The proliferation of smartphones and potential buyers seeking financing at places nowhere near dealerships are combining to drive more investment into mobile platforms. The latest development came on Wednesday as Santander Consumer USA announced that it will invest and work with AutoFi with the intention to streamline and simplify the vehicle-buying process for consumers, while […] [Read More]

It would seem automotive financing and retail activity is not immune to unscrupulous behavior, especially activity that originates online. Experian discovered six out of every 10 businesses are experiencing the same or more fraudulent losses online compared with a year ago. According to Experian’s "Global Fraud and Identity Report," analysts found that fraud trends and patterns […] [Read More]

Here’s another example of data and research leading directly to development of a solution aimed at smoothing out underwriting, which in turn helps finance companies book more paper and dealerships turn more metal. Dealer Marketing Services, the makers of ProMax, recently released what the company dubbed Multi-Bureau Solution for its dealer customers. ProMax explained the Multi-Bureau […] [Read More]

For the second time this month, LAUNCHER.SOLUTIONS has reached another strategic partnership. On Tuesday, LAUNCHER.SOLUTIONS, a technology provider specializing in subprime automotive finance originations, announced an integration with Dealertrack. The partnership allows finance companies using LAUNCHER to streamline the process of indirect auto financing with dealers on Dealertrack’s network. Launcher's appTRAKER Loan Origination System, uniquely […] [Read More]

Add another foreign OEM’s captive to the list of finance companies now available through AutoGravity. Nissan Motor Acceptance Corp. (NMAC) announced on Tuesday it is joining AutoGravity to help consumers looking to acquire Nissan with personalized retail and lease preapproval offers through digital credit shopping on their smartphones. Through this collaboration, OEM officials indicated consumers […] [Read More]

Black Book’s latest wholesale price data and anecdotes from the lanes offered vivid details about what’s happening when clean trucks and SUVs roll over the block. This week’s Black Book Market Insights report also indicated overall values are holding up well as the industry approaches the spring selling season. “Lower mileage trucks and SUVs continue […] [Read More]

Uber drivers now have flexible vehicle leasing options through Fair. That become official on Tuesday, with the companies announcing that Fair is purchasing the active lease portfolio of Xchange Leasing, an Uber subsidiary. Fair is acquiring the portfolio — which includes existing contracts and vehicles — with equity and debt secured in its recent round […] [Read More]

One forwarding company evidently is performing “The Toyota Way.” Millennium Capital and Recovery Corp. closed 2017 with a bang by earning the prestigious Kaizen Award from Toyota Financial Services (TFS). The Hudson, Ohio-based firm was recognized for its continuous innovation and pursuit of excellence in the recovery and skip-tracing spaces. The award was presented at […] [Read More]

With so much of its business activity connected to technology nowadays, AutoNation made a move to ensure its customers can easily connect with its dealerships, and employees can complete work via the solutions they need. Flexential, a hybrid IT infrastructure provider, announced the recent deployment of a high-density Disaster Recovery environment for AutoNation. The dealer […] [Read More]

The National Independent Automobile Dealers Association reminded operators about an important change from the Federal Trade Commission that went in effect this past Sunday. NIADA said dealers now are required to display the new version of the federally mandated buyers guide form on all used vehicles displayed for sale to consumers. Following a lengthy review […] [Read More]