Industry leaders reiterated during this summer’s Automotive Intelligence Summit the importance of collaboration as technology evolves. Another example of those kinds of partnerships recently came to fruition involving Jericho Information Technology and OneMagnify. Dave McCune, president of Jericho Information Technology which has provided analytics, risk, contact management, compliance and complaint resolution services to indirect auto […] [Read More]

A member of the SubPrime 175 is enhancing its resources to maintain compliance with state and federal guidelines to better serve its auto-finance clients. Victory Recovery Services, a provider of skip-tracing and national repossession management for creditors with collateral secured contracts, is taking another step in enhancing its risk assessment and due diligence efforts by […] [Read More]

When reacting to this week’s trade announcement coming from the White House, one of Edmunds experts cautioned that, “Given that new-vehicle prices are already stretched to record highs, things could take an ugly turn for consumer wallets, especially considering the trend of continuously rising interest rates.” Well, that ugliness Edmunds referenced might have arrived just […] [Read More]

Less than three weeks after announcing it was leading a $140 million round of funding in online auto marketplace Shift, Lithia Motors made another tech-related move on Tuesday. The retailer is giving customers a new way to get in touch with its dealerships. That is, through Apple Business Chat, which lets consumers connect directly with […] [Read More]

Certified used-vehicle sales are poised to set another all-time record in 2018, predict analysts, manufacturers and dealers. A healthy influx of off-lease vehicles and a better grasp on the value of certification among dealers and consumers are keeping demand for CPO vehicles strong.  Helping things along is that light trucks make up a bigger portion […] [Read More]

F&I Express now will operate as a wholly owned subsidiary of Cox Automotive after this announcement became public. Brian Reed, chief executive officer and co-founder of F&I Express, joined Nick for this episode of the Auto Remarketing Podcast to discuss how the acquisition came together and what it means for dealers and service providers. The […] [Read More]

Perhaps the first autumn leaves are starting to fall on your lot. And according to Black Book, so are car prices. The latest Black Book Market Insights Report highlighted that car segment depreciation has accelerated during the past two weeks, with sporty cars, midsize cars and full-size cars seeing some of the largest weekly depreciation […] [Read More]

Keeping track of loaners and their usage might be more manageable now that Dealerware and CDK Global are working together. Fleet management platform Dealerware announced on Tuesday that it has become a participant in the CDK Global Partner Program, a partnership designed to allow service departments to gain critical efficiencies that increase fleet utilization, customer […] [Read More]

Two of the largest repossession organizations are set to become one group. According to an announcement sent to SubPrime Auto Finance News on Tuesday morning, the American Recovery Association (ARA) and Time Finance Adjusters (TFA) are joining together. The statement indicated the new association is expected to launch in January. TFA president Nicki Merthe believes […] [Read More]

Prime Minister Justin Trudeau and at least part of Canada’s automotive industry are happy. On Monday, Trudeau welcomed an agreement-in-principle between Canada, the United States, and Mexico on a modernized trade agreement — the United States-Mexico-Canada Agreement (USMCA) — that the prime minister believes will create good, well‑paying, middle class jobs, strengthen economic ties, and […] [Read More]