RouteOne in collaboration with Santander Consumer USA and Chrysler Capital is launching full eContracting capabilities available to all dealers who use either of these two auto financing providers. The solution can provide complete retail and lease contract validation, signature and distribution – all done electronically. It is supported by open integrations to leading DMS providers […] [Read More]

EFG Companies, together with Northwood University, announced the selection of Team Quantum Integration as the winner of the first annual F&I Innovator of the Year Award competition and recipient of $25,000. Quantum Integration team members applied consumer research, industry and mentor input and millennial sensibilities to create their unique F&I product, Watchdog, which can take […] [Read More]

The National Independent Automobile Dealers Association became an even bigger organization on Friday as NIADA announced it has acquired the assets and operations of Sarasota, Fla.-based Leedom & Associates. Officials highlighted the transaction — which was concluded Monday — transfers ownership of all Leedom 20 Groups, seminars, workshops, boot camps and consulting, as well as […] [Read More]

Hitching a ride to the airport. Securing a designated driver for the holiday party. Getting from one meeting to the next while you’re at that business conference in Chicago. The ways in which people use Uber are quite varied. But perhaps as equally as diverse is the auto industry’s involvement with the car-hire service. Everyone […] [Read More]

My first job after graduating college 10 way-too-short years ago was as a sports reporter for an afternoon newspaper in Brunswick, Ga. Not long into my tenure, The Brunswick News (#SpecialShoutout to Coastal Georgia!) switched to a morning paper format. Each distribution time had its merits. With an afternoon paper, you might get to throw […] [Read More]

Buy-here, pay-here operators who report their customers’ successful payments to a credit bureau should take note. Allegedly not completing the process correctly according to the Consumer Financial Protection Bureau cost BHPH chain CarHop more than $6 million in penalties. On Thursday, the CFPB said it’s taking action against CarHop, one of the country’s biggest buy-here, […] [Read More]

FactorTrust released its latest Underbanked Index this week, showing insight into significant shifts in income, employment and default rate trends over a three-year period within this specific group of consumers. The Index, which provides a range of data points including demographic, loan behavior, seasonal effects and others, helps shed light on underbanked consumers and highlights […] [Read More]

AutoCanada said this week its latest offering of common shares earned the company $75 million, a sum  the dealer group says it will use to cut down on debt under its revolving credit facility. AutoCanada had previously announced it issues 2,950,000 common shares at a price of $25.50 per share. “The company will use the net […] [Read More]

A brand new conference focusing on diversity in the Canadian automotive industry is headed to Toronto this spring. Cherokee Media Group — who also hosts the Auto Remarketing Canada Conference — will be launching a new event, titled, “Women & Automotive.” The day-long conference, designed for men and women and scheduled for April 6 at […] [Read More]

CarStory released its monthly Used Vehicle Deal Alert on Wednesday, highlighting the best deals it’s seeing for its customers across the country. On the reverse side, however, is something particularly useful for dealers: the top five most popular used vehicles searched for on CarStory's site. Here’s the list, based on online searches by make and model, according to CarStory: CarStory's […] [Read More]