CLEARWATER, Fla. — A double-digit jump in revenue pushed Nicholas Financial to record net earnings during its most recent quarter as well as impressive gains for the first six months of its fiscal year. Company executives recently shared that their net ... [Read More]

MVTRAC Brings Santander Consumer USA into Recovery Network

Nick Zulovich
PALATINE, Ill. — This week, Santander Consumer USA joined MVTRAC's network of automotive lenders. The new relationship means as an indirect/direct lender and portfolio purchaser with more than 12,000 dealership relationships nationwide, Santander brings thousands of VINs and an ongoing daily supply ... [Read More]

CU Xpress Says It’s Seeing Record Auto Lease Pace for 3rd and 4th Quarters

Nick Zulovich
HAUPPAUGE, N.Y. — CU Xpress Lease, a leading credit union lease provider, says it is witnessing a record-setting pace is auto leasing activity, with September up 100 percent year-over-year. The company went on to say it processed more than 1,500 lease applications for October. ... [Read More]

General Motors Financial Sends Out Convertible Notes Notices

Nick Zulovich
FORT WORTH, Texas — General Motors Financial, formerly AmeriCredit, announced last week it created a fundamental change company notice and a notice of conversion procedure. Management said these documents were mailed to the holders of notes issued pursuant to the indenture ... [Read More]

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]

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]

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