With wrongful repossessions costing finance companies and forwarders up to an estimated $1 million annually, MBSi has introduced a solution which significantly reduces lien lost risk and associated costs. MBSi highlighted on Tuesday that Lien Verification is a new product solution embedded within its RecoveryConnect platform, which can automate the process of checking vehicles for […] [Read More]

Resolvion has a new chief operating officer. On Tuesday, the repossession management company announced that it has appointed Darren Stavely as its COO. With more than 20 years of experience in operations, finance, and customer service, Resolvion highlighted that Stavely brings a wealth of expertise in optimizing performance, enhancing customer experience, and implementing process improvements. […] [Read More]

Off-lease volumes and the equity gap between the value of those off-lease vehicles and their residuals: these have been a “double whammy” to OPENLANE’s marketplace business in recent years. But look for that two-headed headwind to reverse course next year. In the company’s fourth-quarter and full-year 2024 earnings call in February, CEO Peter Kelly said he expects 2025 to ... [Read More]

Hertz is putting Tom Brady in at a new position: used-car salesman. The seven-time Super Bowl-champion quarterback-turned-Fox broadcaster is the star of a new ad for Hertz Car Sales to boost consumer awareness that the rental car giant is also in the business of selling vehicles. And to give that boost even more juice, Hertz is […] [Read More]

When it comes to retaining value, Toyota Motor Corporation rules all. Toyota and its premium brand Lexus were the clear winners in Kelley Blue Book’s 23rd annual Best Resale Value Awards — and no one else was even close. Both claimed 2025 model year Best Resale Value: Brand titles, Toyota overall and Lexus in the […] [Read More]

The most aggressive buyer in last year’s dealership buy-sell market is growing again. Lithia & Driveway announced the acquisition Tuesday of Elk Grove Subaru in Elk Grove, Calif., from the Knight Group, a move Lithia said will “strengthen its density in the Southwest region.” The dealership in the Sacramento area is Lithia’s second addition of […] [Read More]

Advanced Business Computers of America (ABCoA) recently rolled its newest software solution powered by artificial intelligence for buy-here, pay-here and lease-here, pay-here dealerships. Following the launch of AI Collections in Deal Pack DMS, ABCoA introduced AI Sales in cyclCRM, a tool designed to improve lead engagement, appointment scheduling, and customer communication for independent dealerships. The […] [Read More]

Auto Remarketing has released its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides brand-by-brand rankings of the top dealers for certified pre-owned vehicle sales at 14 automakers. Those automakers’ respective top 10 lists can be found below and in alphabetical order. All rankings and sales data are provided by the automakers. Acura […] [Read More]

APCO Holdings named Courtney Hoffman as its president on Tuesday. The provider of F&I products — and home to the EasyCare, GWC Warranty, Crystal Fusion and Rider’s Advantage brands — said Hoffman will also continue leading the revenue channel and M&A efforts for APCO Holdings. With more than 25 years of experience in the automotive […] [Read More]

Is now the right time for used-car shoppers to strike? That’s the $30,000 (give or take) question. There was some year-over-year easing in retail used-car prices last month, according to the latest CARFAX Used Car Index report, which showed declines in six of the seven segments included in its analysis. But compared to January, it […] [Read More]