Dealers are looking for finance companies to be even more of an ally. Against a backdrop of declining auto sales in Canada, J.D. Power emphasized that dealers are expecting their lenders to go shoulder to shoulder with them in weathering the tightening market, and are looking for lenders to foster a dealer-lender relationship focusing on […] [Read More]

Hyundai Capital America is teaming up with mobility subscription tech provider flexdrive to help develop alternatives to traditional vehicle ownership. HCA and flexdrive are collaborating on several financing options to support vehicle subscriptions, not only giving consumers another option for vehicle usage, but dealers another option in their showrooms, too. Additionally, flexdrive has a partnership […] [Read More]

SubPrime Auto Finance News put Brian Landau on the spot a bit after TransUnion released its latest auto-finance data. The senior vice president and automotive business leader pondered the question about which of these milestones might happen first. Will the market surpass 100 million outstanding vehicle leases and installment contracts, or will the average auto […] [Read More]

ALS Resolvion, a nationwide skip-trace and repossession management firm, has been selected as an honorable mention winner within Digital Defense’s 2018 Client Recognition Award Program, which recognizes organizations that display the highest level of network security. This accolade arrived soon after ALS Resolvion was named the recipient of Digital Recognition Network’s 2019 Platinum Provider of […] [Read More]

According to a news release distributed on Tuesday, Westlake Portfolio Management (WPM) has been selected as the third-party servicer by Total Finance for its $100 million automotive portfolio. The company highlighted approximately 84% of the $100 million portfolio at the time of acquisition came from active, non-delinquent accounts. WPM is handling full-operational support on the portfolio, […] [Read More]

Along with the likes of Ally Financial, Autotrader and Kelley Blue Book, those in the used-car and remarketing industry who follow NASCAR should see another familiar name on the tracks this season: Dent Wizard. The company, which provides vehicle conditioning services and protection products, has signed a multi-year partnership with Team Penske. During this season […] [Read More]

It’s spring, so that means a new crop of talented graduates have turned the page (and their tassels) and are about to enter the workforce. But how do you attract the best and brightest of these to work for your auto auction? That question is especially important amid recruiting challenges in the auction industry and as new […] [Read More]

With a service partnership between auto industry software provider MAX Digital and inventory consulting company Lotpop, MAX Digital says participating dealers can sell more cars and capture more gross through the use of its inventory management product along with Lotpop’s staffing and process guidance. MAX Digital says it provides a dataset for inventory management with millions of […] [Read More]

With the Ford Mustang, a college graduate can enjoy the use of a quick, sporty car before family life kicks in. The 2015 to 2019 model Mustang is one of 10 vehicles that Autotrader has named as the “best cars for recent college graduates in 2019.” Autotrader managing editor Tara Trompeter said in a news […] [Read More]

As leaders of many family-owned businesses, ServNet owners take a strong interest in their employees, says Greater Rockford Auto Auction owner Ryan Clark. “ServNet’s scholarship program is a great way for us to encourage the members of our auction families and to help lay the groundwork for the next generation that follows,” Clark said in […] [Read More]