Already a training provider, RISC now is getting involved in the employment part of the repossession and recovery industries. On Tuesday, the firm launched RepoHiring.com in an effort to helps connect collateral recovery industry employers with qualified job seekers. Free for both employers and job seekers, RISC emphasized this site is designed with the asset […] [Read More]

Fintech firms Tresl and Flexco Fleet Services highlighted their latest philanthropy efforts. The companies recently partnered the Hourglass Foundation, a philanthropic arm of Hourglass Management Co.,  to support Local Initiatives Support Corp. (LISC) and financially assist in continued efforts to close the racial opportunity gap and lift millions of Americans out of poverty. Officials explained […] [Read More]

According to the recently released S&P/Experian Consumer Credit Default Indices, United States auto loan defaults dropped 10 basis points to 0.56% in May. This comes on the heels of the release of Experian’s State of the Automotive Finance Market Report, which showed significant decreases in delinquency rates on automotive loans Q1 2020.  In fact, the […] [Read More]

Fleet maintenance being done through mobile programs continued to gain usage this week. Merchants Fleet announced a partnership with YourMechanic, a leading automotive mobile maintenance and repair services provider that brings vehicle care directly to customers’ homes, offices or lots. The fleet company said in a news release that the partnership has enabled Merchants Fleet […] [Read More]

A week after landing nearly $300 million in financial resources to expand operations, DigniFi is integrating its financing platform for auto repairs and services with Xtime. To help increase dealer revenue per repair order and provide customers with more flexible service financing, the Cox Automotive division announced on Tuesday that it’s integrating with DigniFi to […] [Read More]

DAA Northwest and the McConkey Auction Group are going digital with their annual Rock & Roll Sale. This year, which is the 25th anniversary of the auction’s signature event, the festivities include a series of simulcast-only sales event and a virtual concert performance from The Cronkites on the roof of DAANW’s auction arena. Initially, rock […] [Read More]

In this episode of the Auto Remarketing Podcast, senior editor Joe Overby catches up with PureCars chief executive Jeremy Anspach. They talk about automotive advertising during the pandemic, the various channels advertisers are using, manufacturing shutdowns, the turnaround in used cars and more. To listen to the episode, click on the link available below, or visit the Auto […] [Read More]

Asbury Automotive Group’s deal to purchase Park Place Dealerships is back on, with revised terms from the previously announced agreement in December, the retailer announced Monday. More details and an update on that transaction can be found below. In other dealer group M&A news, Lithia Motors said Tuesday it has acquired Smolich Chrysler Jeep Dodge […] [Read More]

The used-car market continues to be a bright spot for franchised dealers, particularly for two public dealer groups sharing operational updates this week. Lithia Motors said Tuesday it generated around a 23% year-over-year spike in same-store used-vehicle unit sales during June, which was a record month in pre-owned for the retailer. Same-store new-vehicle sales were […] [Read More]

On Tuesday, IAA made its third move during the past two weeks in connection with its operations in the United Kingdom. The newest action is connected with IAA announcing that its U.K.-based business unit has completed the roll-out of IAA Buyer Portal, a new purpose-built and exclusive digital auction site designed to offer buyers an […] [Read More]