Regional Acceptance Corp. (RAC) and Dealertrack Accelerated Title this week spelled out a pair of reasons why they’re now working together to create efficiencies in their payoff and title release process with dealers accepting vehicle in on trade. RAC, a finance company and a subsidiary of BB&T Corp. specializing in sub-prime automotive financing and prime-to-near-prime […] [Read More]

The auto-finance industry passed another milestone as Equifax determined current portfolios collectively now exceed $1.25 trillion. However, subprime paper isn’t pushing the industry-wide figure higher as much as volume within that segment did a year ago. To get to the $1.27 trillion overall figure reported as of May, Equifax indicated dealerships and finance companies generated […] [Read More]

Dealers working with Dominion Dealer Solutions’ Dealer Specialties no longer have to upload inventory to Facebook Marketplace manually. A new agreement with Facebook now allows dealers to list their inventory via an automated syndication feature. Dominion Dealers Solutions announced Wednesday that its Dealer Specialties portfolio company has entered an inventory syndication partnership with Facebook to enable dealers to automatically upload […] [Read More]

Lotlinx has added former Hewlett-Packard executive Julie Cavanna-Jerbic to its board of directors to advise company leaders on how to sustain growth and better understand customers. Cavanna-Jerbic, who spent nearly 30 years at HP as a business executive and program leader, has been chosen to counsel Lotlinx as it continues to name new leaders across […] [Read More]

The vehicle subscription market is still in its relative infancy, so perhaps it is appropriate that the segment has some eyeing the potential for massive growth and others with questions about its challenges.  But when it comes to weighing the pros and cos of subscriptions, Jennifer Reid of Equifax approaches it from the vantage point of, “Who’s the […] [Read More]

Ask people in the auto industry what they think of car subscriptions, and you’re likely to get a range of answers as diverse as … well … the subscription platforms themselves. Industry consultant Maryann Keller, for example, did not pull any punches when sharing her thoughts during a keynote address at the Automotive Intelligence Summit. […] [Read More]

Bernie Moreno Companies (BMC) is now among a growing list of companies now accepting Bitcoin as a form of payment. Car buyers who look forward to bringing their business to any BMC dealership can now use Bitcoin and other cryptocurrencies for vehicle purchases and service payments, the company announced on Tuesday. “Giving clients more options is […] [Read More]

DDI Technology has garnered the endorsement of the South Carolina Automobile Dealers Association (SCADA) for both its electronic vehicle registration (EVR) solution and new temporary tag program set to launch next year. The software and service solutions company announced Tuesday that it is now the approved EVR and temporary tag and vendor for SCADA. “The decision […] [Read More]

New vehicles from the 2018 and 2019 models are filling rows at franchised dealerships, but Autotrader spotted a half dozen financing offers that are making certified pre-owned vehicles stand tall at stores, too. This week, Autotrader compiled a list of what experts believe are the best CPO deals going in September, noting a mix of […] [Read More]

Experian recently determined that the average lease payment originated during the second quarter rose $19 year-over-year to $431. And consumers appear to have the credit profile to handle such a commitment since Swapalease.com reported that vehicle-lease credit application rates continued to improve in August. Site officials shared on Tuesday that their August approval rate came […] [Read More]