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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

Federal Reserve Reports on Auto Loan Averages

Nick Zulovich
WASHINGTON, D.C. — According to the Federal Reserve, consumer credit increased at an annual rate of 7.5 percent in November. Meanwhile, revolving credit increased at an annual rate of 11.25 percent and non-revolving credit increased at an annual rate of 5 ... [Read More]

Researchers Explain Why Subprime Loans Default

Nick Zulovich
CAMBRIDGE, Mass. — A recent report from the National Bureau of Economic Research analyzed the trends of subprime auto defaults at a large U.S. financial institution. The data taken into account during the analysis included applications and sales from June 2001 ... [Read More]

GMAC Insurance Expands Product Suite for Dealers

Nick Zulovich
SOUTHFIELD, Mich. — Late last week, GMAC Insurance announced it is launching new additions to its suite of technology-based solutions for dealers. Combined with ongoing training and support, IntelliMenu(SM) and IntelliTracker(SM) provide a state-of-the-art, custom-designed, menu-selling process with the potential to ... [Read More]

RouteOne Reports Increased Partners, More Non-Captive Traffic

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced today that it is entering the new year with 250 finance sources signed to its Web-based credit application management system, up nearly 75 percent from early 2007. "The tremendous growth in the number of finance ... [Read More]

Leedom Group Launches ACH Collector

Nick Zulovich
SARASOTA, Fla. — ACH Collector is the latest addition to the Leedom Group's growing list of product offerings, and is designed to enhance profitability for buy-here, pay-here operators by taking full advantage of the technology their customers are already using. ACH ... [Read More]

ADI Takes F&I Management Training Online

Nick Zulovich
SCOTTSDALE, Ariz. — The Automotive Dealership Institute announced it has taken its F&I management training program beyond the classroom with the addition of an e-learning program.   "This Web-based F&I management course allows busy professionals to pursue their educational goals without having ... [Read More]

A Snapshot of American Finances

Nick Zulovich
CHICAGO — In a time when the mortgage downfall remains top news, and word of a recession is cautiously thrown about by commentators, two recent studies took a look at how American finances are fairing. Overall, the studies discovered that consumers ... [Read More]

First Advantage CREDCO Teams with Market Scan, Helps Minn. Dealers Combat Car Buyer’s Bill of Rights

Nick Zulovich
POWAY, Calif. — First Advantage CREDCO announced Wednesday that it will be providing a suite of prospect lead solutions to Market Scan, a leader in vehicle desking technology for the auto market. Under the agreement, dealers using the Market Scan Desking ... [Read More]

RouteOne, MJL Enterprises Complete Integration

Nick Zulovich
FARMINGTON HILLS, Mich. — This week, RouteOne announced it has completed integration with MJL Enterprises. The RouteOne/MJL Enterprises integration is now available to dealers in the U.S. and Canada, executives indicated. Utilizing MJL Enterprises' program FIRST (Finance & Insurance Reporting & ... [Read More]

Xpress Credit Adds Two Subprime Lenders

Nick Zulovich
SYRACUSE, N.Y. — XpressCredit recently announced it has partnered with two lenders to expand its options to new- and used-car dealers.   One of its new partners, Penn Acceptance Corp., provides dealerships with finance solutions for "A to D credit" customers. Customer ... [Read More]

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