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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 Equity Loans Launches Three New Offices

Nick Zulovich
WILMINGTON, Del. — Auto Equity Loans, a provider a short-term loans based on "clear and free" auto loan titles, announced it is opening three new offices in Wilmington, Bear and Newark, Del. "Banks have shut their doors to consumers who need ... [Read More]

NAF Association to Host Webinar to Update Industry on Consumer Protection Agency Ramifications

Nick Zulovich
HANOVER, Md. — How will the new Consumer Protection Agency impact non-prime auto financing? That's what the National Auto Finance Association is seeking answers for in its upcoming Webinar slated for 12:30 p.m. ET on Wednesday. Basically, the association will be ... [Read More]

Wolters Kluwer Enhances Fair Lending Solution

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced this week that its Fair Lending Wiz software now includes an ethnicity proxy functionality. Management explained the enhancement can allow financial institutions to make a determination of whether a loan applicant is Hispanic when ... [Read More]

Nicholas Financial Continues Growth Strategy

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial announced Wednesday that it has opened two new branch offices. The new facilities are in Morrow, Ga., and Fort Wayne, Ind. The office in Morrow is Nicholas Financial's fifth branch in the greater Atlanta metropolitan area, ... [Read More]

Reynolds, COINdata Partner to Enhance Dealer F&I

Nick Zulovich
DAYTON, Ohio — Reynolds and Reynolds and COINdata recently reached an integration partnership intended to strengthen a critical part of the vehicle sale process. Executives explained the agreement means the Reynolds LAW 553 Universal Retail Installment Sale Contract now is the ... [Read More]

GrooveCar Unveils New Web Strategy to Push Auto Lending at Credit Unions

Nick Zulovich
HAUPPAUGE, N.Y. — GrooveCar recently revamped its website with a host of added features and promotions geared to boost the potential for credit unions to capture more direct auto loan accounts on new and used vehicles. Officials from the financial intermediary emphasized ... [Read More]

Wells Fargo Dealer Services Continues Business as Usual

Nick Zulovich
DES MOINES, Iowa — Wells Fargo Dealer Services' president told SubPrime Auto Finance News this week that the Wells Fargo Financial restructuring will have no impact on indirect dealer auto loans. Indeed, Tom Wolfe told SubPrime, "The restructuring of Wells Fargo ... [Read More]

GMAC’s North American Auto Finance Business to Become Ally

Nick Zulovich
DETROIT — This morning, Ally Financial announced it will rebrand its GMAC consumer and dealer-related auto finance operations in the U.S., Canada and Mexico with the Ally name. This follows the transition of the parent company to Ally Finance Inc. in ... [Read More]

ABA: Direct, Indirect Auto Loan Delinquencies Improve

Nick Zulovich
WASHINGTON, D.C. — Both direct and indirect auto loan delinquencies showed improvement for the quarter, according to the American Bankers Association. ABA reported that direct auto loan delinquencies dropped from 1.94 percent to 1.79 percent. Meanwhile, indirect auto loan delinquencies fell ... [Read More]

Chase Auto Finance Continues Expansion in Southeast

Nick Zulovich
GARDEN CITY N.Y. — After Chase Auto Finance unveiled new offices in the Midwest and the Northeast earlier this year, this week the company expanded its presence in the Southeast. Executives announced the opening of a full-service Custom Finance Business Center ... [Read More]

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