Credit Union Leasing of America (CULA) recently filled an executive role in a move the company did not anticipate having to do a few months ago. The provider of indirect vehicle leasing for credit unions for more than 35 years announced the appointment of Chris Harper as director of business development, replacing Mark Chandler who […] [Read More]

Algebrik AI, which offers what the company believes is the first cloud-native, artificial intelligence-powered, digital-era loan origination platform (LOS), announced a strategic partnership with Auto Exam, a provider of vehicle service contracts, GAP insurance, and collateral protection products. The companies said this collaboration aims to revolutionize auto financing by integrating comprehensive protection solutions directly into […] [Read More]

Modives and Connexion Mobility announced a new partnership to introduce identity and insurance verification into the automotive industry. Starting with courtesy transportation, Connexion Mobility’s dealership customers can now redefine their courtesy fleet risk management in a space the services providers said is exposed to tough-to-manage losses and increased regulation. CheckMy Driver, the Modives patent-pending insurance […] [Read More]

The American Recovery Association published a new whitepaper on Wednesday, attempting to clarify what the organization called misclassifications by finance companies and third parties of what constitutes a repossession and what is simply a vehicle tow. ARA began the whitepaper by writing it “asserts that any vehicle secured prior to the full term of a […] [Read More]

Raymond Farabaugh, president of D-Patrick in Evansville, Ind., has been named 2025 TIME Dealer of the Year. The award, in its 56th year, is presented in partnership with Ally Financial and the National Automobile Dealers Association, recognizing the nation’s most successful dealers with a longstanding commitment to community service. Farabaugh was selected from 49 nominees […] [Read More]

Dave Cantin Group has made significant changes to its leadership team as part of an ambitious growth strategy in preparation for what it called “a milestone year” in 2025. The dealership merger and acquisition advisory firm has promoted Brian Traugott to chief of staff for president and CEO Dave Cantin and chief business and strategy […] [Read More]

Merchants Fleet has a new captain. The fleet management company has named Matt Dyer as its CEO, saying he brings decades of industry leadership and expertise to the role. “Matt is an exceptional leader with deep fleet expertise and a proven track record of driving transformative change,” interim co-CEO Brad Burgess said. “His bold vision, […] [Read More]

Retail used-car shoppers may want to strike while the iron’s hot. (And the metal is relatively inexpensive to move). Especially considering what could be on the horizon in the wholesale used-car market ... [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Julie Lawton, who is vice president of sales with ACERTUS. Lawton offered several suggestions for technology dealers need for operational excellence. Listen to the episode in the window below and stay tuned […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Aaron Hancock, who is the director of product management for automotive at LeadVenture. Hancock shared a variety of recommendations for dealerships to thrive as more processes and consumer preferences become digital. Listen […] [Read More]