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Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
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

CarBiz Launches New Web Site

Nick Zulovich
SARASOTA, Fla. — CarBiz announced today that it has launched a new lease-here, pay-here Web site. CarBiz officials said they offer a variety of services to consumers and dealers from buying cars to providing financing and leasing, as well as operating ... [Read More]

VINtek Introduces Dealer Monitoring Program for Lenders

Nick Zulovich
ORLANDO, Fla. — Philadelphia-based VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other auto finance lenders, announced the launch of its Dealer Monitoring Program. The new offering is a risk ... [Read More]

KeyBanc Predicts Resurgence in New-Vehicle Sales Over Next Several Months

Nick Zulovich
CLEVELAND — The rising demand for used vehicles and loosening of financing will soon translate into increased demand for new-vehicle sales, according to the latest report from KeyBanc. Driving this expected ramp up of demand are improving retail auto financing and ... [Read More]

Wachovia Dealer Services Joins AppOne Platform

Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced today that Wachovia Dealer Services, a Wells Fargo Co., has joined its platform. Wachovia Dealer Services, the fifth-largest auto finance company in the nation, will purchase automotive retail ... [Read More]

RouteOne Teams Up with DealerCentric to Assist Dealers

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced that it has completed integration with DealerCentric. DealerCentric can enable dealers to capture and convert leads to credit applications and qualify online or offline consumers to specific vehicles and lender programs at the beginning of ... [Read More]

Westlake Financial Enters New State

Nick Zulovich
LOS ANGELES — Westlake Financial Services recently announced its expansion into a new state — the Louisiana market. This brings Westlake's operations to a total of 36 states. Contracts for Louisiana will be accepted starting April 20. Geoff Branda, vice president of IT ... [Read More]

Fed: Interest Rates at Auto Finance Companies Plummet to New Low

Nick Zulovich
WASHINGTON, D.C. — The average interest rate on new-vehicle loans at auto finance companies hit an all-time low of 3.17 percent, according to the Federal Reserve this week. As a comparison, unless the latest preliminary statistic is a Federal Reserve typo, ... [Read More]

CPS CEO Says Company Greatly Reducing New-Contract Purchases from Dealers

Nick Zulovich
IRVINE, Calif. — During the fourth quarter of 2008, Consumer Portfolio Services reported it purchased $7.3 million of contracts from dealers, compared with $33.6 million during the third quarter and $265.8 million during the fourth quarter of 2007. Overall for the year, ... [Read More]

Louisiana Credit Union First to Join AppOne’s Credit Union Platform

Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced that it has added the first credit union on its credit union platform. Joining this platform is Dow Louisiana Federal Credit Union. Using the AppOne platform, DLFCU is ... [Read More]

DBRS Upgrades Three Classes from Two Auto ABS Transactions

Nick Zulovich
NEW YORK — In a bit of positive news, DBRS announced it has upgraded three classes from two auto asset-backed securities transactions. These include: —$4,705,917 Goldman Sachs Auto Loan Trust 2005-1, Class B from AA to AA (high) —$2,449,479 Goldman Sachs ... [Read More]

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