Toyota Financial Services evidently really likes the results the captive receives from Millennium Capital and Recovery Corp., since the auto-finance provider gave another honor to the forwarding company. TFS recently handed its Recovery Services Excellence Award to Millennium Capital and Recovery as part of Toyota’s ongoing performance award program that is intended to drive performance […] [Read More]

Vision Dealer Solutions went to academia to solve complicated computations finance offices regularly face. The provider that offers VisionMenu, in collaboration with Purdue University Fort Wayne, released a lease payment solver that officials said this week will essentially reverse-engineer the setups for lease calculations with any dealer management system (DMS). “Four years ago, we approached […] [Read More]

AGORA bolstered its executive team this week with a pair of new additions. The Texas-based provider of technology solutions for the financial services industry announced Jim Bass has joined the management team as the senior vice president of finance and Zach Maynard as the senior vice president of marketing. AGORA founder and chief executive officer Steve […] [Read More]

CarGurus senior editor Matt Smith says shopping for a used vehicle can be “a journey peppered with uncertainty.” But Smith says CarGurus’ inaugural Editor’s Choice Used Car Awards, which the company launched in Canada, are a “signal of assurance for used-car shoppers” when they are looking for a vehicle. The vehicles in this awards program […] [Read More]

A partnership between a hiring and talent management company and an automotive marketing services company could be a big step to helping solve what is said to be an automotive industry-wide problem: employee retention. Hiring and talent management platform Hireology has partnered with automotive marketing services company Maritz to help dealers identify the best candidates […] [Read More]

At NADA Show 2019 earlier this year, we caught up with Jessica Stafford, who is senior vice president and general manager of Autotrader. She explains how the conversation around digital automotive retail has "shifted" from a year ago and why digital retail was such a big theme at the NADA convention. Plus, Stafford talks about Autotrader's […] [Read More]

Many people know LoJack as a stolen vehicle recovery company. Now, LoJack’s parent company, CalAmp, is partnering with Trophy Automotive Dealer Group to launch two LoJack products that CalAmp says will improve inventory management and provide customers with advanced connected car, driver safety and security services. Trophy will launch LoJack LotSmart and LoJack SureDrive across […] [Read More]

Thanks to a new partnership announced Tuesday, a consumer who leases a vehicle through the Honcker on-demand leasing platform will able to sell his or her existing vehicle to Carvana. Honcker has integrated the online used-car retailer’s proprietary technology into its platform, allowing consumers to receive an offer on their existing ride through Carvana and set up […] [Read More]

Insurance Auto Auctions has appointed Vance Johnston chief financial officer. Johnston, who most recently served as CFO for SP Plus Corp., will report to IAA chief executive officer and president John Kett. Kett said Johnston’s experience in leading finance teams and working toward operational efficiency will help IAA decrease cycle times and increase efficiencies for […] [Read More]

Make it five weeks in a row of wholesale values moving higher fueled by the 2019 spring market. According to this week’s Market Insights report from Black Book, editors noticed several car segments continued to show strong week-to-week retention, especially vehicles that might turn with buyers looking to stay within a budget. “Broad strength in […] [Read More]