The challenging winter weather experienced in much of the dealership footprint held by Lithia Motors left its mark on the first-quarter performance the dealer group reported on Wednesday. Despite the Northeast getting especially pounded by snow and other elements preventing potential buyers coming to showrooms, Lithia managed a 4.2-percent improvement in used-vehicle retail sales during […] [Read More]

Ford, Nissan and Toyota brands have been recognized for delivering multiple models that carry the lowest fleet lifecycle cost. The three brands took home nearly half of the 2018 Vincentric Best Fleet Value in America awards this year, Vincentric announced Tuesday. This year, Ford earned a total of seven awards. In addition to the American […] [Read More]

Automotive finance has gone from a world of paper stacks and faxes to smartphones and apps. It’s also starting to become a lot more efficient, as players like SpringboardAuto aim to provide end-to-end car financing online. Hear what Jim Landy, founder and chief executive of SpringboardAuto, had to say about this auto fintech evolution in the […] [Read More]

automotiveMastermind announced Tuesday the promotion of Ronda Lewis, Scott McKenzie and Napoleon Rumteen, who now serve as company vice president of dealer relations, chief product officer and vice president of sales, respectively. Lewis has been promoted from automotiveMastermind general manager of dealer relations to serve as the company’s new vice president of dealer relations. In her […] [Read More]

Dealership service drives perhaps might become even busier — in a good way — stemming from another development involving Black Book. According to an announcement distributed on Wednesday, Black Book has partnered with Mobility Sales Solutions and its new Vin-Up solution for dealers and their service customers. Under the agreement, dealers are immediately alerted to […] [Read More]

One auction owner is putting compliance where her checkbook resides. According to a news release sent to Auto Remarketing on Tuesday, an investment group headed by Alexis Jacobs, owner of the Columbus Fair Auto Auction, has acquired ComplyNet, a 25-year-old compliance and risk management consultancy focused on dealers and auto auctions. The auction community and […] [Read More]

If auto finance companies want a sharper glimpse at just how good the collateral attached to the vehicle installment contract they are underwriting might be, new tools arriving this week from CCC Information Services and LexisNexis Risk Solutions might have some ancillary benefits. CCC announced the availability of Artificial Intelligence-powered capabilities that use computer vision […] [Read More]

Along with raising funds during the North American Repossession Summit (NARS) to support the Recovery Agents Benefit Fund (RABF), Digital Recognition Network (DRN) presented top providers and affiliate awards during last week’s events to honor organizations that have demonstrated excellence and leadership in the repossession industry. “We are proud to acknowledge these providers and affiliates […] [Read More]

MBSi Corp., and American Recovery Service (ARS) recently broadened their relationship. The repossession assignment software and vendor compliance solutions provider and national repossession services firm are expanding their partnership as ARS will soon begin outsourcing repossession assignments through MBSi’s repossession assignment platform, Recovery Connect. The companies indicated the first phase will involve assignments from their […] [Read More]

While phone calls remain an important tool for collectors and skip-tracers at auto finance companies, the Federal Trade Commission told the U.S. Senators last week that the agency “is using every tool at its disposal to fight” illegal robocalls. Appearing at a hearing hosted by the Senate Committee on Commerce, Science and Transportation, Lois Greisman, […] [Read More]