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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

Hudson Cook Names New Partners

Nick Zulovich
HANOVER, Md. — Hudson Cook LLP announced the addition of four new partners. A few are known for their work with the auto industry. The new partners include Emily Marlow Beck, Catherine Brennan and Lisa DeLessio in the Hanover, Md., office. ... [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]

National Full-Spectrum Auto Lenders Find Market Challenging

Nick Zulovich
McLEAN, Va. — The slower economy, which has strained consumer finances and the credit environment has impacted three of the national full-spectrum auto lenders. In fact, all reported that their auto finance business struggled. Giving an overview of Capital One's business, ... [Read More]

PIN: Federal Rate Cut May Ignite More Captive Incentives

Nick Zulovich
WESTLAKE VILLAGE, Calif. — The recent decrease in the Federal Bank Reserve rate may ultimately lead to more market demand as annual percentage rates for captives and non-captives drop to reflect the change, according to Power Information Network, an affiliate of ... [Read More]

More Small Dealerships Seek Higher Credit Lines

Nick Zulovich
NORTHFIELD, Ill. — A recent poll by the Small Business Research Board indicates that more dealers are seeking to increase their lines of credit this year, with almost one-third saying they expect to ask their principal lenders to raise loan limits. ... [Read More]

Finance Express Adds Two New Subprime Lenders to Platform

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently announced the addition of two more subprime lenders to its platform. Barnett Finance currently serves North Carolina and Virginia and said it has plans to expand to other states in the near future. ... [Read More]

Credit Acceptance Reports Modification to Line of Credit

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced that it has increased the amount of its line of credit facility with a commercial bank syndicate from $75 million to $133.5 million. In addition, officials said the maturity of the line of ... [Read More]

Compli Reaches New Milestone Thanks to Dealers

Nick Zulovich
PORTLAND, Ore. — Compli recently announced that its dealer clients have surpassed 2.1 million processed policies, trainings and assessments on its dealership compliance management system. "We are pleased to arrive at this milestone, which is a remarkable 100-percent annual increase for ... [Read More]

Ford Credit Explains Reasons for Year-Over-Year Net-Income Decline

Nick Zulovich
DEARBORN, Mich. — This morning, Ford Motor Credit Co. reported that its net income for 2007 was down by $508 million when compared with 2006. Overall, net income came in at $775 million for the year, compared with $1.283 billion a year earlier. ... [Read More]

In Preparation of Going National, Resurgent Auto Finance Applies Fiserv Services

Nick Zulovich
BROOKFIELD, Wis. — Fiserv recently announced that non-prime lender Resurgent Auto Finance is now utilizing Fiserv Automotive Solutions' loan origination system and decisioning technology. Resurgent Auto Finance, based in Greenville, S.C., was established in September 2007. It specializes in providing funding ... [Read More]

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