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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

LendingTree spots states with most and least consumers carrying $1,000 car payments

SubPrime Auto Finance News Staff
It may now seem farfetched, but there really was a time when some consumers only used $1,000 a month to cover rent, car payment and other expenses. New LendingTree research showed that $1,000 now is enough only for some vehicle-loan ... [Read More]

Acting CFPB director defends changes to ‘out-of-control’ agency during Congressional hearings

SubPrime Auto Finance News Staff
Consumer Financial Protection Bureau acting director Russell Vought gave the same opening statement during separate hearing this week hosted by the U.S. House Committee on Financial Services and the U.S. Senate Banking Committee. As part of the bureau’s semi-annual report ... [Read More]

Edmunds pinpoints top 20 trades with negative equity in Q2

SubPrime Auto Finance News Staff
Individuals holding thousands of dollars in negative equity with their trade might not necessarily be pushed into the special finance or subprime departments at dealerships and lenders. But the record-setting negative equity data Edmunds shared on Thursday might very well ... [Read More]

Auto Data Direct rolls out CarLocate in Texas

Nick Zulovich
Help is coming for finance companies and fleet operators that suspect their vehicle collateral might be impounded somewhere in the Lone Star State. Auto Data Direct, a Reynolds and Reynolds company, announced on Tuesday the release of CarLocate in Texas ... [Read More]

Subprime lags behind Dealertrack Credit Availability Index climb of 5 straight months

SubPrime Auto Finance News Staff
The June Dealertrack Credit Availability Index climbed to the highest level in more than a decade, but the subprime segment isn’t surging to that degree. Cox Automotive reported that the share of loans to subprime borrowers in June declined 10 ... [Read More]

APCO boosts EasyCare footprint via acquisition for second time in less than a week

SubPrime Auto Finance News Staff
APCO Holdings announced an acquisition for the second time in less than a week. On Tuesday, the provider of F&I products and dealer solutions said it has acquired the assets of Fidelity Dealer Services. APCO made a similar move on ... [Read More]

SAFCO promotes CFO to president

SubPrime Auto Finance News Staff
Three years ago, Southern Auto Finance Co. (SAFCO) hired Jason Person as its chief financial officer. On Monday, the subprime auto lender promoted Person to be its president. Throughout his tenure at SAFCO, the company highlighted that Person has demonstrated ... [Read More]

AIADA taps Protective as official vehicle service contract sponsor

SubPrime Auto Finance News Staff
The American International Automobile Dealers Association (AIADA) and Protective Asset Protection made it official this week. AIADA announced a new sponsorship agreement with Protective as the official vehicle service contract (VSC) provider sponsor for the association. The sponsorship connects Protective’s ... [Read More]

3 main growth aids now available through EFG Admin Solutions

SubPrime Auto Finance News Staff
EFG Companies has a new F&I solution for operations in growth mode. On Thursday, EFG launched a new comprehensive product administration platform targeting product providers and administrators seeking to expand their business. According to a news release, EFG Admin Solutions ... [Read More]

APCO deepens roots in Southeast, buys Dealer Performance Group

SubPrime Auto Finance News Staff
APCO Holdings is based in the Southeast and deepened its regional roots via another acquisition announced on Thursday. The provider F&I products and dealer solutions has acquired the assets of Dealer Performance Group (DPG), which enhances EasyCare’s presence across the ... [Read More]

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