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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

Auto Funding Services Partners with Another Lead-Generation Provider

Nick Zulovich
SAN RAMON, Calif. — In an effort to better reach all parts of the non-prime market, Auto Funding Services recently partnered with BlueSky Marketing Group. The partnership means not only is AFS integrated with BlueSky's leads platform known as Real Leads, ... [Read More]

Incentives Appear to Be Driving Consumer Response

Nick Zulovich
BANDON, Ore. — In July, thanks to very strong incentives, including special lease deals and used-car trade-in promotions, two automakers smashed through the average industry sales increase of 6.8 percent. While August sales were down significantly year-over-year, many analysts are pointing ... [Read More]

SmarTrend Ranks Two Subprime Lenders Strongly in Terms of Operating Margins

Nick Zulovich
NEW YORK — Based on several positive financial developments, SmarTrend investment analysts recently gave upbeat assessment on the potential return for several consumer finance companies, including subprime auto lenders Credit Acceptance and Nicholas Financial. SmarTrend went with Credit Acceptance because it ... [Read More]

ABI: Bankruptcy Filings Drop Month-Over-Month, but Remain Higher than Last Year

Nick Zulovich
ALEXANDRIA, Va. — Month-over-month and year-over-year comparisons showed the August consumer bankruptcy total is trending two ways. The American Bankruptcy Institute reported this week that August bankruptcy filings fell 8 percent compared to the previous month to 127,028. National Bankruptcy Research Center ... [Read More]

Credit Union Unveils Additional APR Reduction on Green Vehicles

Nick Zulovich
BEAVERTON, Ore. — First Tech Credit Union is offering an additional discount through a federal agency program to give members an APR reduction if they buy certain emission- or fuel-friendly vehicles. The Environmental Protection Agency's SmartWay program covers more than 1,500 ... [Read More]

NABD Realigns Collection, Underwriting Conference to Better Serve Dealers

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers recently announced a revamped format and new location for its fourth annual Underwriting and Collections Conference. This year's three-day event will offer separate educational tracks for collections and underwriting. It's scheduled for Nov.7-9, this time in ... [Read More]

Santander Finalizes Deal to Purchase Remainder of HSBC Auto Loan Portfolio

Nick Zulovich
DALLAS — Spain's Banco Santander has apparently finalized a deal to purchase the remainder of HSBC's portfolio of auto loans for about $4 billion. The bank filed this disclosure with Spain regulators, saying Santander Consumer USA will service the portfolio. Basically, ... [Read More]

CPS Receives Deficiency Notice from NASDAQ

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services revealed this week that the company received a NASDAQ staff deficiency letter. The letter's purpose was to inform CPS it has failed to comply with the minimum bid price of $1 as required by Rule 5450(a)(1). ... [Read More]

Experian: We’re Seeing a Turnaround in Auto Loan Delinquencies

Nick Zulovich
SCHAUMBURG, Ill. — Enthusiasm from Experian Automotive's Melinda Zabritski picked up considerably during her recent Webinar when it was time to discuss the second-quarter amount of vehicle loans with a 30-day or 60-day delinquencies. "This is very good news that we're ... [Read More]

Fitch Expects Auto Loan ABS Delinquencies & Losses to Climb Through 3Q

Nick Zulovich
NEW YORK — According to Fitch Ratings, the performance of U.S. auto loan asset-backed securities is starting to show negative trends, which the company said is "typical" for this time of year. While delinquencies and losses hit their lowest level in three ... [Read More]

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