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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

CUDL Reports on Credit Union Performance

Nick Zulovich
RANCHO CUCAMONGA, Calif. — According to the recently released 2008 Auto Lending Business Intelligence Report from CU Direct Corp., credit unions' performance in the auto lending sector in 2007 was on par with those of banks and other lenders. A major ... [Read More]

Zoot Partners with Lenders to Help Them Better Serve Dealers

Nick Zulovich
BOZEMAN, Mont. — Founded in 1994 with Ford being its first client, Zoot has evolved significantly over the years. And now, more than ever, its vice president of product development said the company's services are in high demand. Why? According to ... [Read More]

CNW: Subprime Approvals Drop to Less than 2 Percent of Loans

Nick Zulovich
BANDON, Ore. — Subprime buyers, and the dealers trying to finance them, are finding it more difficult than ever to get approval for a new-vehicle loan, according to Art Spinella, of CNW Research. "For all levels of new-car shoppers — prime, near-prime ... [Read More]

CBA Announces New Bi-Annual Auto Finance Study

Nick Zulovich
ARLINGTON, Va. — The Consumer Bankers Association announced that it is now offering a bi-annual auto finance study, which covers benchmarks and statistics on indirect auto lending. Compiled by BenchMarch Consulting International, CBA officials call the ramped up version of the ... [Read More]

U.S. Courts Release Final 2007 Bankruptcy Numbers

Nick Zulovich
ALEXANDRIA, Va. — Total bankruptcy filings in the United States increased 37.8 percent last year over calendar year 2006, according to data released today from the Administrative Office of the U.S. Courts. Bankruptcy filings totaled 850,912 for the 12-month period ending ... [Read More]

Consumer Portfolio Services Announces Securitization

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced that it closed a term securitization transaction recently, issuing $244.4 million of triple A notes backed by automotive receivables. In the term transaction, qualified institutional buyers purchased $244,409,000 of notes backed by automotive receivables ... [Read More]

VantageILM Enhances Collection Offering

Nick Zulovich
PASADENA, Calif. — VantageILM, a provider of integrated lender/leasing management solutions for finance firms, banks, leasing companies and credit unions, recently announced it has upgraded its collection program. According to officials, the additions are designed to ramp up their on-demand, SaaS platform to increase ... [Read More]

Fiserv Integrates with WebCEO

Nick Zulovich
BROOKFIELD, Wis. — In an effort to help auto lenders better deal with the turbulent times, Fiserv announced this week that it has integrated its automotive lending solutions with Conquest Systems' WebCEO desktop reporting tool. This integration is designed to allow ... [Read More]

Flatiron Financial Teams Up with Cypress Software, DealerTrack

Nick Zulovich
NORTH RICHLAND HILLS, Texas — Flatiron Financial Services of Centennial, Colo., announced today that it has selected Cypress Software Systems LP's Mark IV consumer loan automation platform and DealerTrack Interface to automate the company's indirect auto financing operations. "We chose Cypress' ... [Read More]

Autosave Introduces Alternative Funding for Credit Risk Customers

Nick Zulovich
FARMINGTON HILLS, Mich. — Autosave, a five-year/100,000 mile warranty program provider, recently announced the national rollout of its Save a Deal Program. The program provides approved financing to all Autosave dealer customers, regardless of credit history or rating. Paul Pawlusiak, president ... [Read More]

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