BMW Group Financial Services has teamed with Cox Automotive on a remarketing solution that allows all dealers to source BMW and MINI vehicles before they cross the auction block. Powered by RMS Automotive’s web-based vehicle portfolio management solution, BMWGroupDirect.com is now accessible to independent and non-BMW franchised dealers — not just BMW franchised dealers. The site […] [Read More]

In order to make indirect auto financing seamless, CRIF Lending Solutions and Dealertrack are joining forces. CRIF Lending Solutions recently announced a partnership with Dealertrack, a Cox Automotive brand, to integrate its CRIF ACTion loan origination system with Dealertrack’s e-contracting software. The companies hope to improve both the efficiency of their software and the portfolio growth […] [Read More]

Experian Automotive is predicting there will have been 1.8 million off-lease vehicles hitting the market between April and the end of December. But what will those consumers driving those leased cars back to dealer lots do next? Perhaps not surprisingly, most will go new and most will lease again. In fact, among consumers with leases ending […] [Read More]

DealerSocket is gearing up for the upcoming National Independent Automobile Dealers Association Convention and Expo with a half dozen new product releases and enhancements through the end of the year. Dealers attending the event that runs from Monday through Thursday in Las Vegas can drop by Booth No. 1301 to see full demos of the […] [Read More]

AutoNation announced that is has signed an agreement to acquire Centennial Chrysler Jeep in Denver. This will be the company’s 18th Denver-area store, and its 30th FCA store. Last year, this store sold more than 3,000 new and used retail vehicles, with about $110 million in annual revenue. AutoNation owns and operates 367 new vehicle franchises nationwide. “We […] [Read More]

The four Overby siblings have math stars as bookends: My older sister, the former high school mathematics teacher; my younger brother, the civil engineer. Ten years of age separate those two, but part of what unites them is their sharp talents when it comes to numbers. That and math jokes. But the power of computing […] [Read More]

Momentum to modify how the Consumer Financial Protection Bureau is structured and operates gained more steam this week. Soon after the U.S. House Financial Services Committee chairman outlined his plan to revamp the Dodd-Frank Act and more, the House Appropriations Committee’s fiscal year 2017 Financial Services and General Government Appropriations bill passed out of the […] [Read More]

Mark Sargeant insisted banks and other capital providers are interested in the tool AUTOMAP Tracking Solutions offers: a product that can reduce the time it takes to complete an audit to minutes instead of days while mitigating risk. Here’s boiler plate of what AUTOMAP can do: A device is inserted into the on-board diagnostics (OBD) port […] [Read More]

Carfax on Friday announced that Mark Rousseau has joined the company as president of CarProof. Rousseau, who most recently was with LexisNexis, will oversee continued efforts to expand the scope of information reported to CarProof, to develop innovative products that unlock the full potential of vehicle history, and to grow awareness of the company’s ability […] [Read More]

On Friday, QuotePro joined with the National Independent Automobile Dealers Association as its latest National Member Benefit Partner, offering cash-accepting payment kiosks to the association’s growing buy-here, pay-here dealer base. QuotePro’s payment kiosks can eliminate the overhead and risks associated with handling cash payments, including the element of human error, safety concerns and scheduling challenges […] [Read More]