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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

WhereMembersDrive.com Rolls Out New Programs for Colorado Credit Unions

Nick Zulovich
DENVER — A pair of new programs available to participating Colorado credit unions and their members opens the door to exclusive online used-vehicle listings. One of the initiatives through WhereMembersDrive.com allows these credit unions to post recently repossessed vehicles. Then, their ... [Read More]

CNW: Auto Lenders’ Unwillingness to Fund Subprime Paper Likely to Continue to Constrain Sales

Nick Zulovich
BANDON, Ore. — Auto lenders are still apparently remaining very cautious in the quantity of subprime applications they approve and book. And while CNW Research points to this market as extremely profitable as the economy improves, the company also noted it's going to ... [Read More]

Westlake Financial Expands Dealer Base by 20%, Seeks Further 2010 Growth

Nick Zulovich
LOS ANGELES — Westlake Financial Services announced late last week that it is looking to continue to expand originations through the end of the year and into 2010. As part of this drive, the company has launched a shared-participation program. ... [Read More]

Finance Express Integrates Carfax Reports into Platform

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express announced this week that it has reached a deal to secure access to Carfax Vehicle History Reports. Independent dealers who use Finance Express' technology now can obtain these reports with just a single mouse ... [Read More]

Chase Launches Private Label Customer Financing for Jaguar and Land Rover

Nick Zulovich
GARDEN CITY, N.Y., and MAHWAH, N.J. — This morning, Chase and Jaguar Land Rover North America announced they have enhanced their offerings with the launch of the U.S. private label customer financing brands for Jaguar Financial Group and Land Rover Financial ... [Read More]

Despite Tough Environment, NowAuto Shows Improvements

Nick Zulovich
PHOENIX — Despite a troubled economy that has impacted auto purchasing, charge-offs and defaults, buy-here, pay-here dealer group NowAuto said its performance across various metrics have actually improved. More specifically, NowAuto Group reported that purchases, charge-offs and defaults have, in fact, improved significantly ... [Read More]

CPS Looking to Resume Growth in 2010

Nick Zulovich
IRVINE, Calif. — In reporting third-quarter results, Consumer Portfolio Services' chief executive officer called this period a turning point for the company. Basically, total revenues for the quarter came in at $52.8 million, a drop of about $38.9 million, or 42.4 ... [Read More]

AmeriCredit Changes Up Board of Directors Membership

Nick Zulovich
FORT WORTH, Texas — AmeriCredit announced the addition of Robert Sturges to its board of directors this week. Sturges will take the place of Bruce Berkowitz, who resigned from the board. Sturges currently is the president and chief executive officer of ... [Read More]

J.D Byrider Honors Top Dealers

Nick Zulovich
CARMEL, Ind. — J.D. Byrider recently recognized various dealers as winners of its annual awards during the company's November convention in Rancho Palos Verdes, Calif. The Franchise of the Year winners were chosen in three categories — single (one location), mid (two-three ... [Read More]

Tight Credit Cuts Into Mint Leasing’s Revenue Total

Nick Zulovich
HOUSTON — The Mint Leasing attributed the difficulty in securing adequate credit streams as reasons for its latest revenue figures remaining off as compared to last year. Company executives detailed the situation recently in its quarterly financial report. For the three-month ... [Read More]

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