Financial

Automotive Finance Corp. is celebrating its 35th anniversary this year by encouraging its branches to complete 35 acts of kindness before the end of 2022. AFC president Jim Money and chief operating officer Will Mitchell join the show to talk about how the AFC team is getting involved in these acts of kindness, how the business […] [Read More]

In another episode originating from this year’s NAAA annual convention, Cherokee Media Group senior editor Joe Overby caught up with Sandy Moon and Danny McNelis of NextGear Capital. They delved into more detail about the auction services group that NextGear Capital launched earlier this year as well as other subjects connected with dealerships and their […] [Read More]

Polly, an insurance marketplace for the auto retail market, said Wednesday it has acquired Brinckerhoff & Neuville Insurance Group, a New York-based independent agency. The agency is now operating under the Polly name, and all of its employees have transitioned to the Polly team. The purchase continues Polly’s strategy of building a network of local […] [Read More]

Jeremy Beck is vice president of sales operations for APCO Holdings and brings more than 20 years of experience in the automotive industry to the EasyCare and GWC Warranty training teams. Previously, Beck was a national training manager with F&I expertise and spent more than 14 years in various retail positions, from sales to managing […] [Read More]

Autonomy continues to expand in the Golden State. The electric vehicle subscription company — which says it is the “cheapest, fastest and easiest way to get a Tesla Model 3” — said in news release Wednesday that its services have launched in Bakersfield, Calif. Autonomy launched in Los Angeles in January, then the San Francisco […] [Read More]

According to Experian’s State of the Automotive Finance Market report, Michigan continued to pace the nation during first quarter with 61.5% of new-vehicle financing originated in that state being a lease. Two other states known for heavy leasing activity weren’t far off that mark, as Experian reported last week that ... TO READ THE FULL STORY […] [Read More]

ACV said Monday it has launched a self-service portal for dealer customers using ACV Capital’s floor plan services. Dealer customers will be able to access a seamless post-auction financing solution through the floor plan program in the portal, which is now available. The self-service portal, which is located in the top navigation bar on the […] [Read More]

CreditIQ founder Bill Liatsis sits down with senior editor Joe Overby at NADA Show 2022 and shares a bit more about the company's business model, which offers a fintech platform providing instant online auto finance screening and approvals to facilitate online vehicle buying. Liatsis also discusses how CreditIQ, which was purchased by the CARS group […] [Read More]

Longtime auto industry analyst Jesse Toprak, whose background includes time with Edmunds, TrueCar and Cars.com, is now the chief analyst at Autonomy, the electric vehicle subscription platform from Scott Painter and Georg Bauer. Toprak was most recently the chief executive officer of CarHub. His auto analyst roles included being the chief analyst at Cars.com, the […] [Read More]

Following its acquisition of America's Auto Auction, XLerate Group has brought the Auction Credit Enterprises (ACE) and XL Funding (XLF) floor plan finance companies under common leadership. XLerate — which is the parent company of America’s Auto Auction and XLerate Auctions, Liquid Motors as well as the two aforementioned floor plan providers — has named […] [Read More]