Dealer Owned Warranty Co. (DOWC) finalized a partnership with PassTime on Tuesday. DOWC now serves as the warranty administrator for PassTime’s motorsports and RV GPS devices. The provider and administrator of F&I products and services and provider of GPS solutions explained the theft guarantee benefit will allow dealers the ability to offer additional protection coverage […] [Read More]

A founding member of the Automotive Intelligence Council is making a segment of its business available 24 hours a day, seven days a week. On Monday, MBSi Corp., announced the broadening of its technical customer support hours to help clients that use its repossession assignment management software and vendor compliance solutions at all times of the […] [Read More]

Black Book is seeing its Used Vehicle Retention Index return to a seasonal pattern. Analysts released their index reading for October on Monday, indicating that the newest observation came in at 115.6. That figure represented a 0.3% dip from September when it was 115.9. “In the last couple of years, the used-vehicle values held up […] [Read More]

Lithia Motors announced on Monday that it has acquired Williams Automotive Group’s Honda and Toyota stores in the greater Tampa, Fla. market, widening its already large "coast-to-coast network."  Lithia Motors president and chief executive officer Bryan DeBoer said the new partnership increases the company’s national coverage, which he said now reaches nine out of every 10 […] [Read More]

Fueled in part by blossoming relationships with industry players such as CarGurus, Westlake Technology Holdings recently announced that it reached $10 billion in assets under management milestone ahead of its targeted goal of hitting the milestone in 2022. Westlake responded by setting a new goal of $20 billion in assets. When does the company want […] [Read More]

Both Toyota Financial Services and Wells Fargo put initiatives in place to help their customers affected by the recent series of wildfires throughout California, as well as the tornadoes that struck northern Texas last month. The Toyota captive announced in a news release that it is offering payment relief options through a broad outreach that […] [Read More]

Does more data mean more problems? You might arrive at that conclusion based on information from a new Aite Group study commissioned by TransUnion. Across the globe, companies are amassing volumes of data with the intent of optimizing performance, identifying trends and meeting rising consumer expectations. Yet this new research showed nearly 75% of financial […] [Read More]

Market Scan Information Systems and Experian recently released a solution for finance companies that want to know what underwriting strategy their competitors might be using to add to their portfolio. Through a collaboration, Experian and Market Scan will offer mGauge, what they described as a state-of-the-art analysis tool for finance companies hoping to gain more […] [Read More]

Brett Woods, who is vice president of Assurance at Manheim, sat down with senior editor Joe Overby at the recent NAAA Convention in Indianapolis for an episode of the Auto Remarketing Podcast. They talked about the growth in services like post-sale inspections, condition reports, imaging and more, and the impact of digital remarketing in this field. Hear […] [Read More]

Ally Financial provided some insight on Monday in connection with potential buyers arriving at your dealership showroom or store website, especially individuals who already might be weary from new-vehicle sticker shock. Ally pointed out used vehicles are increasingly popular with Americans as consumers turn to the used market for more affordable options, but a recent […] [Read More]