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]

It has been a busy September for Fair. Less than a week after announcing it was buying Ford Motor Credit’s Canvas vehicle subscription service, Fair said Tuesday it has secured a $500 million revolving credit facility to help “sharply scale” its partnership with Uber. It’s a move that furthers Fair’s ability to be “the supply-side […] [Read More]

Franchised dealers appear to have a rosier outlook on the used-car market than their independent dealer counterparts, according to a study released Monday by Cox Automotive. In addition to other areas, the Q3 2019 Cox Automotive Dealers Sentiment Index delved into the used-car department, which for franchised dealers, is tilted more towards positive.  When asked […] [Read More]

Vehicle safety-recall, monitoring, intelligence and reporting company AutoAp says its new reference guide and user’s manual for auto dealers “codifies the problems and challenges of the safety recall ecosystem.” The reference guide and user’s manual for auto dealers, titled, “Safety Recalls: Think You’re Covered? – Mitigate Your Liability and Increase Profitability,” addresses the topic of […] [Read More]

Foundation Automotive Corp. on Thursday said that it has purchased what it describes as the first carbon-neutral dealership in the world, Motorcars Honda in Cleveland Heights. Motorcars Honda will change its name to Foundation Honda, effective immediately. The approximately 46,550-square-foot facility includes a state-of-the-art service area. Foundation said the dealership’s general manager and managing partner […] [Read More]

Cherokee Media Group integrated more auto-finance workshops and presentations into Used Car Week beginning in 2013. And one of the primary reasons why conference organizers made that move was the National Automotive Finance Association. “When we looked to expand Used Car Week to include an auto-finance component, some of the first steps we took included […] [Read More]