GPS tracking solutions provider Skypatrol rolled out what it dubbed Remote Auto Payment for vehicle finance companies and buy-here, pay-here dealers through the Skypatrol mobile app. The company highlighted borrowers will now be able to pay on their vehicle installment contracts remotely using either online banking or with cash at local authorized retail stores.  Skypatrol […] [Read More]

Manheim North America announced Wednesday the appointment of a new senior vice president of client experience. Taking on the role effective March 1 is Doug Keim, who will be responsible for developing and executing initiatives designed to improve dealer and commercial client satisfaction and profitability. Keim will report to Janet Barnard, Manheim North America’s president. […] [Read More]

To borrow a term often used now that it’s election season, the soundbite version of what TransUnion discovered about auto delinquencies might sound ominous. TransUnion determined 2015 closed with the high fourth-quarter delinquency rate since 2010. But instead of frothing like an overzealous campaign staffer, Jason Laky, senior vice president and TransUnion’s auto and consumer […] [Read More]

Black Book vice president of lender solutions Barrett Teague recollected leasing activities back in the early 1990s; a span when subprime leasing as well as contracts stretching as long as 60 months made their way into finance company portfolios. Teague pointed out that recessionary conditions prompted consolidation and some elimination of that leasing activity. But […] [Read More]

Clarity Services’ research division, nonPrime101, published a new report this week based on a unique five-year data set of more than 100 million payday loans representing 20 percent of the storefront payday market. Because of the unique size and duration of the data set, nonPrime101 set out to replicate statistical analyses used by the Consumer […] [Read More]

TradeRev recently announced that it has raised a total of $5,306 for the Toronto-based Red Door Family Shelter. The funds were raised during a TradeRev employee dinner, where the company collected donations via silent auction. All proceeds went to the Red Door Family Shelter, a charity which provides services for families and persons needing a […] [Read More]

LotVantage recently announced that it has finalized an agreement with eBay Motors to become one of the latter’s Preferred Solutions Providers. According to the company, doing so extends the reaches of LotVantage’s fully integrated software solution for the automotive, powersports, marine, RV, commercial truck, trailer and outdoor power equipment industries. “LotVantage has been a leader […] [Read More]

While the activity might remain stable once the vehicle enters the wholesale market, Manheim expects repossession volume to climb “modestly” this year based on one simple reason. There are more outstanding vehicle installment contracts in finance company portfolios nowadays. Cox Automotive chief economist Tom Webb insisted “it will take some time” for the industry to […] [Read More]

Prices in the lanes are holding stable as dealers buy up inventory in preparation for tax refunds to start pouring into potential customers’ bank accounts. Price depreciation at auction last week was very slight, according to the latest Black Book Market Insights report. Car prices dropped by just 0.19 percent or $19, according to Black […] [Read More]

Dominion Dealer Solutions announced the integration of its Dominion ACCESS dealer management system with General Motors’ MyPriceLink. According to Dominion, ACCESS is the first automotive DMS to integrate with MyPriceLink, the latter which provides GM’s real-time retail and trade pricing for collision parts to its dealers in lieu of fixed list prices. All GM dealers […] [Read More]