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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

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]

Former AmeriCredit Exec Becomes CEO of Exeter Finance

Nick Zulovich
IRVING, Texas — Exeter Finance Corp. recently announced that it has a new chief executive officer and vice chairman. Taking on this role is Mark Floyd. Floyd has a long history with Exeter's founders, which include Sam Ellis, Richard Frunzi, Daniel ... [Read More]

First Associates Names New EVP

Nick Zulovich
SAN DIEGO — National loan servicer First Associates recently tapped a veteran with more than 20 years of industry experience to be its executive vice president and equity partner. Taking on this role is Laurence Chiavaro, who has been charged by ... [Read More]

CarMax Expands Ohio Market Penetration

Nick Zulovich
RICHMOND, Va. — CarMax doubled the amount of rooftops it has in Ohio this week. The company already operated two facilities in the state capital, Columbus, but now showrooms are up and running in both Cincinnati and Dayton. The new Cincinnati ... [Read More]

Fitch Says Prime Losses Down But Issues Words of Caution

Nick Zulovich
NEW YORK — According to Fitch Ratings delinquencies and losses on prime auto loan asset-backed securities hit their lowest levels in May since the summer of 2007. However, officials cautioned that this trend was "mainly due to seasonal factors." In fact, ... [Read More]

AmeriCredit’s CEO Describes Surviving the Downturn

Nick Zulovich
FORT WORTH, Texas — At the recent Below-Prime Credit Auto Financing Conference, Dan Berce, president and chief executive officer of AmeriCredit, described how his company survived what many have called another "Great Depression." AmeriCredit's management team started to see the capital ... [Read More]

Will N.Y. State Regulation Drive Auto Loan ABS Away?

Nick Zulovich
NEW YORK — According to DBRS, the New York State Assembly has proposed a new bill called the Vehicle Lienholder Accountability Act, which company officials say could limit auto loan asset-back securities issuers from including receivables originated in that state in ... [Read More]

iMETRIK to Hold Free Webinar about GPS/SID Evaluation

Nick Zulovich
MONTREAL, Quebec — iMETRIK Solutions, a provider of embedded wireless solutions for the buy-here, pay-here dealer industry, is orchestrating a free Webinar meant to help store management more effectively evaluate GPS and starter-interrupt device technology. Organizers plan to share a checklist ... [Read More]

Experian Shares Latest Auto Loan Trends, Top Lenders

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive reviewed first-quarter data regarding open auto loans and found the better the credit standing, the more growth there has been as compared to the first quarter of 2009. In fact, Experian indicated the only growth came ... [Read More]

NABD Unveils Specifics on Annual Underwriting, Collections Conference

Nick Zulovich
HOUSTON, Texas — The National Alliance of Buy-Here, Pay-Here Dealers recently announced that it will hold its Fourth Annual Underwriting & Collections Conference at a new venue in Dallas on Nov. 7-9, 2010. More than 500 people are expected to attend this ... [Read More]

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