The c-suite revamp at Credit Acceptance continued on Wednesday with the appointment of Joe Billante as chief financial officer, effective July 27. Billante succeeds Jay Martin, who will retire on July 27 after 23 years with the subprime auto finance company. Credit Acceptance has announced several retirements in recent months, including chief executive officer Kenneth […] [Read More]

America’s Car-Mart has already closed 60 dealerships since November in three separate moves that leadership said was, “because they are the right thing to do for the long-term health of this business.” But if the buy-here, pay-here operation doesn’t secure new financing by the close of business on Friday, Car-Mart might not have a car […] [Read More]

There were more than 137,000 catalytic converters stolen last year, according to data from Carfax, as these devices are not only somewhat easy to nab from some vehicles, but also contain high-value precious metals. And word to the wise: some of the most frequently targeted for catalytic converter theft are the most popular vehicles on […] [Read More]

LocateSmarter and Repo Report see a partnership that they finalized on Wednesday gives repossession agents valuable details to complete assignments more efficiently. According to a news release, address data from LocateSmarter will be integrated directly into Repo Report — the service provider, not to be confused with the Cherokee Media Group publication — to enhance […] [Read More]

Federal Reserve Governor Michael Barr spent a portion of his most recent Saturday at American University in Washington, D.C., outlining how ongoing deregulation in banking and other parts of financial services is creating numerous potential problems for consumers and credit providers. Barr closed his remarks with a warning, saying, “And when the bill comes due, […] [Read More]

FIS and Fuse contend that auto lenders are losing deals to faster competitors because their systems can’t keep up and legacy loan origination platforms are largely to blame. To address this situation, the financial technology company and cloud-native lending solutions provider announced a strategic alliance to give auto and equipment lenders across the United States […] [Read More]

Car Pros Automotive Group said Wednesday that five of its Southern California stores are now live on Amazon Autos. Those dealerships include Car Pros Kia Glendale, Kia Huntington Beach, Kia Moreno Valley, Honda El Monte, and BMW of Downtown Los Angeles. Shoppers within 75 miles of a Car Pros store can browse and begin vehicle […] [Read More]

What Tyler Lackey described as having a “front-row seat” in the development of TurboPass as a verification solution in the auto-finance industry has led to him taking the seat as the company’s chief executive officer. On Tuesday, TurboPass appointed Lackey as CEO, effective immediately. Meanwhile, Mike Jarman, who has led the company since co-founding TurboPass […] [Read More]

QoreAI said Wednesday it has launched a unified dealership data platform and has brought on Lokam.ai as its first native agentic application partner. QoreAI is a unified data infrastructure platform and Lokam.ai is an automotive voice AI company – both are designed specifically for retail automotive. The launch of the platform gives dealers, “access to […] [Read More]

AutoNation was the largest Toyota dealer in the country last year. It just got bigger. The retailer said Tuesday it has acquired Toyota of Newnan from Tameron Automotive Group, its 21st Toyota store in the U.S. and third in Georgia. AutoNation now has 19 dealerships in Georgia. Its latest addition in the Peach State, which […] [Read More]