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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

ABA: Direct, Indirect Auto Loan Delinquencies Up Slightly

Nick Zulovich
WASHINGTON, D.C. — Late payments for most consumer loans rose in the third quarter of 2006, according to the American Bankers Association's Consumer Credit Delinquency Bulletin. In the auto industry, direct auto loan delinquencies increased to 1.87 from 1.72 percent and ... [Read More]

Flex Fund Launches Flexible Trade-Ins, More

Nick Zulovich
YORBA LINDA, Calif. — Flex Fund Financial Services LLC recently introduced Flexible Trade-Ins to finance dealers' trade-in vehicle transactions that involve outstanding loan balances, according to officials.  Dealers have the opportunity to use the new program to immediately pay-off loan balances ... [Read More]

MAFS Introduces New Marketing Initiative

Nick Zulovich
ATLANTA — Taking advantage of the recent President's Day, Manheim Automotive Financial Services rolled out a new marketing initiative throughout the company's auctions that features larger-than-life replicas of past presidents. MAFS officials said this is the first national advertising campaign the ... [Read More]

Finance Express Responds to DealerTrack Lawsuits

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express reported that it responded to DealerTrack's lawsuits by filing counterclaims, which are pending in the court system.   The legal battle concerns the property rights over computer-implemented credit application routing systems and methods of ... [Read More]

Top Financial Execs To Share Knowledge at iRemarketing 2.0

Nick Zulovich
CARY, N.C. — Remarketing executives from the nation's top banks and financial institutions are among some of the industry leaders to sign on to actively take part in the upcoming iRemarketing 2.0: The Next Generation of Remarketing Technology Conference.    The executives ... [Read More]

Regional Lenders Can Be Just as Important as National

Nick Zulovich
MATTHEWS, N.C. — While many dealers may be more familiar with the national companies that support the subprime industry, the smaller, regional companies can be just as fruitful when it comes to getting that credit-challenged customer behind the wheel. Here's an ... [Read More]

Westlake Financial Names Newmark President

Nick Zulovich
LOS ANGELES, Calif. — Westlake Financial Services recently named Bruce Newmark as president. He succeeds James Vagim, who has served as Westlake's president since 1998. Prior to this new role, Newmark served as the company's chief operating officer, overseeing all aspects ... [Read More]

DealerTrack Gains New Patent, Sues Other Lender Platforms

Nick Zulovich
LAKE SUCCESS, N.Y. — Shortly after being awarded a U.S. patent related to its online credit application processing product, DealerTrack used the patent to file an additional patent infringement action against RouteOne and Finance Express in the U.S. District Court for ... [Read More]

Industry Veterans Launch Indirect Nonprime Auto Lending Company

Nick Zulovich
DENVER, Colo. — When Centrix Financial was affected by regulatory actions against its primary clients, credit unions, several of the top executives behind the company decided to leverage their experience by branching out to establish a new indirect nonprime auto lending ... [Read More]

Lead Provider Launches Web-Based Auto Finance Center

Nick Zulovich
SAN RAMON, Calif. — BlueSky Marketing Group recently launched an online consumer auto finance center, "Powered By myAutoloan.com." The "Powered By" Web site, blueSkyautofinance.com, provides consumers online auto finance solutions and franchise auto dealers approved customers that are ready to buy. ... [Read More]

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