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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

Compliance and Market Challenges Focus of NABD Conference

Nick Zulovich
HOUSTON — About 400 dealers and vendors descended on Houston earlier this week for the National Alliance of Buy-Here, Pay-Here Dealers Underwriting & Collections Conference. As usual, a variety of industry experts, finance professionals and dealers were on hand at the ... [Read More]

Daimler Financial Services Americas Announces Re-Structure

Nick Zulovich
FARMINGTON HILLS, Mich. — Daimler Financial Services Americas announced Monday its plans to restructure its customer service, collections and remarketing operations of the Mercedes-Benz Financial sector in Westlake, Texas. Details of the plan include moving 180 positions of the Daimler Truck ... [Read More]

GM Canada Offers New Incentives

Nick Zulovich
OSHAWA, ONTARIO — General Motors of Canada announced late last week it is offering several new deals for consumers. Included in these incentives are the following: —Coverage for a 1 percent GST reduction for cash/finance customers until the updated GST rate ... [Read More]

First Advantage CREDCO Partners with Advent Resources

Nick Zulovich
POWAY, Calif. — First Advantage CREDCO announced Monday it has partnered with software company Advent Resources. As part of this deal, the company is planning to use Advent Resources customer relationship management program in its prospector Internet, bankruptcy and lead operations. Officials note ... [Read More]

Comerica Bank Releases 3Q Affordability Report

Nick Zulovich
DETROIT — Comerica Bank released its Auto Affordability Index for the third quarter late last week and found that the relative cost for an average-priced new vehicle for families has increased, though only by a small margin, and that families are ... [Read More]

VantageILM Names National Sales Director

Nick Zulovich
PASADENA, Calif. — VantageILM announced late last week it has hired a new national director of sales. Filling the position is Jim Kubera, who comes to the company from Hyperion Software. Kubera's responsibilities are slated to include management of sales- and ... [Read More]

L2C Launches New Prime, Subprime Risk-Assessment Feature

Nick Zulovich
ATLANTA — L2C recently launched a new feature that can help auto lenders, according to the company. The function, Link2Credit Score, is designed to provide lenders better appraisal tools in determining risks of potential borrowers. The program, which has been available since ... [Read More]

DealerTrack Posts Another Jump in Transactions

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack Holdings revealed its third-quarter financial results late last week and found that transactions processed are on the upswing, officials reported. The number of transactions processed increased to 23.8 million last quarter, hiking 26 percent from this ... [Read More]

An In-Depth Look into Final Red Flag Regulations

Nick Zulovich
WASHINGTON, D.C. — As many in the industry are aware, the final red flag rules go into effect on Nov. 1 of next year. Are dealers and financial institutions prepared? SubPrime Auto Finance News interviewed several experts this week to get an ... [Read More]

Westlake Financial Reaches Milestone

Nick Zulovich
LOS ANGELES — Continuing its path to growth, Westlake Financial Services recently announced it has hit a new milestone this month by hiring its 100th dealer account manager. "Reaching this milestone is a great success. We are working toward our ... [Read More]

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