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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

Compli Launches Updated DCMS

Nick Zulovich
PORTLAND, Ore. — Compli announced the release of a new version of its Dealership Compliance Management System. According to officials, the company has 42,000 users of its products throughout the nation. "The new release of the Compli DCMS further streamlines automated ... [Read More]

Colo. State Employees Credit Union Partners with Automotive Avenues

Nick Zulovich
ENGLEWOOD, Calif. — Aimbridge Lending Solutions announced that one of its divisions, Denver-based Automotive Avenues, has teamed up with the Colorado State Employees Credit Union. The partnership is designed to continue the expansion of CSECU's auto lending program. "Automotive Avenues ... [Read More]

Average Auto Loan Term Up Slightly

Nick Zulovich
WASHINGTON, D.C. — The Federal Reserve announced earlier this week that consumer credit increased at an annual rate of 6.5 percent in May. Meanwhile, revolving credit grew at an annual rate of 9.75 percent, and non-revolving credit was up 4.5 ... [Read More]

MAFS, CUDL Expand Partnership to Include New Program

Nick Zulovich
ATLANTA — Manheim Automotive Financial Services and CU Direct Corp. announced they have partnered to provide MAFS Advantage to credit unions. According to officials, the program will work to enhance business relationships between credit unions and independent dealers. Officials said ... [Read More]

Triad Hires Sr. VP of Product Development, Risk Management

Nick Zulovich
HUNTINGTON BEACH, Calif. — Triad Financial Corp. announced it has appointed Mark Kelly as senior vice president of product development and risk management. In this position, he will oversee Triad's corporate lending strategy and risk practices. Kelly has more than ... [Read More]

DCX Financial to Relocate Mercedes-Benz, Truck Financial Units

Nick Zulovich
FARMINGTON HILLS, Mich. — Once the Chrysler Financial sale is complete in the third quarter, DaimlerChrysler Financial Services Americas said the corporate staff supporting its Mercedes-Benz Financial and Truck Financial business units will move to a new location in Farmington ... [Read More]

CIQ/Voisys Teams Up with SendTec To Expand Lead Volume, Quality

Nick Zulovich
CLEARWATER, Fla. — CIQ Inc. /Voisys announced that it has partnered with SendTec, a search-centric, multi-channel marketing agency, to increase lead volume and quality. By using SendTec's search-centric marketing services, CIQ/Voisys said it will be able to further develop and ... [Read More]

VantageILM Names Board of Directors, More

Nick Zulovich
PASADENA, Calif. — VantageILM Inc. announced the five individuals who will serve on its newly formed board of directors. "VantageILM is on a fast-growth trajectory," said Robert Yuan, founder and president of the company. "We're pleased to have this talented ... [Read More]

Capital One Auto Finance President Discusses New One Program

Nick Zulovich
McLEAN, Va. — By integrating all subsidiaries into One Program, Ryan Schneider, president of Capital One Auto Finance, said his company now auto approves 98 percent of all auto loans, with an average decision time of less than 45 seconds. ... [Read More]

Drive Financial Settles Class Action Lawsuit

Nick Zulovich
HOUSTON — Drive Financial recently settled a class action lawsuit, which involved more than 1,150 Texas residents who claimed Drive violated numerous federal and state consumer protection laws while attempting to collect debts. Attorney Richard Tomlinson said he filed suit ... [Read More]

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