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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

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]

1-800-LoanMart Goes to the Wrestling Ring for Latest Promotion

Nick Zulovich
LOS ANGELES — Executives from 1-800-LoanMart, a direct financer title loan company, recently announced they've recruited one of the most famous performers from the sports entertainment world to be featured in upcoming promotions. Professional wrestler and 12-time world heavyweight champion better ... [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]

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]

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