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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

Chrysler Financial Sees More Services in Future, Mercedes-Benz Financial Finds New Offices

Nick Zulovich
FARMINGTON HILLS, Mich., and FORT WORTH, Texas — In addition to identifying top executives, Chrysler Financial said its recent independence from DaimlerChrysler will cause no disruption in services or programs. In fact, company officials indicated the new parent company, Cerberus, ... [Read More]

J.D Byrider Launches Site to Dispel Misconceptions about Business

Nick Zulovich
CARMEL, Ind. — In an effort to correct misconceptions about its business, J.D. Byrider announced it has launched a new Web site at JDBFacts.com. "We see a parallel between us and Blockbuster," explained Steve Wedding, president of Byrider franchising. "When ... [Read More]

NAF Association, NADC to Host Workshops

Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association and the National Association of Dealer Counsel announced they will hold educational sessions in September and October. The NAF Association will present a half-day workshop Sept. 23 at the Millennium Hotel in ... [Read More]

ABA Encourages Bankers to Help Teens Learn Credit Lessons

Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association is encouraging bankers to participate in the fifth annual Get Smart About Credit Day, which brings banking professionals into schools to help teens learn valuable credit lessons. The event will be held Oct. ... [Read More]

DealerTrack Acquires AutoStyleMart

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced Wednesday that it has purchased AutoStyleMart, which is a provider of on-demand software solutions that offers dealers the ability to procure, manage and sell vehicle accessories. Executives said the new company acquisition was designed ... [Read More]

White River Shares 2Q Results

Nick Zulovich
INDIANAPOLIS — White River Capital, a special auto finance company that acquires subprime receivables from franchised and independent dealers, announced that net income for the second quarter was $1.7 million, down from $3.6 million in the same period last year. The ... [Read More]

GMAC: Used-Vehicle Originations Up 50 Percent Over Last Year

Nick Zulovich
NEW YORK — GMAC Financial Services reported second-quarter net income of $293 million, compared to $787 million in 2006. According to officials, strong performance in GMAC's global automotive finance and insurance businesses offset losses in the real estate finance business. GMAC's ... [Read More]

Ford Credit Offers Reasons for Lower 2Q Net Income

Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit announced net income of $62 million in the second quarter, down $242 million from earnings of $304 million a year earlier. The decrease in earnings primarily reflected higher borrowing costs, lower credit loss reserve reductions, ... [Read More]

Fed Reports on Credit Trends, Vehicle Sales, More

Nick Zulovich
WASHINGTON, D.C. — Among other trends, the Federal Reserve discovered that household credit decreased marginally since its last report. In fact, several districts observed higher delinquencies on mortgages and other consumer loans. For example, New York, Richmond, Chicago, Kansas City ... [Read More]

Ristken Integrates Protective’s Rates into MenuPro

Nick Zulovich
DALLAS — Ristken Software Services announced it has integrated rates from the Asset Protection division of Protective Life Corp. into its MenuPro product. The move was done to offer dealerships direct access to Protective's rates, in addition to rates from ... [Read More]

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