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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

CitiFinancial Auto Announces Some Operational Shifts

Nick Zulovich
IRVING, Texas — CitiFinancial Auto has undergone some restructuring of late in response to the ongoing difficult sales environment. Kim Pulliam, senior vice president at CitiFinancial Auto, told SubPrime Auto Finance News this morning that the company notified dealers of the ... [Read More]

Kbb.com Now Offers Credit Reports for Consumers

Nick Zulovich
IRVINE, Calif. — Kelley Blue Book announced today that site visitors can now access their personal credit reports on kbb.com via an agreement with FreeCreditReport.com. FreeCreditReport.com, a Web site owned by ConsumerInfo.com Inc., which is an Experian company, provides consumers with ... [Read More]

GMAC May Withdraw Bank Application; Credit Unions Partner to Help GM Move Vehicles

Nick Zulovich
NEW YORK — GMAC Financial Services' management team announced that it may withdraw its application to become a bank holding company due to an inability to raise enough capital. GMAC indicated that it has extended the early delivery time with respect to ... [Read More]

Wachovia Dealer Services, Wells Fargo Auto Finance Announce Details of Integration

Nick Zulovich
Wells Fargo alerted team members and dealers yesterday that Wachovia Dealer Services will take over the indirect auto lending business for Wells Fargo after the merger between the two companies, which is expected by year's end. The combined business will ... [Read More]

Finance Express Offers Dealers More Options

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently announced that dealers can now post inventory to VAST.com, AOL Autos and Overstock.com for no additional cost. VAST.com is a rapidly growing inventory posting tool with nearly 4 million vehicles posted, according to officials. [Read More]

PassTime Launches New Company Via Joint Venture

Nick Zulovich
LITTLETON, Colo. — PassTime announced that it has formed a joint venture with the Astrata Group. The new company, which will be majority owned and controlled by Astrata, will be known as PassTime Telematics Inc. (an Astrata Group Co.). Passtime Telematics ... [Read More]

NABD Releases Preliminary Agenda for Annual Conference

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers announced the preliminary agenda for its 11th Annual National Buy-Here, Pay-Here Conference to be held May 12-14, 2009, in Las Vegas. Officials expect the program to be the largest BHPH conference in the ... [Read More]

VINtek Can Help Lenders Gain Current LTV Measurements

Nick Zulovich
PHILADELPHIA — VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders, announced an increase in demand for its AUTOval portfolio optimization analysis. Apparently, more auto lenders seeking to determine ... [Read More]

J.D. Power Ranks Lenders by Consumer Satisfaction

Nick Zulovich
WESTLAKE VILLAGE, Calif. — Releasing its 2008 Consumer Financing Satisfaction study today, J.D. Power and Associates reported that two import financial arms and one domestic captive took top honors in the various segments analyzed. More specifically, BMW Financial Services, Ford Credit and ... [Read More]

ABI: Bankruptcy Filings Down a Bit from October

Nick Zulovich
ALEXANDRIA, Va. — Overall, according to the American Bankruptcy Institute, bankruptcy filings dipped slightly from October; however, they remained up 39.2 percent in November over the same period in 2007. Relying on data from the National Bankruptcy Research Center, ABI reported ... [Read More]

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