FactorTrust vice president of auto finance Scott Brackin viewed the move made by Carvana to launch a prequalification financing program as more than just a lever the online auto retailer is pulling to turn used vehicles. What piqued Brackin’s interest is how Carvana has rolled out this program by providing customers personalized financing terms without […] [Read More]

Prior to joining online vehicle marketplace Beepi late last month as its chief financial officer, David Faugno had spent the previous decade as CFO of Barracuda Networks. He had joined the IT security company in its early stages, similar to where Beepi is now. Faugno’s tenure with the company included significant growth and more than […] [Read More]

BW Dealership Advisors — a Brady Ware-affiliated retail automotive consulting firm dedicated to offering consulting, fraud mitigation, accounting and tax services — announced this week that it has expanded its services to help dealers attract and engage clients online. The new digital capabilities will be led by Nick Brunotte, who joined the firm as senior […] [Read More]

Grab your smartphone, tablet or camera. DealerPeople is inviting all salespeople to shoot a short video showing their best walk-around for a chance to win up to $1,000. Through Dec. 31, salespeople can upload their walk-around videos, and DealerPeople will select the best three winners in early January. First place will receive $1,000, second place […] [Read More]

AutoAlert announced this week it has acquired The Ready Group, LLC, and its subsidiary, DirectAlert. And now AutoAlert is introducing One-to-One Intelligent Marketing, a data-driven, customer-communication solution that will offer dealers a 360-degree view of their existing customers. Experts at AutoAlert have developed a big-data platform that identifies customer ownership and lifecycle milestones, providing dealers […] [Read More]

Roadster said Wednesday it is now providing dealers with an in-store app extension of its Express Storefront ecommerce platform it launched this summer. The company announced in late June that it was making its e-commerce services available to dealers as a white-labeled solution, called Express Storefront, that lets them put the entire car-buying process online, […] [Read More]

In an effort to bolster the collections industry, the ACA International board of directors recently adopted a revised version of the ACA Code of Conduct that applies to all association members. Officials explained ACA’s longstanding code has provided its members a firm foundation for industry engagement. The organization indicated the newly revised code is designed […] [Read More]

Consumer Portfolio Services chairman and chief executive officer Brad Bradley acknowledged that he thought the company would operate like other subprime auto finance providers during the third quarter — tightening up underwriting and not booking as much paper. Turns out that according to Bradley, CPS modified its origination pace during Q3, but the rest of […] [Read More]

This week, FactorTrust finalized the integration of its database with risk analytics and decision solutions provider Provenir in an effort to offer Provenir’s clients exposure to a greater pool of creditworthy borrowers. “Combining FactorTrust’s ability to accurately mine and score underbanked consumers with Provenir’s automated end-to-end risk analytics and decisioning platform provides lenders with an […] [Read More]

Car owners aren’t just craving connectivity. They want their in-vehicle technology to function like — or "mirror" — their smartphones. According to the J.D. Power 2016 Smartphone Automotive Mirroring Report released Tuesday, that wish is moving closer to reality. This news comes on the heels of a recently announced partnership between Cox Automotive and cloud […] [Read More]