ACV Auctions says its rapid U.S. growth continues, with west expansion from Texas to California proceeding ahead of plan. The company has doubled its Texas footprint in one year. To keep pace with that growth, the company says it is placing top talent on its roster, and on Tuesday ACV announced it has hired Doug […] [Read More]

Text communication is on the rise. To connect with consumers outside of the dealership, dealers can no longer rely on e-mail alone, according to auto dealer service department software company Xtime. To communicate, consumers use email and many other channels, according to Xtime. If dealers ignore one or more of those channels, they could lose […] [Read More]

Ryan Davis says his company built its inventory finance business line Float by BacklotCars to be “a more transparent and flexible way to pay for inventory.” “The ability to give dealers a more personalized experience will help us further our mission to make wholesale easy,” Davis, who is BacklotCars’ co-founder, said in a news release. […] [Read More]

Cars.com says it is continuing its “clean SEO strategy” and mobile-first product development approach, and because it says the majority of car shoppers are browsing on the go, Cars.com continues to invest in mobile. Cars.com, a digital marketplace provider, says that investment is fueling its audience growth, and the company announced on Monday that it […] [Read More]

vAuto founder and Cox Automotive executive Dale Pollak joins the Auto Remarketing Podcast and talks about his upcoming fifth book, which will discuss the "fundamental flaw" in how "every dealer" manages and prices used-car inventory. "Now I realize that that's a pretty bold claim," Pollak said. "But I'm 100% positive, and, in fact, I'm capable […] [Read More]

Credit union members in one of Ohio’s largest cities now can take advantage of what truPayments is geared to deliver. The financial technology company announced on Tuesday that it has teamed up with Kemba Credit Union to offer its members a vehicle-buying benefit, tru Shop-by-Payment, through the Kemba Member Auto Center website. The company explained […] [Read More]

AFG Canada announced that CUA, a full-service banking institution based in Halifax, Nova Scotia, has signed on to AFG Canada’s leasing program. The partnership with CUA further reinforces AFG’s mission to expand into new markets in Canada to meet the rising consumer demand for residual based financing, otherwise known as leasing. AFG’s program will be […] [Read More]

While wholesale prices for cars and trucks edged lower, Black Book’s latest Market Insights report contained details to refute the notion that it’s a soft September in the auction lanes. In fact, Black Book executive vice president of operations Anil Goyal said, “Used-vehicle prices declined slightly last week, although the used market remains relatively strong […] [Read More]

Tricolor tapped a new leader to oversee the insurance offering the company announced last month. Tricolor, one of the nation’s largest used-vehicle retailers focusing on the sale and financing of vehicles to Hispanic consumers, on Monday named Archie Gall as chief executive officer of its affiliate company, Tricolor Insurance. The provider of affordable insurance for […] [Read More]

Not only did Automotive Intelligence Council member Equifax share its latest data about how originations are trending, vice president of automotive marketing and strategy Jennifer Reid also delved into six best practices that could help finance companies of all sizes. Even as subprime originations slow to the lowest level Equifax has seen in more than […] [Read More]