Arranging ACH payments for contract holders to stay current on their auto financing used to be as sure a thing as finance companies could have to keep their portfolios healthy. But like many circumstances, it appears things aren’t quite what they used to be. ValidiFI, a provider of predictive bank account and payment intelligence, generated […] [Read More]

With dealership profitability down over the past two years, EFG Companies wants to give auto dealers a way to boost their personal wealth creation strategies. To that end, the F&I and reinsurance provider has introduced its Wealth Builder Profit Participation Suite, which it said delivers a guaranteed profit-per-retail-unit increase along with training that “empirically delivers […] [Read More]

Tropical Storm Helene formed on Tuesday, with the National Hurricane Center predicting a “major hurricane” to strike the Gulf Coast of Florida by Thursday with “life-threatening storm surge and damaging hurricane-force winds.” Also arriving on Tuesday were the latest estimates from CARFAX about how many water-damaged cars already are on the road. After a series […] [Read More]

Dealer Services Network has added two senior executives to its leadership team. Daryl Ludvik is joining the technology-enabled provider of title and registration services for mobility customers in the newly created role of chief technology officer, and Melissa Spiller has come on board as vice president of human resources. “As we continue to scale and […] [Read More]

Autosled has rewarded one of its top sales leaders with another promotion. The provider of digital technology for vehicle transport logistics has elevated Sam Goldenberg to vice president of dealer sales a year after he was promoted to director of enterprise sales. Goldenberg, who has been with Autosled since its launch in 2019, was selected as […] [Read More]

America’s Car-Mart will have a new chief operating officer coming aboard on Oct. 7. According to an announcement made on Tuesday, Car-Mart has appointed Jamie Fischer as COO. Fischer will join the company that operates 149 dealerships and more than 15 reconditioning centers after being with DriveTime since 2012. With more than 20 years of […] [Read More]

Empire Indemnity Insurance Company Risk Retention Group appointed Justin Stokes as its new regional vice president of sales. Based in Frisco, Texas, Empire said on Tuesday that Stokes brings two decades of experience in automotive finance and management with a proven track record in driving revenue growth and exceeding sales targets. Stokes joins Empire after […] [Read More]

More evidence surfaced last week about how stretched family budgets are nowadays, with a survey by Kashable indicating more than 80% of Americans do not have an emergency fund. But the fintech platform that provides “socially responsible credit” and financial wellness solutions as an employer-sponsored voluntary benefit also found 59% of respondents still feel confident […] [Read More]

Go Auto plans to continue to grow and the dealership group is interested in acquiring franchises in Western Canada, the dealership group’s president Phil Abram told Auto Remarketing Canada. But it is also eying further expansion in the United States, he said. “Acquisitions are always challenging to forecast in terms of exact timelines, but I can say that we are always looking for ... [Read More]

A federal judge in Illinois has granted preliminary approval to a settlement in which CDK Global agrees to pay $100 million to resolve claims in an antitrust lawsuit. The class-action suit was filed in 2017 by dealerships accusing CDK and rival dealership management software provider Reynolds and Reynolds of colluding and conspiring to “restrain and/or […] [Read More]