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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

TransUnion: Gen Z using credit more than millennial counterparts at same age

Gen Z outpaces Millennials in credit use: TransUnion
SubPrime Auto Finance News Staff
The title of a project TransUnion released on Thursday at its 2024 Financial Services Summit (attended by nearly 300 global financial services executives) might have given some frightening flashbacks of struggles with algebra. The new TransUnion study — Solving for ... [Read More]

CFPB report: More complexity results in added costs for consumers

SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau issued a new report last week that suggested consumers tend to pay more for products that have more complex pricing structures, including auto financing. The CFPB said this report is based on experiments with multiple ... [Read More]

3 goals of RPM-MBSi partnership to help lenders, agents & forwarders

RPM & MBSi: Faster Repos (Lenders, Agents)
SubPrime Auto Finance News Staff
This week, RPM and MBSi Corp. announced a new partnership, aligning their areas of expertise in the auto finance industry. The collaboration involving the non-asset-based logistics and transportation provider and the repossession assignment management software company is designed to help ... [Read More]

10 highlights of 700Credit dealer survey about driver’s licenses

700Credit rolls out driver’s license authentication integration with iTapMenu
SubPrime Auto Finance News Staff
Ten intriguing findings surfaced through a survey orchestrated by 700Credit, which interviewed dealerships about their processes for obtaining copies of driver’s licenses from capture to deal jacket storage. The provider of credit reports, compliance solutions, soft pull, and identity verification ... [Read More]

Consumers’ financial stress drops overall but climbs in swing states

Consumers’ financial stress drops overall but climbs in swing states
SubPrime Auto Finance News Staff
While the overall reading dropped to its lowest level in 12 months, LegalShield’s March Consumer Stress Legal Index (CSLI) is starting to exhibit a pattern seen in the past five presidential election cycles. Researchers explained the relationship of swing-state stress ... [Read More]

DriveItAway secures $2M credit line for more growth in EV space

DriveItAway secures $2M credit line
SubPrime Auto Finance News Staff
DriveItAway Holdings now has more resources to continue its mission to help consumers who might have soft credit histories and financial resources — or general apprehension about electric vehicles — get into EVs. On Friday, the company that offers “micro-lease ... [Read More]

Car business could take brunt of impact from keeping rates high

Car business could take brunt of impact from keeping rates high
Nick Zulovich, Senior Editor
The job market improved in April, but the Federal Reserve doesn’t like how inflation is tracking, so policymakers decided not to lower interest rates this week. Comerica Bank is expecting rate cuts by the end of the year, but Cox ... [Read More]

APCO breaks into the glass world by acquiring Crystal Fusion Technologies

APCO acquires Crystal Fusion Technologies
SubPrime Auto Finance News Staff
APCO Holdings continued to grow on Wednesday, announcing the acquisition of Crystal Fusion Technologies, which is a provider of automotive glass protection solutions. The provider and administrator F&I products and home to the EasyCare and GWC Warranty brands said this ... [Read More]

9 recipients of 2024 NARS Industry Awards

award winner
SubPrime Auto Finance News Staff
The American Recovery Association handed out nine industry awards during this year’s North American Repossessors Summit. The 2024 NARS Industry Awards recognized repossession agents as well as representatives from finance companies and service providers. Along with explanations of each award ... [Read More]

EFG adds experienced trio to key dealer profitability positions

efg-adds-experienced-trio-to-key-dealer-profitability-positions
SubPrime Auto Finance News Staff
EFG Companies has added three senior executives with more than 70 years of experience in retail automotive sales and F&I management combined. Joining the firm recently named as a USA Today National Standard Top Employer are: —Adam Fifield as vice ... [Read More]

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