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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

Digital Recognition Network Announces Partnership to Garner New Recruits

Nick Zulovich
FORT WORTH, Texas — Digital Recognition Network, a provider of license plate recognition technology, recently partnered with RepoHiring.com to provide assistance with anticipated personnel growth. DRN indicated it plans to hire as many as 20 professionals for its headquarters within the ... [Read More]

ZimpleMoney Unveils BHPH Dealer Loan Solution

Nick Zulovich
COSTA MESA, Calif. — ZimpleMoney recently launched a new dealer solution, ZimpleAuto. Executives explained the tool is geared so lot management can make and manage vehicle loans to low and middle-income borrowers whose credit was destroyed by the ongoing recession. The ... [Read More]

Capital One Survey Reveals How Consumers Falter During Financing Process

Nick Zulovich
McLEAN, Va. — As much as consumers might be conducting research before making a vehicle purchase, the seventh annual Rules of the Road Survey from Capital One Auto Finance found that many buyers are still ending up in a financial challenge after ... [Read More]

VINtek Commemorates Milestone

Nick Zulovich
PHILADELPHIA — VINtek celebrated a significant landmark this week, revealing Monday that the 20-year-old company's clients list recently reached 1,000 customers. Moreover, officials said the company is still adding several clients daily throughout its various business segments. VINtek said its customer ... [Read More]

GM Seeks Additional Lender Relationships to Drive Sales

Nick Zulovich
DETROIT — General Motors has apparently decided to forgo plans to acquire a captive lending arm and instead is in talks with various financial institutions to strike up new partnerships that increases auto loans approvals across the credit spectrum. GM already ... [Read More]

More BMW Dealers Gain Access to eContracting

Nick Zulovich
WOODCLIFF LAKE, N.J. — Initially rolled out to five states, BMW Group Financial Services and Open Dealer Exchange emphasized their ever-expanding relationship enables BMW dealers to enjoy paperless eContracting and contract data validation directly through Open Dealer Exchange. They believe the ... [Read More]

TransUnion Study Connects Benefit of Consumer-Lender Loyalty to Performance

Nick Zulovich
CHICAGO — TransUnion wanted to learn more about how consumer performance might vary if the individual had multiple accounts with the same lender as opposed to having just one relationship. The company this week released study findings that examined this situation ... [Read More]

Santander Acquires $3.2 Billion of CitiFinancial’s Auto Loan Portfolio, Agrees to Service Agreement

Nick Zulovich
DALLAS — Santander Consumer USA announced today that it will purchase $3.2 billion of CitiFinancial Auto's loan portfolio. Moreover, Santander has also agreed to service a portfolio of approximately $7.2 billion of auto loans that will be held onto by Citi. ... [Read More]

Leasing Opens Back Up and Begins to Thrive as Automakers Seek Higher Sales Goals

Nick Zulovich
BANDON, Ore. — Many captives pulled out of the leasing waters when the economy soured in 2008 and 2009, meaning that only consumers with stellar credit records could get a lease deal from the few remaining players. However, the winds are ... [Read More]

Credit Acceptance Shows Gains in Loan Volume, Extends Revolving Warehouse Facility

Nick Zulovich
SOUTHFIELD, Mich. — Along with an update on a revolving secured warehouse facility and a tender stock offer, Credit Acceptance Corp. shared specifics about significant growth in consumer loan unit volume and value amounts for the recent two- and five-month spans. ... [Read More]

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