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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

Zag Reports High Growth, Profitability during Downturn

Nick Zulovich
SANTA MONICA, Calif. — During a time when Autodata reported nationwide industry sales down 12 percent, officials at Zag.com announced the company reached profitability. According to its second-quarter sales results, the online car-buying site saw an increase of 73 percent year-over-year. Those results were ... [Read More]

Florida Ford Franchise Says It Thrives on Used Sales

Nick Zulovich
GAINESVILLE, Fla. — The vice president of Santa Fe Ford, based in Gainesville, Fla., reports that his store didn't need Cash for Clunkers to maintain strong sales. While the store used to pay money for bad credit leads, he says this ... [Read More]

Carolina Automotive Resource Announces New Partnership, Expanded Team

Nick Zulovich
WILMINGTON, N.C. — Carolina Automotive Resource Services recently announced a new partnership that may aid dealers in acquiring their target customer without having to pay for the service up front. The company has joined forces with www.igotmycar.com to help dealers find a specific set of ... [Read More]

AFSA CEO Says Consumer Financial Protection Agency Would Hurt Auto Loan Choices

Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association's president and chief executive officer Chris Stinebert came out with a statement this week saying the establishment of a Consumer Financial Protection Agency will be bad news for consumers when it comes to ... [Read More]

Mercedes-Benz Financial Slowly Rolls Out eValidate Via Service Providers

Nick Zulovich
FARMINGTON HILLS, Mich. — Mercedes-Benz Financial announced it has launched a new, full contract data validation system that integrates with dealers management systems. The program, called eValidate, is designed to perform more than 100 validations of information within seconds, helping to reduce ... [Read More]

Experian Automotive Sees Some Positive Signs in Auto Lending Marketplace

Nick Zulovich
SCHAUMBURG, Ill. — In Experian Automotive's latest credit analysis of the auto industry, the company discovered that credit appears to be loosening via auto lenders from the second quarter of last year to the same quarter of this year. More specifically, ... [Read More]

DebtMarket, First Associates Team Up to Streamline Portfolio Sales

Nick Zulovich
LOS ANGELES and SAN DIEGO — Reacting to a need for a secondary marketplace to open up credit lines, DebtMarket and First Associates recently announced they have joined forces in an effort to provide a new way to sell loan originations. ... [Read More]

Regional Acceptance Signs Deal with DRN

Nick Zulovich
FORT WORTH — Digital Recognition Network announced Wednesday that it has struck a deal with Regional Acceptance Corp., an affiliate of BB&T Corp., to provide its License Plate Recognition software. Regional will basically use DRN's services as a part of its ... [Read More]

iMetrik Solutions Aims to Simplify Collection, Recovery Process

Nick Zulovich
MONTREAL — In an industry segment where consumers sometimes stop payments all together, subprime service provider iMetrik Solutions has introduced something that could help asset holders reduce liabilities. The company announced its new "iMetrik-collect" Web-based software that is designed to help auto finance companies and buy-here, ... [Read More]

President Obama Taps Bloom for New Position

Nick Zulovich
WASHINGTON, D.C. — In addition to retaining his role as senior adviser to the Secretary of Treasury for the President's Task Force on the Automotive Industry, President Obama announced Monday that Ron Bloom is also taking on the role as the ... [Read More]

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