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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

EFG: Dealers need to focus on controllable parts of their businesses

SubPrime Auto Finance News Staff
EFG Companies sees some market strength and positive economic and consumer trends. But the provider of protection products acknowledged there are ongoing vehicle price concerns and lingering inflation coupled with the heightened political climate. EFG said those are ingredients that ... [Read More]

Weltman celebrates opening of new offices near Clevelend

SubPrime Auto Finance News Staff
Weltman, Weinberg & Reis Co. hosted a ribbon-cutting ceremony last week to celebrate the opening of its new offices near Cleveland. Gregory Kurtz, the mayor of Independence, Ohio, along with members of the city council, joined the festivities that also ... [Read More]

How industry is seeing down payments, potential for refinancing

Kinetic Advantage finalizes first securitization
Nick Zulovich, Senior Editor
Jody Lambert acknowledged that it often is surprising when a sizeable down payment or trade-in value arrives as part of an application for auto financing. Lambert is vice president of dealer risk management for Anderson Brothers Bank, which is based ... [Read More]

SCM hires Van Scoyoc after 9 years with MBSi

SubPrime Auto Finance News Staff
Secure Collateral Management (SCM) hired a new vice president of business development this week, welcoming a veteran executive who served in a similar capacity within the skip-tracing and repossession management solutions industry. Joining SCM’s executive team is Sam Van Scoyoc, ... [Read More]

NY Fed spots spike in auto finance rejections

Nick Zulovich, Senior Editor
It’s the heat of summer nationwide, but perhaps you could make the argument that things are frozen when considering auto financing and interest rates. Evidence of how frosty things might be within auto financing surfaced from the most recent findings ... [Read More]

Former iA American CRO joins RoadVantage as president

SubPrime Auto Finance News Staff
RoadVantage modified its leadership team in multiple ways this week, welcoming John Lutman as president of the F&I company, which offers a full portfolio of vehicle service contracts and ancillary products through certified agents. With Lutman coming aboard, RoadVantage slid ... [Read More]

AutoPayPlus sees client demand necessitate 30% growth in workforce

SubPrime Auto Finance News Staff
AutoPayPlus has good reasons to be in a celebratory mood this summer. The payment processing company recently hosted an employee gathering because AutoPayPlus’ workforce has grown by 30% year-over-year, sparked in part because of “innovative business process enhancements, increasing customer ... [Read More]

CFPB circular focuses on whistleblowing guidelines for financial institutions

SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau (CFPB) is blowing a whistle, so to speak, about whistleblowing. On Wednesday, the bureau issued a circular to law enforcement agencies and regulators explaining how companies may be breaking the law by requiring employees to ... [Read More]

Loanbridge.AI & AutoSquared.AI partner to speed up repossessions & trim impound fees

SubPrime Auto Finance News Staff
With Cox Automotive chief economist Jonathan Smoke making note of them this week, vehicle repossessions might be an even higher priority for finance companies nowadays. To help with the situation, Loanbridge.AI and AutoSquared.AI reiterated their partnership is aimed to improve ... [Read More]

Cox Automotive: Average used APR up 80 basis points so far in July

SubPrime Auto Finance News Staff
Cox Automotive chief economist Jonathan Smoke squeezed in an online video update about auto financing while also being a keynote presenter in San Antonio this week for the Texas Independent Automobile Dealers Association’s annual convention. Citing data collected via Dealertrack, ... [Read More]

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