During prepared remarks covering an array of topics, Consumer Financial Protection Bureau director Kathleen Kraninger revisited a subject particularly important to auto finance companies — how in-person, onsite examinations might unfold. Kraninger told attendees at an event hosted by the Bipartisan Policy Center: “To quote one of the bureau staff in New York — people […] [Read More]

First Investors Financial Services (FIFS) is now using a pair of cloud-based loan solutions fueled by defi SOLUTIONS. Officials highlighted the Houston-based subprime auto finance company went live on the defi loan origination and analytics systems (defi LOS and defi ANALYTICS) in just four months. “We needed an innovative platform and partner who understood our […] [Read More]

While brand loyalty isn’t expected to be strong in the electric vehicle market, Tesla is bucking that trend. And on the autonomous vehicle front, Tesla was found to be the “most trusted name” to launch a product in that space, though some concerns are rising. As the auto industry continues to gauge and respond to the […] [Read More]

At NADA Show 2019 in San Francisco earlier this year, Dave Bates and Kasi Edwards of Reynolds and Reynolds talk about the dealer focus on increasing profit per customer, dealership employee productivity and efficiency, the impact of digitization on suspicious activity monitoring and more. Plus, the Reynolds execs share where they see dealers innovating. The […] [Read More]

J.D. Power Valuation Services noticed wholesale prices closed the first quarter stronger than analysts initially expected. As a result, the firm again is adjusting its 2019 forecast after incorporating March’s information. After six consecutive months of declines, analysts reported in the latest installment of Guidelines that the used-vehicle market bounced back in March. The rebound […] [Read More]

Carvana keeps on growing, and its presence is now climbing higher in the Rockies. The e-commerce platform for buying and selling used cars on Thursday launched its as-soon-as-next-day delivery service for Colorado Springs, Boulder, Fort Collins and Greeley area customers. Carvana now offers its service in five markets in the state and 122 markets across […] [Read More]

Auction Academy’s Class 5 Group completed the final course on its program syllabus — which included a tour of ADESA Las Vegas — and celebrated its graduation. The graduation ceremony took place on March 27 during the awards and recognition ceremony at the Conference of Auto Remarketing in Las Vegas. Auction general manager Jay Hinchman […] [Read More]

A new mobile app for dealers from Carpages.ca is a recently revised mobile inventory management tool that is a complete rebuild of the previous Dealer Dashboard, which was a first-generation mobile app. With the revised app, dealers can extract vehicle information from the VIN decoder built into the in-app camera to create vehicle listings of […] [Read More]

On the eve of last month's Auto Remarketing Canada Conference in Toronto, we visited the headquarters of TRADER Corp., and talked with Matt Lawson, vice president of dealer software and OEM at autoTRADER.ca. Lawson discusses TRADER's partnership with vAuto and and other potential partnership on horizon around dealer software, the company’s conversations on how dealers […] [Read More]

For the third time already this year, PassTime is integrating with another technology provider to help buy-here, pay-here dealerships and subprime auto finance companies. This week, PassTime and BlytzPay announced an integration partnership. PassTime — a solutions company that provides automotive GPS devices — and BlytzPay — a mobile, text payment solution than can allow […] [Read More]