Typically, conference organizers set an agenda ahead of time, but Ignite Consulting Partners tried a different approach and enjoyed great success with its first compliance-training event. Last week, the firm hosted its inaugural Compliance Unleashed Conference for independent dealers and auto-finance companies as attendees completed a pre-conference survey designed to identify their needs and concerns.  […] [Read More]

Weather conditions, sports scores and now repossession status are all things that auto-finance company managers can track online and in real time. Recovery Database Network (RDN), a business unit of KAR Auction Services, announced the launch of what the company called an “industry-first, all-in-one solution” that can enable recovery agents and finance companies to seamlessly track […] [Read More]

It’s a scenario pretty common to buy-here, pay-here dealerships. Store management tries to satisfy a dispute with an unhappy customer, but that individual turns to the internet to vent — and perhaps badmouth — about the dealer and its personnel. It might cross operators’ minds to put a clause in an installment contract prohibiting such […] [Read More]

Through April, the auction volume of vehicles 5 years old or newer has climbed 6.5% in 2019, a year expected to be the peak in supply for this age group of vehicles. That’s according to the latest Guidelines report from J.D. Power Valuation Services, which said auction volume of vehicles 5 years old or newer […] [Read More]

Vehicle subscription provider Fair describes itself as a “forward-thinking alternative to traditional car ownership.” The company offers an app that lets buyers shop, get approved and pay for their next car, all on their phones. Apparently, the company uses that same forward thinking in the area of employee engagement. Inc. magazine named Fair as one of […] [Read More]

Friday and Sunday marked dates for important victories gained by franchised dealerships who have been closely watching activities at the White House and how their businesses might be impacted. Before the weekend, President Trump delayed proposed auto tariffs on Europe and Japan for six months, drawing cheers from both the National Automobile Dealers Association (NADA) […] [Read More]

Used car buying and selling e-commerce platform Carvana is keeping up its busy launch schedule, now offering as-soon-as-next-day delivery in four Mid-Atlantic markets. Carvana announced on Wednesday it has launched in the Hagerstown, Md., Salisbury, Md., Charlottesville, Va., and Roanoke, Va., areas. Carvana now offers as-soon-as-next-day vehicle delivery in 129 markets across the United States. “Our […] [Read More]

Autotrader executive editor Brian Moody says all certified pre-owned vehicle programs are great. But some, he added, stand out from the crowd. In this case, he is referring to Hyundai and Lexus. Autotrader says Hyundai's CPO program is a clear leader in the non-luxury pack, mainly because of its 10-year or 100,000-mile powertrain warranty, the […] [Read More]

In another development related to the upcoming spinoff of Insurance Auto Auctions from KAR Auction Services, IAA Spinco Inc. — which will be renamed IAA — announced a proposed senior notes offering Monday morning. Specifically, IAA said in Monday's news release it intends on offering (subject to market conditions) an aggregate principal amount of $400 million […] [Read More]

Auto Financial Group (AFG) closed the first quarter by adding 11 new credit unions to the AFG Balloon Lending Program. AFG also increased the number of new customer signings in Q1 compared to every quarter in 2018. The company is looking to continue that momentum with more credit unions in its client portfolio, including: — Cinfed […] [Read More]