Kijiji Canada recently announced that it has appointed Darryl Hilton to serve as the national head of automotive sales. Hilton brings 20 years of experience from both the supplier and retail sides of the automotive industry, and he has also specialized in the management of pre-owned programs, the company said. Most recently, he served as national […] [Read More]

While some auto finance companies are backing off their originations in the subprime space as TransUnion articulated earlier this week, Black Book is arming managers and underwriting departments with new analysis for institutions still looking to add paper developing in lower credit tiers. Black Book announced late on Wednesday that the firm released a new […] [Read More]

Along with more discussion about how holiday marketing campaigns impact search activity, Swapalease.com released its quarterly lease trends report examining data from the fourth quarter of 2017. To go with brand trends, site analysts also determined the No. 1 reason why consumers want to change their vehicle lease situation remained the same as each of […] [Read More]

RumbleOn, an e-commerce platform where both consumers and dealers can buy, sell, trade and finance pre-owned motorcycles and other powersport vehicles, announced Wednesday that it has closed on a secured floorplan line of credit for up to $25 million with Ally Bank. The company said the new credit line will be used to acquire pre-owned […] [Read More]

For this episode — our 50th — Nick takes a trip to the “back office” with Anne Holtzman, who is the senior vice president of claim and recovery at Allied Solutions. While Hurricanes Harvey and Irma happened several months ago, some auto finance companies — especially with collateral impacted by the storms — could not begin […] [Read More]

Just five years after selling its first used vehicle in Atlanta, Carvana has added an additional vehicle pickup option to complement its Car Vending Machines.  Carvana is now also offering vehicle pickup via Carvana Curbside, the company’s new smaller format purchase fulfillment concept. Following the success of an early iteration in Atlanta, the company announced Wednesday […] [Read More]

In this episode, Joe talks with Rod Buscher, founder and chief executive officer of Blinker, a peer-to-peer online auto app that allows consumers to use their smartphones to buy, list and finance vehicles. Buscher was also a founder of the John Elway Dealerships, where he worked in partnership with the Denver Broncos legend before the […] [Read More]

Kelley Blue Book has introduced the CPO Price Advisor, which is a new source for certified pre-owned vehicle pricing that has been added to its Price Advisor product suite. CPO Price Advisor pricing information is based on recent certified vehicle sales transactions and is adjusted for local market conditions and seasonal trends. The KBB CPO […] [Read More]

This week, both General Motors Financial and Nicholas Financial disclosed changes regarding the executives serving as chief financial officers. While Nicholas Financial also highlighted how its plans to enhance originations, a filing with the Securities and Exchange Commission showed GM Financial reported that Chris Choate will retire as CFO effective on April 2. The automaker’s […] [Read More]

Both LAUNCHER.SOLUTIONS and F&I Express each enhanced their offerings for dealerships and finance companies by adding more industry partners. LAUNCHER.SOLUTIONS, a technology provider specializing in subprime auto finance originations, recently announced that it has added Kelley Blue Book to its list of data providers to offer vehicle trade-in values to finance companies using Launcher’s appTRAKER […] [Read More]