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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

ACS Introduces New Lender Platform for Dealers

Nick Zulovich
CINCINNATI — Automobile Consumer Services recently launched the DriveItNow.net Lending Gateway to give dealers access to financing and leasing sources. DriveItNow.net is designed to help alleviate the problem dealers are having with a tightened credit market by providing a platform of ... [Read More]

Credit Union Acceptance, Wolters Kluwer Broaden Partnership

Nick Zulovich
HOUSTON — For the second time this month, Wolters Kluwer Financial Services expanded a relationship with a credit union service organization. This time, the arrangement is with Credit Union Acceptance Co. so it can offer the AppOne platform in more markets. Now a ... [Read More]

LendingTreeAutos.com Goes Live

Nick Zulovich
CHARLOTTE, N.C. — On Monday, Tree.com announced the launch of LendingTreeAutos.com, which in addition to helping consumers obtain auto loans, will also assist consumers in deciding which vehicle to purchase next. The new site is designed to provide a variety of ... [Read More]

First Investors Curtails Originations

Nick Zulovich
HOUSTON — Discussing latest earnings this week, First Investors Financial Services' management reported that its decision to curtail originations had an impact on results.  And while the company is seeing originations improve, the curtailment did play a factor in rises in both its ... [Read More]

Mint Leasing Makes Major Vehicle Purchase for Corporate Customers

Nick Zulovich
HOUSTON — The Mint Leasing used a portion of its previously announced $10 million credit facility to purchase 61 vehicles for a trio of corporate clients. Mint Leasing bought all of the vehicles from Fred Haas Toyota Country, a Houston-area dealership. ... [Read More]

Lee Auto Malls Acquires Linnehan’s Credit Now

Nick Zulovich
AUBURN, Maine — Lee Auto Malls, a 73-year-old family dealership group, recently acquired the assets of Linnehan's Credit Now and Atlantic Acceptance Corp. to create one of the largest used-vehicle operations in the state. Lee already operates 12 franchise stores primarily ... [Read More]

Experian Webinar Takes In-Depth Look into Auto Finance Market Trends

Nick Zulovich
SCHAUMBURG, Ill. — On Wednesday, Experian Automotive reported that rising average credit scores on both new and used loans, a downswing in delinquency rate growth and lower at-risk loan values have been pointing toward stabilization in the market. More specifically, Melinda ... [Read More]

O’Neil: DealerTrack Reaches 800th Financing Source; Better Days May be Ahead for Industry

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack officials announced Monday that the company reached a new threshold of active financing sources connected to their network. That number now stands at 800, according to Mark O'Neil, chairman and chief executive officer of DealerTrack. Company executives ... [Read More]

Mitsubishi Now Offering Zero-Percent Financing to Sam’s Club Members

Nick Zulovich
BENTONVILLE, Ark. — Available exclusively through the Sam's Club Auto Buying Program, an alternative to the traditional method of buying a car or truck, Mitsubishi Motors announced it is now offering special APR and lease rates to members of this big box franchise.  ... [Read More]

Fed: Average Amount Financed at Auto Lenders Hits New High

Nick Zulovich
WASHINGTON, D.C. — According to the Federal Reserve, the average amount financed on new-car loans at auto lenders is on an upswing. After plummeting to $24,405 in August, perhaps in a reflection of the tight credit markets, this figure has now ... [Read More]

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