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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

Experian Automotive Shares 2Q, Half-Year AutoCount Data

Nick Zulovich
SCHAUMBURG, Ill. — For the second quarter of this year, overall auto loan originations were down 17.47 percent, compared to the prior year, according to the latest AutoCount data from Experian Automotive. When it comes to origination by tier, the company ... [Read More]

DealerTrack Adds New GAP Provider to Aftermarket Network

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack Aftermarket Services announced this week that that Allstate Credit Division has joined its aftermarket network. Allstate Credit Division is an industry-leading solution for real-time aftermarket contract rating, quote generation and digital contracting. According to officials, it ... [Read More]

GDNAuto Teams Up with CreditSmarts

Nick Zulovich
ALAMO, Calif., and LOS ANGELES — Dealerships can now improve their profitability by originating more loans and turning their seasoned loans into operating capital and inventory, thanks to a partnership announced Wednesday between Global Debt Network and CreditSmarts. "This partnership extends ... [Read More]

Compli, EORM Partner to Address Safety, Environmental Exposures at Dealerships

Nick Zulovich
PORTLAND, Ore. — Compli and Environmental and Occupational Risk Management of San Jose, Calif., announced they have formed an alliance to provide top-tier environmental, health and safety information and content to dealers through Compli's Dealership Compliance Management System. "We have found ... [Read More]

Fitch to Host Webcast on Auto ABS Performance Friday

Nick Zulovich
NEW YORK — Apparently, U.S. auto manufacturer health and the performance of auto asset-backed securities continue to cause investor concerns that extend beyond the Big 3 automakers and their captive finance subsidiaries, Fitch Ratings recently reported. Under concern is "virtually all ... [Read More]

Fed: Interest Rates at Auto Lenders Plunge, Amount Financed Bounces Back

Nick Zulovich
WASHINGTON, D.C. — The average interest rate on new-car loans at auto finance companies plummeted from 5.49 percent in June to 3.31 percent in July, according to the latest consumer credit data from the Federal Reserve. The average interest rate is ... [Read More]

RouteOne Adds Several New Lenders to Platform

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced the addition of two new lenders to its platform. It has completed integration with Liberal Finance Service, a New Jersey-based subprime auto lender, via the Loan Origination System provided by XpressCredit. Liberal Finance specializes ... [Read More]

Credit Union Network Joins Finance Express

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently reported that OAG Indirect has entered an agreement to join its Web-based Dealer Management System. OAG Indirect offers retail financing through a network of Credit Unions in 48 of the United States. In ... [Read More]

Chrysler Offers Discount to Consumers Leasing Via Independent Institutions

Nick Zulovich
AUBURN HILLS, Mich. — In Chrysler's August sales report, the company said that while sales are down 34 percent from last year, they are up 12 percent over July thanks to enhanced financing offers, efforts to shift lease-oriented customers to purchasing and ... [Read More]

BMW to Continue Support of Leasing

Nick Zulovich
WOODCLIFF LAKE, N.J. — The president of BMW of North America said Wednesday that the company strongly believes in continuing to offer leasing for its customers; however, he indicated that the company did shift APRs on purchases to drive a better ... [Read More]

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