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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

Chrysler Financial Further Reduces Work Force

Nick Zulovich
FARMINGTON HILLS, Mich. — Chrysler Financial recently announced that as part of its ongoing restructuring, effective immediately, the company has reduced its work force by about 12 percent. This move, which apparently came quietly in late September, impacted all levels of Chrysler Financial's ... [Read More]

Alliance Credit Union Runs Ugly Car Contest to Drive Consumer Interest

Nick Zulovich
SAN JOSE, Calif. — To drive more interest to its company and services, Alliance Credit Union recently ran a special marketing campaign that offered $5,000 to the winner of an Ugly Car Contest. The winner, Jean-Pierre Saintard, of Leland, N.C., was able ... [Read More]

Capital One Continues to Reduce Auto Loans

Nick Zulovich
McLEAN, Va. — Sharing its third-quarter results late last week, Capital One announced that its auto loans declined further due to earlier efforts to "retrench and reposition" its auto finance business. More specifically, loans declined by $667.3 million, or 3.3 percent, ... [Read More]

Fitch Reviews Recent ABS Performance

Nick Zulovich
NEW YORK — In its latest term ABS Credit Action Report, which reviews both auto lease and auto loan ABS trends, Fitch Ratings indicated that one year after the financial crisis hit, liquidity concerns have stabilized. However, company officials reported that ... [Read More]

France Gains IARA Special Achievement Award

Nick Zulovich
NORTH RICHLAND HILLS, Texas — The International Automotive Remarketers Alliance announced this week its recipient of the Special Achievement Award. Bestowed with the honor this year is Scott France, senior vice president of portfolio management at Triad Financial. The award is ... [Read More]

XpressCredit Teams Up with KBB for Values, Much More

Nick Zulovich
SYRACUSE, N.Y. — XpressCredit executives announced Wednesday its lending partners and dealers have now gained a wide range of new- and used-vehicle data, values and related vehicle information and content thanks to a new partnership with Kelley Blue Book. By incorporating InfoDriver into ... [Read More]

AmeriCredit Expands Dealer Relationships by the Thousands

Nick Zulovich
FORT WORTH — As AmeriCredit continues to bolster auto loan originations, it accelerated its dealership relationships through the fiscal first quarter. Overall, the company reported on Wednesday that it has either activated or re-activated about 3,000 dealer relationships. Additionally, AmeriCredit president ... [Read More]

Chase Names Manager of San Diego Custom Finance Center

Nick Zulovich
SAN DIEGO — Chase Auto Finance has named an industry veteran to serve as manager of its Custom Finance Business Center in San Diego. Heading up this center will be Cesar Martinez. "Chase offers local customer service to provide our San ... [Read More]

GM Taps AmeriCredit to Offer Subvented Subprime Financing

Nick Zulovich
FORT WORTH — General Motors recently called on AmeriCredit to offer a subvented program for franchised dealers looking to get credit-challenged customers into new 2009 and 2010 GM models. "The program is structured similar to other manufacturer subvention programs," Caitlin DeYoung, ... [Read More]

CNW: Fewer Auto Loan Applications Approved Across Credit Spectrum

Nick Zulovich
BANDON, Ore. — Apparently, after gaining ground for several months, the share of auto loans receiving approval has now begun to drop, CNW Research discovered in its latest analysis. However, on the brighter side, consumers appear to believe that credit is ... [Read More]

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