Editor’s note: This commentary is the second in a series compiled by Joel Kennedy, who is the current president of the National Automotive Finance Association and board adviser at TruDecision, looking at the intricacies of repossessions and recovery. The first segment is available here. I founded an auto-finance business during the peak of the Great Recession […] [Read More]

LAUNCHER.SOLUTIONS (Launcher) entered the credit-union world on Tuesday to offers a solution the company believes can work exceptionally well in both the prime and the subprime market with regard to risk assessment and complex workflows. The technology provider specializing in loan originations announced that it now can serve credit unions market with its configurable loan […] [Read More]

The COVID-19 pandemic and government measures to slow its spread are altering the way Americans bank, pay and shop on an unprecedented scale and with rapid speed, according to a survey recently released by financial services technology provider FIS. J.D. Power pointed out that banks have been confronting a difficult paradox for the last several […] [Read More]

Personnel within one of the most important dealership departments still need help as the coronavirus pandemic continues. Organizers of the F&I Providers Relief Fund for F&I managers have raised more than $500,000 in only about a month — half of its $1 million fundraising goal — but the board is still looking for donors to […] [Read More]

On Tuesday, Santander Consumer USA Holdings finalized a voluntary settlement topping $550 million with 33 states and the District of Columbia that alleged that contracts that the finance company funded through certain dealers dating back to 2010 violated consumer protection laws because of the high risk that certain individuals would default. Officials said SCUSA has […] [Read More]

In the current COVID-19 crisis environment, Cars.com is seeing more people considering buying a vehicle, as many view their car purchase as a much-needed escape and safe mode of transportation, said Cars.com editor-in-chief Jenni Newman. “The good news is, consumers no longer have to leave their home to purchase a vehicle, as we’ve seen thousands […] [Read More]

Black Book’s newest COVID-19 Market Update released on Tuesday described how auctions, consignors and dealers all are continuing to acquaint themselves with the “normal” within the wholesale market. Analysts are seeing more indications of a late spring market regenerating a bit as buyers adapt to relying on online technology to make inventory decisions. Black Book […] [Read More]

Dealers are caught juggling how to structure their inventory as shopper activity and purchase intension climbs to levels registered before the coronavirus pandemic arrived, according to information and observations shared by Black Book and TrueCar on Tuesday. And the trends are particularly important considering that the crucial Memorial Day sales weekend is straight ahead. TrueCar […] [Read More]

In this episode of the Auto Remarketing Podcast, Ben Bartosch of J.D. Power Valuation Services returns to the show to talk certified pre-owned vehicles. He weighs in on how long automaker incentives for CPO might last, why dealers should maintain their focus on acquiring CPO-worthy inventory and more. Plus, Bartosch expands on the analysis shared in […] [Read More]

Location Services made two significant additions to its senior leadership team on Tuesday. The provider of loss mitigation solutions for the financial services industry brought on Jose Delgado as chief client officer and Mohit Mahajan as chief information officer. Delaware Street Capital partner David Heller of Location Services’ parent company credited chief executive officer Jerry […] [Read More]