Affordability is the top reason consumers are leasing vehicles. That assertion surfaced from a new Credit Union Leasing of America (CULA) survey of consumers at the beginning and at the end of their leases, with the majority saying they would lease again. The survey showed vehicle leasing’s shorter terms also played a role for these […] [Read More]

NETSOL Technologies tapped another former leader with a European automaker to help guide the provider of artificial intelligence-powered solutions and services enabling OEMs, dealerships and financial institutions to sell, finance and lease assets Appointed to the company’s board of directors effective July 1 was Ian Smith, who previously served as chief executive officer for BMW […] [Read More]

With Kacy Daugherty now serving as chief operating officer and additional new hires in place, FlexPath DXP is accelerating its market expansion with VeriQual, following a fully subscribed funding round. According to a news release, the funding round, backed by a franchised dealer group, will fuel go-to-market efforts for VeriQual, a patent-pending identity verification and […] [Read More]

The Federal Trade Commission basically said, “Game over,” in connection with what officials dubbed a credit-repair scheme called, “The Credit Game.” The FTC recently announced it is sending more than $3.5 million in refunds to consumers harmed by the operation. In 2022, the FTC sued the operators, Michael and Valerie Rando, and their companies, alleging […] [Read More]

A busy summer for F&I Sentinel continued Tuesday, as the provider of tech-enabled solutions associated with F&I products in automotive finance appointed Keishawn Batts as vice president of account management. The company said Batts, who F&I Sentinel described as a seasoned leader with a proven track record in the fintech and automotive industries, will be […] [Read More]

Car shoppers expect dealers to provide a seamless digital buying experience like the ones they get from Amazon and Apple, according to a new survey from artificial intelligence-powered customer data platform Fullpath. The survey of 1,000 Americans who have purchased or leased a vehicle within the past 24 months, conducted in collaboration with independent survey […] [Read More]

eSTART is about to start something new. The Electronic Secure Title and Registration Transformation Coalition announced it will host its first in-person event — the eSTART Modernization Forum — Sept. 22-24 at the Loews Kansas City Hotel, in partnership with the National Auto Auction Association’s World Remarketing Convention. The coalition said the eMF will bring […] [Read More]

Toyota Motor North America (TMNA) is headquartered in Plano, Texas, so the automaker is working with three affiliates and brand dealers to help people impacted by devasting flooding in the Lone Star State. TMNA is partnering with Toyota Financial Services (TFS), Gulf States Toyota (GST), Southeast Toyota (SET), Vic Vaughan Toyota of Boerne and Toyota […] [Read More]

Talk to a group of dealers buying cars from the auction either in the physical lane or via online offerings. One might say wholesale prices are getting more affordable, while another might contend that values are climbing. It’s a similar scenario when comparing the wholesale indices for June released by Black Book and Cox Automotive. […] [Read More]

Fourth of July gatherings might have created some hangovers for party goers who had a bit too much to drink. Experts at ZeroSum see dealerships enduring a “hangover,” as well. And while there is a wide array of remedies to overcome alcohol hangovers, ZeroSum explained the dealerships’ used-car and certified pre-owned departments are the proper […] [Read More]