Collections and repossessions might be a little easier now for buy-here, pay-here and lease-here, pay-here operators who use PassTime and AFS Dealers. The companies announced this week they have completed a software integration and strategic partnership. Executives highlighted that AFS Dealers’ dealership management system integrated with PassTime’s GPS solutions can give mutual customers a simplified […] [Read More]

Our podcasts originating from NADA Show 2019 tackle another important topic — human resources and managing your workforce. KPA chief executive officer Vane Clayton not only discussed the company’s acquisition of Compli earlier this year, but also shared some best practices that can help businesses of all sizes. The full conversation with Nick can be found below. […] [Read More]

After extensive phone interviews with executives at several major commercial consignors and auction houses, I’ll describe the future of wholesale remarketing using the acronym “BOOM.” The respective letters of “BOOM” describe how auction services and consignors are evolving wholesale remarketing to transform brick-and-mortar, online opportunities and metrics to deliver more value to both ends of […] [Read More]

Depreciation accounts for 32.9 percent of the total cost to own and operate a vehicle over the past 12 months. That is according to a “2019 Cost of Vehicle Ownership Trend Report” from vehicle management and reimbursement platform, Motus.  Another finding of the report was that in 2018, the average sale price for a used […] [Read More]

With an appointment the company says indicates a culture committed to diversity and inclusion, Cox Automotive’s Dealertrack appointed Mandi Fang to vice president and general manager of Dealertrack DMS. Fang is a Cox Automotive and industry veteran that the company says brings more than 15 years of executive leadership experience in the automotive retail industry […] [Read More]

Everyone loves a bargain, right? That situation has been the case in the lanes especially with spring beginning to sprout, according to this week’s edition of Black Book Market Insights report. Experts and auction observers noted that searches for clean affordable inventory is intensifying with retail activity beginning to improve in some areas of the […] [Read More]

A way some of the best recovery industry professionals can be recognized is now available and open for submissions. Organizers of the 11th annual North American Repossessors Summit — held by the American Recovery Association (ARA) in conjunction with headline sponsor Harding Brooks Insurance — have opened its online award submissions for the 2019 NARS […] [Read More]

Veros Credit is taking additional measures in an attempt to keep fraud from permeating its portfolio. This week, the subprime auto finance company became the latest provider to adopt PointPredictive’s fraud scoring solution. Veros Credit joins a growing list of finance companies that are relying on PointPredictive’s automotive fraud consortium and patent-pending machine learning algorithms to […] [Read More]

Looking at the automotive industry from a global perspective, Moody’s Investors Service didn’t paint the most upbeat scene this week, especially for the U.S. market and vehicle financing. Analysts said in a new report released this week that the outlook for the global auto manufacturing industry for the coming 12 to 18 months has changed […] [Read More]

Jon Hart is general manager of Escondido Auto Super Center, an independent dealership in Escondido, Calif., that’s been in business since 1994 in the city that’s about 30 miles north of San Diego. The store lists more than 200 vehicles in inventory mostly from domestic and Asian automakers with a few high-line units sprinkled in, […] [Read More]