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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

DealerTrack Outlines New Business Developments

Nick Zulovich
LAKE SUCCESS, N.Y. — The National Auto Dealers Association's annual convention proved to be an extremely busy announcement time for DealerTrack. The company unveiled a new partnership with JMsolutions, enhancements to its InventoryPro solution, red flag compliance assistance, hitting a new ... [Read More]

Leedom Buys Horse Power

Nick Zulovich
SARASOTA, Fla. — The Leedom Group recently made an acquisition that could help push the company into the advertising and marketing sector, according to officials. The Leedom Group bought Horse Power Ads, a nationwide marketing and advertising company that has specialized in ... [Read More]

RpmOne Updates Drive Card Program

Nick Zulovich
JUPITER, Fla. — RpmOne recently announced that its RpmOne Drive Card program is now accessible through the Internet. Dealer-customers can handle applications and sales transactions, as well and manage their Drive Card accounts through the Web, officials noted. In 2005, the ... [Read More]

ADI Workshop Dates, Leader Announced

Nick Zulovich
SCOTTSDALE, Ariz. — The dates and workshop leader for the Automotive Dealership Institute's Automotive Financing School have been set, according to officials from The Banking Academy and The Asian Banker. The program will be led by professor Marguerite Watanabe, ADI's director of international ... [Read More]

ADESA Acquires PADE

Nick Zulovich
CARMEL, Ind. — ADESA made a major move Thursday as officials announced it has acquired the Pennsylvania Auto Dealers' Exchange in York, Pa. According to officials, the facility is to be renamed ADESA PA and will help solidify the company's presence in the mid-Atlantic ... [Read More]

MAFS Reaches New Annual Milestone

Nick Zulovich
ATLANTA — Manheim Auto Financial Services announced today that it set a new record in 2007 — 1 million new-vehicle floor-planning originations.   To celebrate, MAFS leaders traveled to Manheim Nevada to personally reward the buyer of the 1 millionth unit. "If I could sum ... [Read More]

HSBC Auto Finance Partners with Flatiron Company

Nick Zulovich
PROSPECT HEIGHTS, Ill. — HSBC Finance Corp.'s auto finance business recently announced an alliance with Peak5, a Flatiron Financial Services Co., to remarket Peak5 vehicles at the nationwide network of auctions used by HSBC. HSBC said it will offer its Seven-Day ... [Read More]

Finance Express, Detroit Trading Co. Form Alliance

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express and Detroit Trading Co., recently announced that they have entered into an alliance. As part of the alliance, the companies said they will work together to create an exclusive private-label finance lead acquisition ... [Read More]

RouteOne Enhances Adverse Action Program for Dealers

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced the addition of more enhancements to the adverse action compliance functionality within its Web-based credit application management system. The new functionality, which is provided free of charge, can allow dealers to search for applications ... [Read More]

DealerTrack Hits 475 Financing Sources, Corrects Slight Disruption in Service

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced this week that its number of active financing sources has climbed to 475. Moreover, officials said that industry concerns over a slight interruption in their platform on Saturday and Monday have been resolved. Officials told SubPrime ... [Read More]

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