Wise F&I, which offers an array of voluntary protection products including guaranteed asset protection (GAP), appearance care service contracts, tire and wheel protection, vehicle service contracts, theft deterrent systems, key replacement and other ancillary products, recently announced its products are now available through Darwin Automotive’s Prescriptive F&I Selling Software. The companies said this partnership can […] [Read More]

Mobile wholesale marketplace ACV Auctions has secured $15 million in venture funding in a Series B investment round led by Bessemer Venture Partners that the online auction platform will use to expand into additional markets. ACV secured $5 million in venture capital last year in a round led by Tribeca Venture Partners. It won the 43North […] [Read More]

This March, dealers across Canada are joining together in asking customers to take a pledge against driving distracted. Distracted driving is a dangerous and growing trend that is responsible for 4 million vehicle collisions a year in North America, according to data from CAA cited in an LGM Financial Services news release. The 2017 Auto […] [Read More]

Cox Automotive chief economist Tom Webb explained why February’s wholesale price data reinforced a possible market moniker — stability. Manheim reported on Tuesday that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) fell by 0.2 percent in February. However, Webb pointed out that given a sharp decline in pricing in February of last […] [Read More]

TrueCar named its executive vice president of OEM development on Tuesday, appointing longtime Edmunds and automaker exec Michael Darrow to the role. Darrow was most recently the chief sales officer at Edmunds, where he worked for more than 14 years in a variety of positions. In the new post with TrueCar, Darrow will head up new […] [Read More]

With a growing network of auctions and what it calls a reputation for making it easier to consign and sell vehicles at auction, AutoIMS has plans to deliver increased upgrades and modernization to its infrastructure this year, according to an outline released on Tuesday announcing the AutoIMS leadership team’s strategy for the year. AutoIMS has adopted a […] [Read More]

General Motors Financial recently launched two new floor plan program updates for participating dealers that the company thinks are “competitive differentiators in the industry.” GM Financial — which reported that it had 792 dealerships in North America leveraging its commercial offerings as of the close of 2016 — highlighted the two floor plan updates include: […] [Read More]

On Tuesday, F&I solution provider EFG Companies rolled out what it dubbed the Drive Forever Worry Free Lifetime Wrap, an enhancement to the company’s limited powertrain protection. EFG companies explained that the Drive Forever Lifetime Wrap is designed to help dealers close more deals at a higher gross with improved product pricing, expanded eligibility and […] [Read More]

TradeRev announced on Tuesday that New York state, Pennsylvania and Dallas auto dealers will now have access to its real-time car auction mobile app that allows dealer users to create a live appraisal auction at any time. “TradeRev creates a simplified, transparent, real-time automotive exchange for dealers, and we are thrilled to bring our technology […] [Read More]

Coinciding with the start of National Consumer Protection Week, both the Federal Trade Commission and New York attorney general Eric Schneiderman — one of the most active individual regulatory enforcers in the auto finance space — both released annual consumer compliant figures associated with their respective agencies. While complaints associated with auto financing made the […] [Read More]