What happens when customers visit a dealer website and inquire about a vehicle? According to the 2019 Pied Piper PSI Internet Lead Effectiveness Benchmarking Study, BMW auto dealerships ranked highest overall in the study, which measured areas such as whether the customer received an email answering his or her question within 24 hours. Rounding out […] [Read More]

Servicing Solutions added an executive to its leadership team that management called, “one of the industry’s most respected rising stars.” The loan servicing organization specializing in primary and back-up servicing has hired Paul Marquez, an executive with more than 20 years’ experience in the automotive finance industry, as vice president of asset recovery. Prior to […] [Read More]

Platinum Auto Finance is beginning the second half of 2019 with significantly more financial resources. The Clearwater, Fla.-based subprime auto finance company leveraged its relationship with Finitive, a financial technology platform providing institutional investors with direct access to alternative lending investments, to close on a $100 million senior secured warehouse line of credit. A news […] [Read More]

Telenav announced its new chief financial officer on Monday. The provider of connected-car and location-based services selected Hewlett Packard Enterprise (HPE) executive Adeel Manzoor to become the company’s CFO. Manzoor comes to Telenav after serving in a variety of roles for HPE, including: — Chief financial officer and vice president of storage and big data […] [Read More]

Forget what you think you know about millennials* and their relationship with automobiles. Fears that Gen Y — those between 25 and 42 years of age today — would turn their backs on the all-American car-buying tradition are unfounded. To be sure, there was some initial cause for concern. As this demographic came of age […] [Read More]

 To continue the momentum started by our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing has launched Women in Retail, an awards program that specifically recognizes leaders on the retail side of the auto industry. This inaugural class of honorees is spotlighted in the July 1 issue of Auto Remarketing, which includes Q&As with each recipient of […] [Read More]

To continue the momentum started by our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing has launched Women in Retail, an awards program that specifically recognizes leaders on the retail side of the auto industry. This inaugural class of honorees is spotlighted in the July 1 issue of Auto Remarketing, which includes Q&As with each recipient of […] [Read More]

To continue the momentum started by our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing has launched Women in Retail, an awards program that specifically recognizes leaders on the retail side of the auto industry. This inaugural class of honorees is spotlighted in the July 1 issue of Auto Remarketing, which includes Q&As with each recipient of […] [Read More]

Protective Asset Protection is offering dealers another option for their presentation to vehicle buyers who might be considering products sold in the finance office. Just ahead of Fourth of July, the provider of F&I programs, services and dealer owned warranty company programs announced that it has made available online, a series of informational videos for dealers […] [Read More]

Lithia Motors has added Jaguar Land Rover Mission Viejo in California to its network, and the dealership represents Lithia Motors’ first Jaguar Land Rover location. The dealership generated $116 million in revenue in 2018. Lithia Motors president and chief executive officer Bryan DeBoer said the franchise is a good fit toward the company’s strategy of […] [Read More]