If you’re looking for some calm in the car business nowadays, perhaps the wholesale market is the place to go. Black Book experts used “stable” multiple times in their newest Market Insights released on Tuesday that showed wholesale depreciation “remained mild” last week.  Black Book reported values decreased 0.37% versus a pre-pandemic average of 0.54%. […] [Read More]

Purr founder and CEO Chris Schellenberger opened Used Car Week 2025 on the Live Stage presented by SYCN Auto Logistics. Schellenberger, whose unique business model offers a retail consignment platform for repossessed vehicles, discussed what the repo industry could be like this year in both the United States and Canada. His conference conversation with Cherokee […] [Read More]

Tracy Noonan Fred, a veteran of more than 30 years in the auto industry, has joined FordDirect as chief operating officer. Fred will work with Chris Thornton, who took over as CEO in November, in leading the joint venture between Ford Motor Company and its dealers in its mission to integrate digital strategy, data and […] [Read More]

Randy Kobat is the newest executive at Lotlinx, as the company on Wednesday appointed him as its chief commercial officer. Kobat comes to Lotlinx after most recently serving as president of Repair OnDemand, a division of Repairify backed by Kinderhook Industries. Lotlinx highlighted that Kobat brings decades of executive leadership experience across automotive software and […] [Read More]

Lease End, a platform designed for simplifying the vehicle lease buyout process, on Tuesday announced it reached profitability via record-breaking results for 2025, which included revenue growing by 60% year-over-year and 1,559% since 2021. The company said it helped more than 19,000 lessees unlock $108 million in equity and $73 million in savings during the […] [Read More]

Informativ, a provider of fraud prevention, compliance, credit, and payments technology for the automotive and consumer finance industries, on Tuesday announced that Dominic (Nick) Brignola has joined the company as chief financial officer. Most recently, Brignola was chief financial officer at Hallmark Health Care Solutions, a nationwide provider of technology for health systems and provider […] [Read More]

DriveCentric, a CRM provider for automotive dealerships, on Tuesday announced an enhanced integration with National Credit Center (NCC), an automotive credit and compliance platform. The expanded integration embeds key capabilities from NCC’s Complete Credit platform inside DriveCentric, giving dealerships complete visibility into credit applications, reports, and compliance details without leaving the CRM. The companies acknowledged […] [Read More]

As a dealer, you want to get paid accurately and completely, correct? Well, Dealer Pay and CrossCheck are now working together to make sure that happens through a strategic partnership designed to improve the way automotive retail businesses handle financial transactions. This collaboration combines Dealer Pay’s point-of-sale (POS) solutions with CrossCheck’s advanced check, ACH and […] [Read More]

Instead of booking subprime auto paper, Westlake Financial sold approximately $100 million of subprime auto loans in what it called a “landmark transaction.” Westlake on Tuesday announced the successful sale to HFC Acceptance that included what the companies dubbed a “first-of-its-kind structure” for both organizations and was completed at a 112% principal premium. According to […] [Read More]

One of the honorees among the 2023 Women in Collections and Recoveries has a new executive position. Allied Solutions posted on social media this week that Jessie Herdrich Irwin joined the company as its vice president of recovery operations. The company said Herdrich Irwin will lead the strategic and operational management of its recovery product […] [Read More]