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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

Westlake Financial Extends National Footprint, Realigns Origination Departments

Nick Zulovich
LOS ANGELES — Westlake Financial Services announced it has expanded into three additional states, including North Dakota, South Dakota and Montana. With these three new states, Westlake said it will now originate auto loan contracts in 34 states throughout the United ... [Read More]

Subaru Dealers Gain New GAP Product for Customers

Nick Zulovich
CHERRY HILL, N.J. — Subaru and Subaru Motors Finance recently announced the launch of a new GAP product for franchised dealers. Subaru Equity Shield is a product designed to protect Subaru customers against unforeseen losses. It is distributed through Subaru ... [Read More]

Ford Credit Hit with Steep Charge on Lease-End Residuals

Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit completed its North America operating lease review over the second quarter and reported today that it is taking a hefty hit after discovering that lease-end residual values will likely be significantly lower than previously expected ... [Read More]

Toyota Financial Services Shuffles Management

Nick Zulovich
TORRANCE, Calif. — Toyota Financial Services announced three major senior executive moves earlier this week, in additional to naming a new chief information officer. All changes are slated to take effect July 28. After nine years of leading the company's finance ... [Read More]

Former GMAC Counsel Joins Hudson Cook

Nick Zulovich
HANOVER, Md. — Hudson Cook LLP recently announced the addition of Thomas Buiteweg as a partner at the firm's Ann Arbor, Mich., office. Buiteweg will focus his practice on federal and state consumer financial services laws, with particular emphasis on automotive financing. ... [Read More]

Former Drive Financial Execs Leverage Experience to Re-Enter Marketplace with New Subprime Lender

Nick Zulovich
DALLAS — In an exclusive interview with SubPrime Auto Finance News, Inspire Auto Finance, a subprime auto finance lender, announced its entry into the market. The management team spent 18 months developing a custom technology solution and reworking its subprime lending ... [Read More]

Exeter’s Expansion Plan Gains Momentum

Nick Zulovich
IRVING, Texas — Exeter Finance Corp., subprime auto contract purchaser, reported that it continues to make progress on its expansion plan. On Monday, the company announced the opening of its sixth branch office, with the latest located in Manchester, N.H. According ... [Read More]

DealerTrack Achieves New High in Finance Source Partners

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced Monday that it has hit a new milestone in the number of finance sources connected to its platform — 700. "We are very pleased to reach this milestone of 700 connected financing sources, significantly more ... [Read More]

AppOne Adds New Finance Source to Platform

Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced late last week that Bank of the Ozarks, an Arkansas-based bank that offers commercial equipment financing and leasing through Bank of the Ozarks Leasing, has joined AppOne's lender ... [Read More]

Conference Board: Economy Shows No Sign of Strength

Nick Zulovich
NEW YORK — The Conference Board's Labor Economist indicated Monday that the economy is displaying no sign of strength, predicting that it's quite possible the economy could become even weaker in the second half of the year. More specifically, Ken Goldstein, ... [Read More]

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