Xtime announced Wednesday it has integrated its Xtime Engage product with Vantiv Integrated Paymen. This will provide dealerships with a payment process that allows customers to easily submit payments online or via tablets. In addition to giving Xtime users access to menus, pricing and service history, dealers can now accept a wide range of payment […] [Read More]

Millennials — those individuals born between 1980 and 1994 — currently represent 25 percent of the total buying power in the U.S., according to a recent study by TransUnion. They also control a large chunk of liquid assets, an amount that is forecast to grow to $7 trillion by 2020. By 2025, they are expected to […] [Read More]

With apologies to Elon Musk, Google’s self-driving car initiative and even the rumored Apple car, Silicon Valley isn’t going to outperform Ford, GM, or Toyota on the assembly line. Mass producing cars just isn’t a core competency of Silicon Valley. What Silicon Valley excels at is disrupting analog distribution models and replacing them with streamlined digital […] [Read More]

Make it six months in a row that the Manheim Used Vehicle Value Index has set a new record high. Cox Automotive reported this week that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 1.02 percent month-over-month in October. This rise pushed the index reading to 136.3, which was a record high for […] [Read More]

Donlen has added new telematics functionality to its DonlenDrive mobile app mobile app that provides fleet drivers with access to important vehicle documents and notifications. DonlenDrive is now integrated with DriverPoint Telematics, which gives fleet drivers access to daily driving and vehicle health data received from telematics devices. Prior to the added functionality delivered via […] [Read More]

Some individuals find riding motorcycles exhilarating, especially as they gain more experience with the machines. But just like with vehicles, sometimes these individuals do not keep up with their financial responsibilities mandated in a contract, triggering a repossession. As an executive who has spearheaded growth of powersports leasing as well as streamlining processes for when […] [Read More]

Coinciding with the finance company’s enhanced relationship with Carvana, Ally Financial on Wednesday announced that Dinesh Chopra has joined the company as its new chief strategy officer. In his newly created role Chopra will lead Ally’s corporate strategy team, helping to foster its growth and evolution as a leading digital financial services provider and define […] [Read More]

The Federal Trade Commission flexed its regulatory muscle again this week. Officials said a southern California-based dealership group will pay $1.4 million to settle FTC charges that it violated a 2014 administrative order prohibiting the company from misrepresenting how much consumers could pay to finance or lease a vehicle. The proposed court order resolving the […] [Read More]

For the fourth consecutive year, Enterprise ranks highest in overall customer satisfaction in the J.D. Power North America Rental Car Satisfaction Study released Wednesday. Enterprise has a score of 851 followed by National, Alamo and Hertz, with scores of 846, 828 and 822 respectively. Despite increased airport passenger congestion and construction at airports, overall consumer […] [Read More]

Warren Clauss knows first-hand that auction industry jobs can lead to dynamic careers. The former certified public accountant snagged the controller job at the Auto Dealers Exchange Buffalo, in Akron, N.Y. — then owned by ADESA founder Mike Hockett, who went on to found Auction Broadcasting Co. — when the site opened in 1992. Two […] [Read More]