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]

Two more Hudson Cook partners are receiving accolades for their depth of knowledge and performance within consumer finance law. Hudson Cook partners Lucy Morris and Ryan Stinneford have been elected as Fellows of the American College of Consumer Financial Services Lawyers (ACCFSL). Membership in the ACCFSL is limited to those attorneys who have achieved preeminence […] [Read More]

Group 1 Automotive announced this week it has expanded its business presence in El Paso, Texas with the acquisition of new Audi and Subaru stores. And in other news to stem from top dealer groups, Penske Automotive Group’s board of directors has also reported it approved an increase in the cash dividend to $0.34 per share […] [Read More]

CarLotz has expanded beyond the borders of Virginia and North Carolina with the opening its first location in Florida on Monday. The Tampa store is the sixth location for the Richmond, Va.-based used-vehicle consignment business, which launched in 2011 and expanded from the Virginia capital city to Chesapeake, Va; Midlothian, Va.; Greensboro, N.C.; and Charlotte, N.C.. […] [Read More]