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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

RouteOne Completes Integration with Subprime Lender

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced today that it has completed integration with independent subprime lender Nationwide Acceptance Corp. Dealers in all of the markets served by Nationwide can now process credit applications electronically to Nationwide through the RouteOne platform. Basically, ... [Read More]

Compli Plans Webinar to Discuss Wage-Hour Compliance

Nick Zulovich
PORTLAND, Ore. — Compli, a compliance management software provider, is orchestrating a Webinar about a business element the company believes dealers might be overlooking. The upcoming event will focus on wage-hour compliance. Compli has scheduled the Webinar for Jan. 27 beginning ... [Read More]

High Unemployment to Continue to Impact Auto ABS Performance

Nick Zulovich
NEW YORK — High unemployment rates throughout 2010 will continue to apply pressure on gross losses on auto loan transactions, according to DBRS. Basically, DBRS drew a connection between unemployment and credit performance, saying this relationship has continued during the "economic ... [Read More]

Experience Helps Longtime Dallas-Area BHPH Dealer Through Supply Pinch

Nick Zulovich
DALLAS — Chacon Autos is leaning on more than 50 years of experience to navigate through some of the most difficult conditions ever seen in the buy-here, pay-here dealership industry. Co-owner Gary Chaney stressed that utilizing online auctions more this year ... [Read More]

Daimler Financial Names New President/CEO for Americas

Nick Zulovich
FARMINGTON HILLS, Mich. — After announcing that Klaus Entenmann has become chairman of Daimler Financial Services AG in Berlin, the company named a replacement who will head up the company's Americas division, in addition to other moves. Franz Reiner, the former head of ... [Read More]

Fed: Average APR on Auto Loans at Commercial Banks Lowest on Record

Nick Zulovich
WASHINGTON, D.C. — The latest data available from the Federal Reserve reveals that the average interest rate on 48-month new-car loans at commercial banks for November was the lowest figure on record. For November, this number came in at 6.55 percent. ... [Read More]

ABA: Direct, Indirect Auto Loan Delinquencies Show Quarterly Improvement

Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association recently discovered that delinquencies for both direct and indirect auto loans dropped from the previous quarter. ABA found that direct auto loan delinquencies fell nearly half a point to 2.04 percent from 2.46 percent. ... [Read More]

Vehicle Acceptance, PassTime Enter into Marketing Partnership

Nick Zulovich
DALLAS — Since both companies aim to serve buy-here, pay-here dealers, Vehicle Acceptance Corp. and PassTime chose to form a marketing alliance. The partnership announced earlier this week resulted in a coordinated effort to promote PassTime's starter interrupt and GPS devices ... [Read More]

ABI Reveals Annual Bankruptcy Total, Future Outlook

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute pinpointed just how difficult it's been on consumers by sharing exactly how many filings occurred in 2009 and possible trends for this year. Officials revealed data from the National Bankruptcy Research Center that determined ... [Read More]

AFSA Shares More Details on Annual Conference

Nick Zulovich
WASHINGTON, D.C. — As the national economy regains its footing, the American Financial Services Association is gearing its annual conference to give dealers and financial companies specific growth strategies for the rebound. National dealership leaders and top financial company executives are ... [Read More]

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