Vendor Transparency Solutions (VTS), a leading compliance management system for the auto finance and recovery industries, now offers a comprehensive continuing education portal to its clients. The company insisted that it created the portal stemming from regulators requiring financial institutions and their service providers to conduct ongoing training for their employees to ensure knowledge of […] [Read More]

One of the companies making some waves in the used-car and certified pre-owned space these days is SiriusXM, so as part of our annual Power 300 issue of Auto Remarketing, we reached out to Joe Verbrugge, senior vice president and general manager of SiriusXM Auto Remarketing Division, to talk about the company's footprint in the pre-owned […] [Read More]

Even though S&P Dow Jones Indices and Experian just reported auto loan defaults still are near the all-time low, Digital Recognition Network is continuing to counsel finance companies about how its data can help not only during the recovery process, but also with mitigating risk during underwriting. DRN chief executive officer Chris Metaxas explained the […] [Read More]

Enterprise Holdings recently announced its regional subsidiary, the Enterprise Rent-A-Car Canada Company, has acquired Toronto-based Metavera Solutions Inc. Metavera, a provider of car sharing technology, works to provide transportation technologies to customers in over a dozen countries. The company was founded in 2000 and primarily offers a car sharing system for independent operators, as well […] [Read More]

Dealer-to-dealer auction system TradeRev announced it has reached an important milestone as well as what it is calling accelerated traction with dealers. The company has posted its 100,000th vehicle to the TradeRev system, president and co-founder Mark Endras shared, who was also honored as a member of Auto Remarketing Canada’s inaugural class of “Remarketing’s 40 […] [Read More]

Contrary to what happens most times when the S&P/Experian Consumer Credit Default Indices are updated, the auto loan component made a move upward on a sequential basis while the other four elements watched by S&P Dow Jones Indices and Experian either stayed flat or declined. However, analysts called the auto loan default uptick “scant” since it […] [Read More]

Safe-Guard Canada announced it is expanding its offerings with a new office outside Toronto, which opened its doors Monday. The company relocated to a new office in Mississauga, Ontario in an effort to better service clients such as Honda Financial Services, Mercedes-Benz Financial Services, Nissan Canada Extended Services Inc., Porsche Financial Services and North American […] [Read More]

AutoNation’s store count now is on track to surpass 250. The dealer group today announced that it has signed agreements to acquire 13 stores in Georgia, Alabama and Tennessee from Carl Gregory Enterprises and a trio of stores in the Baltimore market from Valley Motors Auto Group, representing over $600 million in combined annual revenue. […] [Read More]

Transparency. Education. Information. Repeat. Unless you’ve been living under a rock, it’s pretty clear that the Consumer Financial Protection Bureau expects consumers to receive these things from their financial service providers. Earlier this month, the CFPB once again demonstrated this when publishing a report on its “Know Before you Owe” electronic closing (eClosing) project that […] [Read More]

CDK Global hosted more than 200 of the best programmers, coders and graphic designers in Portland, Ore., during its recent Summer Hack-a-thon. Being CDK’s fourth Hack-a-thon event, CDK aimed to bring together associates and summer interns to invent new ways the company can leverage technology to benefit the company’s dealer clients. Over the course of five […] [Read More]