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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

BHPH AutoMax Acquires Auto Group, Signs Inventory Supply Deal

Nick Zulovich
MARIETTA, Ga. — In early December of 2008, the chief executive officer of AutoMax Group entered into an agreement to acquire the AutoMax trade name and the company, which is now incorporated in Georgia. On Dec. 12, AutoMax agreed to acquire ... [Read More]

DBRS Reports Significant Auto ABS Volume Funded Privately

Nick Zulovich
NEW YORK, N.Y. — Auto asset-backed securities declined 50.2 percent last year, according to the latest data from DBRS. However, once the capital markets improve, the company predicts that auto ABS will climb significantly. More specifically, over the past few years, ... [Read More]

DealerTrack Reaches 730 Finance Sources, More

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack recently announced that it has now reached 730 finance sources on its platform. The company also reported that it has upgraded its compliance solution, added DealerSocket to its OpenTrack program and teamed up with TK Carsites. ... [Read More]

Bankruptcies Could Climb By More Than 30% This Year

Nick Zulovich
ALEXANDRIA, Va. — The majority of participants, 65 percent, in a recent American Bankruptcy Institute Quick Poll predicted that bankruptcies in 2009 would increase by at least 35 percent over the nearly 1.1 million cases filed in 2008. Fifty-three percent of ... [Read More]

Suzuki Partners with GE Money to Help Dealers Finance Powersports Customers

Nick Zulovich
KETTERING, Ohio — GE Money, a division of GE Capital, and American Suzuki Motor Corp. announced a multi-year agreement to provide consumer financing for its motorcycles, all terrain vehicles and scooters. The Suzuki Installment Finance program, managed by GE Money's Sales ... [Read More]

JM&A Group Offers Profit Guarantee Per Finance Deal

Nick Zulovich
DEERFIELD BEACH, Fla. — JM&A Group announced it is now guaranteeing a specific profit per finance deal for new dealer customers. Those dealers now have the assurance of adding $200 to their bottom line for each deal, what company officials tout as the industry's ... [Read More]

Invest in America Credit Union Partnership Expands Even Further

Nick Zulovich
RANCHO CUCAMONGA, Calif. — CUDL officials announced this week that they're partnering with the creator of the "Invest in America" program, which is aimed at helping financing credit union members looking to buy vehicles from General Motors and Chrysler. The partnership links CUDL and ... [Read More]

ADP, Reynolds Join to Create New Company

Nick Zulovich
DETROIT — ADP and Reynolds and Reynolds this week unveiled what they hope will be another successful collaboration with the goal of enhancing the loan origination process via a new company, Open Dealer Exchange. Officials described Open Dealer Exchange as a ... [Read More]

Leedom Group Acquires Four BHPH Stores

Nick Zulovich
SARASOTA, Fla. — Leedom Management Group announced it has acquired four buy-here, pay-here dealerships in southern Georgia and has renamed them AutoMaxx of Georgia.   Chris Leedom, chief executive officer of the Leedom Group, said the acquisition will bring to five ... [Read More]

Assurant Specialty Property Expands Operations

Nick Zulovich
ATLANTA — Assurant Specialty Property, a provider of creditor-placed homeowners insurance, auto collateral protection insurance and related services, announced plans to establish a second service center in Duluth, Ga. The new facility will be used to accommodate the company's growing auto ... [Read More]

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