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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

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]

Deal Pack DMS Adds Floor Planning

Nick Zulovich
JACKSONVILLE, Fla. — Advanced Business Computers of America recently announced an improvement to its DMS system, which is called Deal Pack. The DMS system now offers a fully integrated floor planning solution for dealers. From roll fees to floor plan reserves, ... [Read More]

RouteOne Announces New Integrations

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne has partnered with two new companies to further enhance its dealer offerings.  In one of the partnerships, RouteOne announced it is now incorporating Carfax Vehicle History Reports into its company's Web-based platform. This can give dealers access to their ... [Read More]

New Data Finds that Subprime, Deep Subprime Outstanding Balances Continue to Grow

Nick Zulovich
COSTA MESA, Calif., and NEW YORK — Apparently, consumers are continuing to migrate to lower credit bands. In fact, the number of consumers falling into the super-prime category has dropped by 10 percent since the third quarter of 2008, as measured ... [Read More]

Bankruptcy Filings Climb Over Last August

Nick Zulovich
ALEXANDRIA, Va. — Bankruptcy filings in August again increased over the same month in the prior year. However, on the brighter side, the number of filings was a decline from July. More specifically, the American Bankruptcy Institution reported 119,874 consumer bankruptcy ... [Read More]

AWARE: Transportation is Vital to Job Seekers

Nick Zulovich
WASHINGTON, D.C. — As many Americans this Labor Day deal with record high levels of unemployment, Americans Well-Informed on Auto Retailing Economics pointed out that the importance of transportation when looking for jobs is vital. The group went on to say ... [Read More]

Digital Recognition Network Partners with TFS to Recover Vehicles

Nick Zulovich
FORT WORTH, Texas — With many companies and reports finding that repossessions and defaults are on the upswing, recovering these vehicles has become even more important to lessening charge-offs and bolstering bottom lines. To help recover these vehicles, Toyota Financial Services recently ... [Read More]

TransUnion: Annual Auto Loan Delinquencies Continue Climb

Nick Zulovich
CHICAGO — TransUnion.com discovered that the national 60-day auto delinquency rate declined between the first and second quarter from 0.83 percent to 0.73 percent. However, the annual delinquency rate was another story. The company reported that the annual rate climbed 7.35 ... [Read More]

BMW Financial Teams Up with Chordiant to Improve Collections

Nick Zulovich
CUPERTINO, Calif. — In tough economic times, customers can get behind or become unable to make payments. Walking the line between getting the customer current and keeping him willing to pay and hurting the relationship can be tricky.  With Chordiant Software's ... [Read More]

RouteOne Completes Westlake Integration

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced that it has completed integration with California-based Westlake Financial Services. Westlake funds contracts through a network of more than 5,000 new and used dealerships throughout the United States. It is the financial services arm ... [Read More]

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