Dealerships that use Textmaxx Pro now have additional capabilities with a particular DMS. The national text message communication platform recently integrated its services with Commercial Software (ComSoft), a dealership management and marketing software solution company based in Raleigh, N.C. Officials highlighted Textmaxx Pro’s state-of-the-art business-to-business and business-to-consumer communication services will be directly available through the […] [Read More]

Another large dealer body is ramping up its efforts to address the industry-wide need for qualified service technicians. As part of National Apprenticeship Week, Byrider announced its service technician apprenticeship program received registration by the U.S. Department of Labor. The company underwent a rigorous process that took over five months to complete, in partnership with […] [Read More]

While a bit higher than the year-ago reading, the latest auto-finance default rate included among the S&P/Experian Consumer Credit Default Indices is on par with what the metric has been in October multiple times during the past five years. This week, S&P Dow Jones Indices and Experian released its data through October and reported the […] [Read More]

Adjusted third-quarter 2019 earnings results from Group 1 Automotive reflected an after-tax cost of approximately $9 million associated with Tropical Storm Imelda. Many of the company’s employees “had their lives devastated” as a result of the severe flooding, said Group 1 president and chief executive officer Earl Hesterberg during the company’s earnings call on Oct. […] [Read More]

Attention, Canadian auto auctions: Auto Remarketing Canada is putting together an “Auction Life” photo spread for our next print issue.  If your auction or auction group would like to participate, submit photos via email to senior editor Joe Overby at joverby@autoremarketing.com no later than close of business on Friday, Nov. 29. If you are sending large or multiple pictures, a zip […] [Read More]

Manheim has created a new vice president of industry partnerships position, and filling that role is a longtime company leader who is next in line to be president of a trade group that Manheim will continue to work with through this position. Named to the post is Julie Picard, who will be the National Auto Auction […] [Read More]

A banking merger first announced back in February finally received a blessing from federal regulators on Tuesday. The Federal Reserve Board met and approved the application by BB&T Corp. of Winston-Salem, N.C., to merge with SunTrust Banks of Atlanta, becoming Truist Financial Corp., as the potential provider for dealerships’ commercial financing and indirect auto financing needs. […] [Read More]

Resolvion — the newly formed provider of loss mitigation services stemming from the recent merger of ALS Resolvion and Del Mar Recovery Solutions — added a well-known executive to its board. Resolvion announced on Wednesday that Tim Russi, former vice chairman of Ally Auto Finance, has joined the company’s board of directors. Russi joins Resolvion […] [Read More]

According to data released back in June by the Pew Research Center, 81% of Americans now own smartphones. That’s up from just 35% Pew analysts discovered during their first survey of smartphone ownership conducted in 2011. Trends like that are having a significant impact on auto financing, as the recent findings from the J.D. Power […] [Read More]

Among the festivities during Used Car Week 2019, the seventh annual Vincentric Best Certified Pre-Owned (CPO) Value in America Awards were announced. Leading the way was Ford, which collected six model-level awards. Lexus and Subaru also demonstrated strong CPO value with five and four model-level awards, respectively. The best in class performance by Ford Vans […] [Read More]