This week, CU Direct appointed former AutoNation and TrueCar executive Ron Frey to serve as the company's chief strategy officer for automotive solutions. Frey begins his new position this month. Frey has spent 30 years serving the automotive and credit union industry, bringing innovative business and technological advancements to the industry. In his position with […] [Read More]

Especially in subprime auto financing, delivering documents such as adverse action notices often is a regular part of doing business for finance companies. To help with that mandated activity, CEDAR Document Technologies (CEDAR) — an online auto finance mobile loan servicing and multichannel document delivery provider — rolled out of a new service for finance […] [Read More]

Buy-here, pay-here operators who need recommendations on improving deal jacket compliance, securing more money from customers’ tax refunds and details of a significant accounting change — and who want all of this information for a discounted price — need to take action before the end of the week. The National Alliance of Buy-Here, Pay-Here Dealers […] [Read More]

In August, Amazon made two big footprints in the auto space that stirred talk and turned heads.   First was teaming up with Hyundai Motor America for a program that let car shoppers in certain Southern California areas set up test drives of the 2017 Hyundai Elantra through its Amazon Prime Now service. Later in […] [Read More]

Levy Grunwald didn’t know what to expect when he tried Honcker, a new app that lets people lease vehicles online. What he knew was that his last lease had expired, and between work and life, he just didn’t have time to visit a dealership. Still, could he trust the newly launched Honcker? “I develop apps […] [Read More]

National Automobile Dealers Association chairman Jeff Carlson went back to the media this week in an effort to sound another warning to Washington, D.C., about implementing policies that would inadvertently make buying, financing, trading-in, and servicing vehicles harder and more expensive for consumers. Carlson, in NADA’s annual policy speech to the Automotive Press Association in […] [Read More]

More and more people are looking for their next vehicle online. That’s changed the nature of brick-and-mortar shopping, with many buyers starting the process digitally and finishing it at the dealership. But a recent survey from Accenture revealed that shoppers are feeling a disconnect between their web and showroom experiences. Consumers in the U.S., China and […] [Read More]

On Wednesday, DealerSocket wrapped up its annual User Summit, which included the opening keynote by founder and chief executive officer Jonathan Ord, who addressed attendees and provided insight into the company's future vision, the introduction of the “Blackbird” technology platform and several other product innovations. “Blackbird is the result of DealerSocket’s vision, several years in […] [Read More]

Consolidated Asset Recovery Systems (CARS) — again the sponsor of this year’s Re3 Executive of the Year Award to be handed out at Used Car Week — is hosting a free one-hour webinar to dive deeper into the topic of legal options when repossession fails. In conjunction with Pamela Dotson, corporate counsel for LCS Financial […] [Read More]

Facebook originally built buy and sell Facebook groups to help people connect and hock what they had to sell. Now, Facebook built a standalone marketplace for those 450 million people who visit those groups every month. Facebook calls it a “convenient destination to discover, buy and sell items with people in your community." Facebook Marketplace […] [Read More]