BHPH United, which is comprised of six service providers that organize an annual conference and other training opportunities for buy-here, pay-here dealerships, announced members of its 2027 Dealer Advisory Board. The group includes: —Travis Allison of Vamos Auto in Arlington, Texas —Ryan Miller of AutoNow in Olathe, Kan. —Matt Koury of Gene Koury Auto Sales […] [Read More]

Perhaps this data point shared by TransUnion on Thursday epitomizes how much used-car financing has changed during the past five years. In the auto-finance segment of TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR), analysts indicated that just 8% of used-car financing originations in the second quarter of 2021 were booked with a loan-to-value ratio […] [Read More]

CarDoor has launched a consumer car-selling platform, MarketCheck, where a consumer can post their car for sale to hundreds of dealers and receive offers in real time. Once an offer is delivered and the consumer accepts, CarDoor handles paperwork, arranges vehicle pickup/dropoff and provides payment to the consumer. Meanwhile, the company’s CarDoorX platform provides an […] [Read More]

Sonic Automotive posted an all-time quarterly gross profit record in the second quarter, thanks largely to gains in the retailer’s diversified operating segments. That includes its EchoPark Automotive used-car stores, where revenues climbed 15% year-over-year and total gross profits reached a Q2 record. And in the fourth quarter, Sonic anticipates EchoPark’s expansion will resume. Overall, […] [Read More]

Last month, FM Capital completed a follow-on, secondary share purchase six months after first investing in Impel because, “When we first invested in Impel, we believed they were one of the companies best positioned to lead the next phase of automotive AI.” On Tuesday, FM Capital used similar reasoning and made a strategic investment in DLRdmv, […] [Read More]

While watching depreciation come in at twice the average rate analysts saw during the same week before the pandemic, Black Book also identified three vehicle characteristics that are prompting buyers most as the calendar rolled from July to August. According to the newest installment of Market Insights released on Tuesday, Black Book reported wholesale values […] [Read More]

The technology committee of the American Recovery Association warned repossession agents about how easily an operation can be impacted by phishing email and the collateral damage security breaches can cause. ARA also gave six recommendations for best practices to avoid the problems because, “modern phishing emails are no longer filled with obvious spelling mistakes. Many […] [Read More]

Go to some places on social media and you might find posts conveying that the vehicle-transportation industry is in complete shambles because of fraud activity. Whether merited or overblown online hollering, Cox Automotive is looking to shore up its transportation endeavors by launching a pilot of Secure Vehicle Transfer. Cox Automotive said it’s a new […] [Read More]

Just like the automaker touts its vehicles as being more than capable of allowing drivers to carve their own path to adventures, Subaru is starting new financing journeys in both the United States and Canada. Subaru Corp., Subaru of America and Subaru Canada made similar announcements on Wednesday, saying they will enter the captive finance […] [Read More]

Automotive professionals seeking specific training connected with the modernization of loan payoffs, lien releases and title transparency workflows now have another option. Last week, the National Loan Payoff Clearinghouse (NLPC), powered by EPIC, announced that RockED has been named the official industry certification partner for the NLPC, creating a formal education and certification program. Officials […] [Read More]