Exeter Finance is going public, joining providers such as Credit Acceptance and Consumer Portfolio Services as specialists in subprime auto finance that also sell public shares. The Texas-based company that began originations in April 2006 filed paperwork this week with the Securities and Exchange Commission for an initial public offering that Exeter hopes to generate […] [Read More]

New technology will provide an enhanced music experience for Lincoln drivers, including the ability to tap into more than 60 million songs and curated playlists at their fingertips. Lincoln owners with SYNC 3 with AppLink compatible vehicles and an iOS device can now access the TIDAL app via the in-car console. That is because of a new collaboration […] [Read More]

Now that its wholesale vehicle valuation for buyers and sellers known as Adjusted MMR is newly integrated with the AutoIMS inventory management platform, Manheim says the Adjusted MMR product is more widely available. The integration means commercial consignors using AutoIMS can use Adjusted MMR, which now accounts for a vehicle’s AutoGrade condition and exterior color, as well as mileage […] [Read More]

The American Bankruptcy Institute highlighted that total filings in 2018 represented a decrease for the ninth year in a row. According to data provided by Epiq Systems, total bankruptcy filings in 2018 dropped 2 percent year-over-year. Filings fell from 766,761 cases in 2017 to 755,182 filings in 2018. Officials indicated total consumer filings also decreased […] [Read More]

BillingTree named a new chief executive officer on Thursday. Coming aboard as the new leader of the supplier of financial technology and payment solutions is Christine Lee. The company indicated in a news release that former CEO Edgars Sturans will remain as a BillingTree board member. BillingTree highlighted Lee’s hiring comes at an opportune time […] [Read More]

One of the first honorees highlighted among Women in Auto Finance during Used Car Week 2018 — Jennifer Reid of Equifax — delved into an array of topics with Nick, including the subscription model as well as how companies in the auto-finance space are going to handle future technological challenges. Reid also shared some suggestions on […] [Read More]

Automotive Finance Corp. president Jim Money shared a conversation with Nick during Used Car Week 2018 to discuss trends involving dealership floor planning and other commercial lending that helps stores thrive. Money also touched on how actions by the Federal Reserve influence how both AFC and dealerships do business. The podcast discussion can be found below. Download […] [Read More]

Nick had the chance to share another conversation with Anil Goyal and Jared Kalfus from Black Book during Used Car Week 2018 for a discussion about how the company partners with a variety of other players in the automotive space for the benefit of auctions, dealers and finance companies. Goyal and Kalfus described the collaborative […] [Read More]

Vehicle connectivity. Bluetooth. GPS. One normally thinks of how these tools make our lives more convenient, or efficient. But what do they mean for auto dealers? Well, a new tool from RSR Global speaks to just this. Vehicle connectivity can do more than drive convenience; it can protect assets and assist dealers in the process. […] [Read More]

More in-market shoppers are using a digital retailing platform for connecting with participating dealers to help facilitate the car-buying transaction. AutoMotion, the automotive retail mobile app technology company that created the platform, announced Wednesday it added its 3,500th approved dealership. AutoMotion says its digital retailing platform offers car buyers a simple way to buy, lease, […] [Read More]