After participating in this year’s National BHPH Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers, technology provider DealerSocket is continuing to hit the trade show circuit with its comprehensive independent dealer platform. The company said its team has been hard at work rebuilding its technology solutions to ultimately produce a fully integrated, seamless […] [Read More]

Coming on the heels of the U.S. House of Representatives passing H.R. 10, the Financial CHOICE Act, in an effort to modify the Consumer Financial Protection Bureau among other objectives, the U.S. Department of the Treasury late on Monday issued its first in a series of reports to President Trump examining the U.S. financial regulatory system […] [Read More]

S&P Global Ratings reported that collateral performance in the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors was mixed in April relative to March. Analysts indicated that while losses and recoveries continued to show seasonal improvement on a month-over-month basis, delinquencies rose. According to a report published by S&P Global Ratings, the prime […] [Read More]

Black Book is now powering the online vehicle valuations of the MyDealerOnline platform, the former announced Monday. For those not familiar with MyDealerOnline, its software lets dealers take wholesale vehicles and places them on the dealership websites. The end result is that consumers can then buy those cars from dealers. The platform, described as a […] [Read More]

Dominion Dealer Solutions’ CRM and lead management systems, Autobase and Web ControlTM, are now both premium CRM products for General Motors. As part of GM’s Dealer Technology Assistance Program (DTAP), Dominion has agreed to complete integration to all available GM DTAP Data service integrations by the end of Q4.  Through DTAP, GM makes its data […] [Read More]

Auto/Mate Dealership Systems's DMS is now fully integrated with automotive CRM and BDC solutions provider DealerMine. DealerMine is a 360-degree automotive CRM solution designed to advance revenue in both the sales and service departments. The solution’s CRM can handle prospecting, lead management, desking and campaigns for sales departments and help drive traffic and maximize dealer’s […] [Read More]

The speculation that dealership showrooms and finance company underwriting offices would become desolate because consumers simply would abandon vehicle purchasing for alternative transportation options such as Uber and Lyft appears to be a little bit premature. Experts from Strategy Analytics acknowledged that OEMs are rightfully concerned about the impact the increased usage of these options […] [Read More]

Helion Automotive Technologies has a new data security warning for auto dealerships because in recent weeks spear phishing hackers have been busy planting malware inside of social media posts designed to lure employees of organizations to click on the post. Dealership employees are ideal targets for spear phishers looking to grab Personally Identifiable Information (PII) and bank account […] [Read More]

White Clarke Group recently announced the appointment of David Slider as the new group executive vice president. With more than 30 years of leadership in the auto finance industry, Slider joins the White Clarke Group leadership team to champion global client development, execute strategic acquisitions and partnerships, and solidify the company’s global expansion into target […] [Read More]

FactorTrust recently finalized an innovative partnership with GOLDPoint Systems to integrate alternative credit data and scores into the online finance company’s originating, servicing and reporting processes, thereby enabling GOLDPoint’s lending clients to get a complete overview of creditworthy borrowers. GOLDPoint Systems is a loan origination and servicing system that can enable lenders to fund loans […] [Read More]