Not long after launching its lending and leasing as a service (LLaaS) product powered by Oracle, technology services and consulting company DecisivEdge articulated what the firm believes are the six “must haves” when auto finance providers are considering loan origination software (LOS). DecisivEdge senior vice president of business optimization Andrew MacDowell used automotive imagery when explaining […] [Read More]

Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, recently announced first-quarter growth figures, revealing increasing momentum in new customer signings. Since January, AFG reported that it has signed four new credit unions to the AFG Balloon Lending Program. That group includes: —Torrington Municipal […] [Read More]

Automotive Personnel chief executive officer Don Jasensky acknowledged one of the most difficult challenges during the candidate-evaluation process is to determine whether the individual seeking the position at your firm actually can handle all of the demands and responsibilities asked of the post. Harkening back on nearly three decades of experience, Jasensky arrived at five […] [Read More]

Since retiring for the second time from Exeter Finance, Mark Floyd certainly doesn’t appear to be reducing his industry involvement much. DIMONT, one of the largest providers of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto lending industries, on Monday announced that Floyd has joined the firm as a […] [Read More]

TransUnion discovered that maintaining payments on that vehicle installment contract no longer is the top priority when the holder hits a rough financial patch and has to adjust to being short on monthly income. When faced with the choice of which debts to pay and which to miss, the latest TransUnion study found that consumers […] [Read More]

A little more than two months following the passing of co-founder and chief executive officer Stan Schwarz, PassTime on Monday announced it has named Jeffrey “Jake” Frank as chairman and CEO of the GPS device company. Additionally, the company has appointed Chris Macheca as president in addition to remaining as the company’s chief operating officer.  […] [Read More]

Car dealerships don’t appear in any imminent danger of joining the brick-and-mortar retail graveyard haunted by the fates of big-box stores in other industries, many of whom were usurped by the likes of Amazon and Netflix and their own failures to adapt to customer demand. In the case of dealers, says David Kain, “I think […] [Read More]

Cars.com recently announced that it has appointed Jennifer Newman to serve as the site's new editor-in-chief. Newman, who has been with the site for nine years serving in various roles on the editorial team, transitions from her role as Cars.com managing editor, according to the site. "As an automotive industry veteran and long-time journalist, Jennifer is […] [Read More]

Not long into the life of Roadster, the San Francisco-based company made a pivot. It began as an online vehicle concierge service with more of a consumer-facing mindset, explains chief executive Andy Moss. The inventory sold came from dealerships, but Roadster was still “shielding” consumers from going through the traditional dealership sales process, Moss said. […] [Read More]

You can expect the international used-car market to show some nice growth over the next handful of years, according to two reports released in the past week. Technavio, a global tech research and advisory firm, forecasts a 128.42 million-unit global used-car market by 2021. That would represent a compound annual growth rate of more than […] [Read More]