According to a post on social media, Bell & Williams Associates has selected Recovery Industry Services Co. (RISC) as its exclusive partner for third-party recovery agent compliance monitoring. In a move that was effective Oct. 1, RISC will manage all compliance document monitoring and inspections for Bell & Williams’ recovery agent network. “After a thorough […] [Read More]

Sopra Banking Software (SBS) said the global financial technology company is on track to complete more than 100,000 digital audits across the U.S. by the end of the year, allowing nearly 18,000 U.S. auto dealerships to benefit from its SBS Financing Platform (SFP) Digital Audit solution. SBS highlighted that working with the country’s top floor […] [Read More]

On Tuesday, Carputty announced the launch of Flexloan, a new product that the fintech company said “significantly expands” the namesake’s addressable market. In partnership with Westlake Direct, a division of Westlake Financial, Carputty has introduced Flexloan, which is a product designed to bring Carputty’s transparent financing model to a full spectrum of creditworthy borrowers, extending […] [Read More]

Experts are still trying to project how the dramatic bankruptcy filing by Tricolor Holdings is going to impact subprime auto finance for the remainder of the year and beyond. Legal practitioners from Davis+Gilbert and McDonald Hopkins each recently offered perspectives, touching on subjects like fraud and potential lessons the entire industry can learn. Joseph Cioffi […] [Read More]

Car Pros Automotive Group hit the exacta on August. Two of the dealership group’s California stores took the first and second spots nationally for Kia sales for the month, including a record-breaking performance by Car Pros Kia Glendale. The 726 new and used vehicles sold from that location were the most ever in any month […] [Read More]

As September and the third quarter ended last week, so did federal tax incentives on electric vehicles. That and other goings-on in Washington appeared to have some impact on the overall automotive market and were top-of-mind in the monthly vehicle value indices released by Black Book and Cox Automotive this week. Starting with Black Book’s […] [Read More]

Black Book is working with a vehicle upfitter to put a number on the value of its modified products. The provider of automotive pricing and analytical services is integrating with Fox Factory Vehicles, an upfitter/modifier of performance trucks, cars, vans and SUVs for Ford, Chevrolet, GMC, RAM, Jeep and Mercedes Benz, to enable dealerships, lenders […] [Read More]

Carvana’s growing list of combined auction-reconditioning facilities will soon include one in the New York area. The online used-car retailer said it’s adding an inspection and reconditioning center to ADESA Long Island in Yaphank, N.Y. — the 10th such integration to be added in 2025 — which the company said will expand recon capacity and […] [Read More]

Now Amazon has another important part of the automotive retailing business covered. On Tuesday, Amazon Autos announced the addition of three finance companies — Chase, Santander and Wells Fargo — to its growing automotive storefront. According to a news release, dealers can offer loans from available lenders to customers buying their vehicles on Amazon Autos. […] [Read More]

Regulators often gravitate toward consumer risk when constructing and enforcing rules on businesses such as dealerships. The National Independent Automobile Dealers Association recently asked for some clarity from the Consumer Financial Protection Bureau on that subject. NIADA submitted comments to the CFPB on its proposed rule, adopting a standard definition of “risks to consumers” under […] [Read More]