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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

GWC Warranty becomes NIADA Gold-Level National Corporate Partner

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SubPrime Auto Finance News Staff
GWC Warranty recently joined the National Independent Automobile Dealers Association as a Gold-Level National Corporate Partner. As a Gold-level NCP, GWC Warranty is recognized as one of the NIADA’s most trusted resources, with a proven track record of quality and ... [Read More]

FTC releases report recapping 2019 regulatory activities

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SubPrime Auto Finance News Staff
This week, Federal Trade Commission chairman Joe Simons released a summary of the agency’s 2019 annual highlights, calling attention to the commission’s ongoing efforts to protect consumers and promote a competitive marketplace. By far the largest sum included among the ... [Read More]

Resource Hub

Best Practices, Ideas, and Tools for Business

Turning Dealer Group Data into Demand

Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
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Evaluating VPP Cancellation Systems: 7 Questions Every Lender Should Ask

Selecting the right VPP cancellation system is critical to maintaining compliance, maximizing recoveries, and improving operational efficiency. As regulatory requirements...
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Auto lenders spent on AI. Here’s what paid off.

A panel of auto-lending leaders — CEOs of subprime auto finance companies, VPs of Collections, CROs, indirect-lending executives at two...
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Experian Automotive Dealer Fraud Threat Report

Fraud is Hitting Dealerships Hard When one bad deal can erase tens of thousands in profit, fraud becomes impossible to...
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AI-Financing Spotlight: How Tracy Honda Sells 12-15 More Deals Monthly

Discover how Tracy Honda is outperforming its market by leveraging AI-powered auto financing to drive faster approvals and close more...
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The AI Dealer Playbook: 5 Questions to Ask Before You Buy AI

Artificial intelligence is rapidly reshaping dealership operations by automating communication, improving workflows, and supporting staff with tools like copilots and...
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Speaking the Same Language: How Dealers Structure Capital for Real Estate and Growth

Why Capital Structures Matters in Today’s Market Dealers actively expanding or acquiring real estate are often constrained not by opportunity—but...
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Dealer Playbook: 5 Takeaways for Auto Retailers Using AI

The May issue of Auto Remarketing — “Shifting Gears: AI’s Role in Retail Automotive” — explores how top auto retailers...
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March auto defaults drop to lowest reading in 10 years

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SubPrime Auto Finance News Staff
Perhaps still reflecting seasonality, S&P Dow Jones Indices and Experian noticed the auto-finance default rate improved in March. In fact, the rate not only improved, but it also dropped to the lowest reading going back 10 years. With other data ... [Read More]

ANALYSIS: Best practices in credit reporting coding in disaster scenarios

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Jennifer Reid, Equifax
Given the unprecedented climate that has taken place resulting from the COVID-19 outbreak and containment efforts, we have received a large number of questions in regard to how this event impacts credit reporting particularly given the recent support from the ... [Read More]

3 bureaus now offer free weekly credit reports

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SubPrime Auto Finance News Staff
With so many consumers’ financing in flux because of the coronavirus pandemic, individuals now can examine their credit report more frequently than just once per year. In a joint action, the three national credit reporting agencies in the United States ... [Read More]

PODCAST: Allied Solutions on unusual circumstances created by coronavirus

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SubPrime Auto Finance News Staff
Anne Holtzman and Suzi Straffon of Allied Solutions returned to the podcast to describe how different their company tasks are nowadays with many collections activities on hold and insurance claims reduced — all because of shelter-in-place orders and other restrictions ... [Read More]

Credit Acceptance shares depth of crisis impact, delays Q1 report & shareholder meeting

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SubPrime Auto Finance News Staff
Being a publicly traded company, Credit Acceptance revealed current collection and origination performance trends that many other subprime auto finance providers also might be experiencing because of the coronavirus pandemic. According to a filing with the Securities and Exchange Commission ... [Read More]

Business Intelligence Group honors Spireon for second straight year

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SubPrime Auto Finance News Staff
Spireon received a reason to be celebratory on a Monday morning amid the coronavirus pandemic. Spireon announced it has been named a winner of the 2020 Excellence in Customer Service Award, presented by Business Intelligence Group. For the second year ... [Read More]

In response to crisis, Portfolio launches new claims website

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SubPrime Auto Finance News Staff
Reinforcing an earlier message about the need for teamwork and digitization as COVID-19 disrupts the F&I industry, Portfolio recently announced the launch of a new website for GAP and ancillary claims. Portfolio said its new site features a fully redesigned ... [Read More]

KBRA waiting for auto ABS deterioration after March improvements

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SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) acknowledged its March prime and non-prime auto loan ABS indices don’t yet reflect the depths of how the automotive asset backed securities market might be impacted by the coronavirus pandemic. Auto securitizations showed improving credit ... [Read More]

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