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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

National Lenders Examine 3Q Challenges, Results

Nick Zulovich
SAN FRANCISCO, NEW YORK and McLEAN, Va. — As Wells Fargo Financial, Capital One Auto Finance and Chase Auto Finance recently released their third-quarter results, executives from these firms discussed how their companies have fared in light of challenges stemming from ... [Read More]

VINtek to Provide Title-Management Services to Major Lender

Nick Zulovich
PHILADELPHIA —  VINtek announced Thursday that it added a nationwide lender as a new client, as the company has been chosen by Drive Financial to provide title-management services. "We selected VINtek as our new title management provider because of its record of accurately managing ... [Read More]

Toyota Financial Services Launches Rewards Card

Nick Zulovich
TORRANCE, Calif. — Toyota Financial Services has introduced a new credit card where everyday transactions can earn users points that can be put toward their next purchase at a Toyota dealership. Basically, when consumers use their Toyota Rewards Visa for anything from ... [Read More]

What Led to 2Q Improvement at CarBiz?

Nick Zulovich
SARASOTA, Fla. — CarBiz reported significant growth in its second-quarter earnings report, as quarterly revenue was boosted heavily by the acquisition of several buy-here, pay-here credit centers. More specifically, revenue for the period was $8.78 million, a $7.84 million upswing from ... [Read More]

NAF Association Releases 2009 Conference Information

Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association recently announced the dates and location of its 13th Annual Non-Prime Auto Financing Conference. The event is scheduled for June 3-5, 2009 at the Renaissance Worthington Hotel in Fort Worth, Texas. "The NAF Association ... [Read More]

First Advantage CREDCO Shares Details of Recent Red Flags Seminar

Nick Zulovich
POWAY, Calif. — As dealers continue to prepare for the upcoming Red Flags Rule compliance deadline, First Advantage CREDCO announced that its recent online compliance seminar drew more than 920 registered participants and 1,000 total attendees. "You and The Red Flags ... [Read More]

How Are Auto Lenders, Servicers Mitigating Losses?

Nick Zulovich
NEW YORK — The economic uncertainty and growing unemployment levels have led auto sellers and servicers to keep a close eye on increasing auto loan delinquencies and take proactive steps to mitigate losses, Fitch Ratings explained this week. To discover what ... [Read More]

Regions Halts Indirect Auto Loans

Nick Zulovich
BIRMINGHAM, Ala. — About 2,600 dealers were recently impacted when Regions announced late last week that it will no longer support indirect auto loans, a company spokesperson explained to SubPrime Auto Finance News. As of Thursday, Regions has halted acceptance of ... [Read More]

Prime Portfolio up for Sale Via GDNAuto

Nick Zulovich
ALAMO, Calif. — A California-based regional finance company with a portfolio of 1,058 seasoned prime auto loans valued at almost $26.9 million is hoping to sell its portfolio via Global Debt Network Automotive, the company announced. Although the seller has asked ... [Read More]

Former Credit Acceptance Exec Joins Guidepoint as Sales Director

Nick Zulovich
PONTIAC, Mich. — Guidepoint Systems, a supplier of GPS-based vehicle services, announced the addition of a sales director for its auto finance channel. Taking on the position is Werner Scherz. Officials indicated that Scherz's primary role will be to help expand awareness ... [Read More]

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