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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

SNAAC Names New CFO

Nick Zulovich
CINCINNATI — Security National Automotive Acceptance Corp. named a new chief financial officer today. Taking on this position is Adam Contino, who will be responsible for leading all finance business intelligence and information technology functions. Contino has 23 years of experience, ... [Read More]

SubPrime Auto Finance News Calls for Movers and Shakers Nominations

Nick Zulovich
CARY, N.C. — SubPrime Auto Finance News is putting out the call for nominations of top subprime movers and shakers. Nominations can include auto finance executives, including those of non-prime companies, special finance and buy-here, pay-here dealers, as well as other ... [Read More]

Fiserv Rolls Out Numerous Loan Origination System Enhancements

Nick Zulovich
BROOKFIELD, Wis. — Earlier this week, Fiserv unveiled several enhancements to its Automotive Loan Origination System (LOS). Executives believe the modification can provide auto lenders with the flexibility to meet variable technology and market requirements. Some of the best-practice technologies now ... [Read More]

Economists Optimistic, Predict Gradual Recovery at Automotive Economic Forum

Nick Zulovich
CHICAGO — The overall outlook of economists at the recent Automotive Economic Forecast and Financial Forum was positive — they all believe the economy is on the road to recovery — but they all also recognize that road will be a slow ... [Read More]

TransUnion: Quarterly Auto Loan Delinquency Rates Fall Significantly

Nick Zulovich
CHICAGO — Mirroring positive trends from the latest S&P/Experian Consumer Credit Default Indices, officials from TransUnion on Tuesday noted a sharp decline in the national 60-day auto delinquency rate. The TransUnion rate — which calculates the ratio of vehicle loan borrowers 60 ... [Read More]

S&P/Experian Auto Loan Default Index Shows Improvement

Nick Zulovich
NEW YORK — The latest S&P/Experian Consumer Credit Default Indices highlighted the continued improving performance of auto loans. Standard & Poor's and Experian based their analysis on data through April of this year and found defaulting balances on vehicle loans slid ... [Read More]

Non-Prime Chrysler Customers Can Now Get Financed Via Santander; Expanded Automaker Relationship with GMAC

Nick Zulovich
AUBURN HILLS, Mich. — Thanks to a new partnership with Santander, starting today, Chrysler dealers can ramp up the number of credit-challenged customers they are getting behind the wheel of Chrysler, Dodge and Jeep models. Furthermore, a Chrysler spokesperson told SubPrime ... [Read More]

ABI: Quarterly, Year-Over-Year Bankruptcy Totals Continue to Climb

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute revealed several double-digit increases regarding several time frame comparisons when looking at latest bankruptcy totals. Beginning with first-quarter results, ABI indicated U.S. bankruptcy cases jumped 17.5 percent over the same period in 2009. That rate ... [Read More]

DealerTrack Plans Free Red Flags Webinar

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack is looking to help store management prepare for the imminent deadline for Red Flags enforcement by the Federal Trade Commission. Executives have planned a free Webinar to discuss this topic and more on May 27. Beyond ... [Read More]

Arizona Central Credit Union Joins Effort to Assist Low-Income Buyers

Nick Zulovich
PHOENIX — Arizona Central Credit Union recently partnered with the Northern Arizona Council of Governments to offer a program meant to help low-income individuals purchase a vehicle. Officials explained the basis for Wheels to Work is to assist individuals with limited ... [Read More]

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