This week included a pair of significant, technologically driven moves by the Blue Oval to capitalize on possibilities for electric vehicles as well as cloud connectivity. On Wednesday, Rivian announced an equity investment of $500 million from Ford. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation […] [Read More]

Wantalease.com noticed Ford reversed many of the “generous discounts” on vehicle leases the Blue Oval offered in March by increasing monthly payments in April. According to analysis shared on Wednesday, site officials noticed the Ford Fusion, Taurus, Escape, Explorer and Expedition all experienced price hikes this month. Wantalease reported the Fusion had the highest increase at […] [Read More]

EY describes its Entrepreneur of the Year award as “the world’s most prestigious business awards program for entrepreneurs.” EY started the award 33 years ago, and says it is now recognized globally. It honors “the most outstanding entrepreneurs who inspire others with their vision, leadership and achievement.” For 2019, EY announced that CarLotz co-founders Michael […] [Read More]

GM Financial values its auction partners, and Brad Bollman — who is the GM Financial senior vice president of remarketing solutions for North America — said in a news release that those auctions support his company’s remarketing objectives “day in and day out.” GM Financial’s recent honors for five regional 2018 Auction of the Year […] [Read More]

With the momentum that has lifted the banking sector’s performance over the first half of the decade slowing in major markets — perhaps even auto financing — Boston Consulting Group (BCG) says banks must leverage digital technology to battle disruption and stem the threat of disintermediation brought on by fast-moving, newer entrants. If banks stand […] [Read More]

Along with sharing details about a new affiliate benefit program, Digital Recognition Network (DRN) handed out its annual awards to companies that have demonstrated excellence in the repossession industry. During an appreciation dinner in conjunction with the 2019 North American Repossessors Summit, DRN highlighted that two affiliates tied for the National Affiliate of the Year […] [Read More]

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]