Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
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

HSBC Touches on U.S. Auto Lending Unit, Says Recession More Likely

Nick Zulovich
LONDON — In its May SEC filing, HSBC mostly discussed the challenges with its mortgage business and what it is doing to turn this segment around; however, it also mentioned the U.S. vehicle finance business, indicating this unit is being trimmed ... [Read More]

MAC Launches Revamped Site

Nick Zulovich
LOUISVILLE, Ky. — Military Assistance Co. announced that it completed the first major Web site update since its initial launch in the fall of 1999. According to officials, the primary objectives of this site revamp included improving user experience, enhancing operating ... [Read More]

Auto Affordability Index Reaches 6-Year High

Nick Zulovich
DETROIT — According to Comerica Bank, consumers are likely reducing the average cost of vehicles by simply turning to smaller models. Dana Johnson, chief economist of Comerica Bank, pointed to this as a possible trend after the latest auto affordability ... [Read More]

Delinquencies Rise in Latest CBA Auto Finance Study

Nick Zulovich
ARLINGTON, Va. — Reflecting the current economic landscape, the Consumer Bankers Association's 2008 Automotive Finance Study found that delinquencies climbed 6 percent for new vehicles and 13 percent for used. While the study generally focuses more on the prime credit spectrum ... [Read More]

ADESA’s Kontos Discusses Market Trends at NABD

Nick Zulovich
LAS VEGAS — During this week's National Alliance of Buy-Here, Pay-Here Dealers conference, Tom Kontos, ADESA's vice president of customer strategies and analytics, offered his analysis of the marketplace. He started off his presentation by talking about the presidential candidates and ... [Read More]

Operators Take Center Stage at NABD

Nick Zulovich
LAS VEGAS — Operators discussing best operating practices took the stage this week at the National Alliance of Buy-Here, Pay-Here Dealers convention. Several operating managers came together this week to share insights with the audience in the panel titled "Best Operating Practices ... [Read More]

Last Day of NABD Conference

Nick Zulovich
LAS VEGAS — The last day of the National Alliance of Buy-Here, Pay-Here Dealers conference will take place today. Panels will include topics such as improving underwriting and collections, capital markets, avoiding compliance pitfalls and more. Ken Shilson, founder of the ... [Read More]

DealerTrack Highlights Quarterly Growth

Nick Zulovich
LAKE SUCCESS, N.Y. — Despite what it called moves by some of its financing source customers to curb credit origination volume, DealerTrack Holdings reported a strong upswing in revenue growth for the first quarter of 2008, the company stated. According to officials, ... [Read More]

DriveTime Boosts Credit Facilities

Nick Zulovich
PHOENIX — DriveTime announced earlier this week that it has significantly expanded the company's primary credit facilities and bolstered its capital. According to officials, DriveTime boosted it warehouse credit facilities on Apr. 29 to a combined $735 million from $500 million. ... [Read More]

Cypress Software Systems Joins NAF Association

Nick Zulovich
NORTH RICHLAND HILLS, Texas — Cypress Software Systems, which specializes in developing automated credit-application decision support technology, recently announced that the company has become a member of the National Automotive Finance Association. "Our membership with the NAF Association will help us ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X