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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

Carleton addresses 3 questions connected with financing and Leap Year

leap year for website
SubPrime Auto Finance News Staff
Friday is Feb. 28, but it’s not the last day of February as 2020 is a Leap Year, adding an extra day in the second month of the year. To help finance companies consider an array of potential issues stemming from this ... [Read More]

UPDATED: NADA, NIADA & AFSA cheer DOD’s decision involving Military Lending Act and GAP

military photo credit Glynnis Jones Shutterstock shutterstock_587503802_0
SubPrime Auto Finance News Staff
Dealerships and finance companies now again can cater to servicemembers and their families just like any other civilian customers who finance a vehicle purchase. According to a news release distributed on Thursday afternoon, the U.S. Department of Defense has granted ... [Read More]

Top 25 cities financing oldest used vehicles

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SubPrime Auto Finance News Staff
In its newest study of used-vehicle sales, LendingTree analyzed more than 600,000 auto-finance queries from prospective contract holders in the top 100 U.S. metro areas based on population. Analysts found the city with residents financing the oldest used vehicle on average ... [Read More]

DealerSocket revamped financing menu fueled by F&I Express integration

PrecisePrice for web
SubPrime Auto Finance News Staff
A refreshed F&I menu was part of the newest innovations rolled out by DealerSocket at the 2020 NADA Show. That menu is connected with DealerSocket’s PrecisePrice digital retail solution and stems from an integration with F&I Express and its Express ... [Read More]

RoadVantage hires experienced rental-car professional as new operations support manager

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SubPrime Auto Finance News Staff
RoadVantage named its new operations support manager this week, choosing a professional with extensive experience in the rental-car industry. The F&I product provider hired Mark Johnson, who RoadVantage described as an innovative operations professional and a visionary leader with a ... [Read More]

CFPB considering more rules involving time-barred debt disclosures

compliance
SubPrime Auto Finance News Staff
Last week, the Consumer Financial Protection Bureau shared their latest action involving collections and time-barred debt disclosures. The bureau issued a supplemental notice of proposed rulemaking (supplemental NPRM) regarding the collection of time-barred debt. The bureau proposes to prohibit collectors ... [Read More]

TransUnion: Outstanding contracts top 83 million to close 2019

auto financing
Nick Zulovich, Senior Editor
The latest TransUnion data gives crystal clear evidence to show just how much the auto-finance market has grown during the past three years. Analysts reported 2016 closed with 75.8 million contracts in portfolios. By the close of this past year, ... [Read More]

AFIP gives annual scholarship during NADA Show 2020

award winner
SubPrime Auto Finance News Staff
The Association of Finance & Insurance Professionals (AFIP) recently handed out its Jakob Murray Lange Memorial Scholarship. This year’s recipient honored during the annual Northwood University Dealer Education Awards breakfast at NADA Show 2020 in Las Vegas was Katie DeMarse, ... [Read More]

Assurant highlights capabilities of Virtual Coach for dealership F&I personnel

training
SubPrime Auto Finance News Staff
Assurant is looking to help dealership employees in the finance department stay sharp. The company recently launched Virtual Coach, a simulated, interactive classroom experience as part of the Assurant Virtual Learning Platform. The new programs are from the Assurant Performance ... [Read More]

Nicholas acquires $19M of Platinum’s active portfolio

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SubPrime Auto Finance News Staff
One subprime auto finance company is absorbing much of the portfolio of another provider. On Thursday, Nicholas Financial announced today that it has entered into an agreement with Platinum Auto Finance to acquire approximately $19 million of Platinum’s active and ... [Read More]

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