Along with forging a new strategic partnership with Spireon, software provider AutoStar Solutions highlighted details behind Fusion 2, a new generation of dealer management system (DMS) for buy-here, pay-here dealerships, independent stores and auto finance companies. The company highlighted Fusion 2, or F2, will eventually replace AutoStar’s current Fusion DMS. AutoStar insisted F2 is the […] [Read More]

BillingTree recently completed its examination in conformity with Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization for the period from May 1 of last year through April 30 of this year. The company said the examination was performed by an independent auditing firm. Completion of the SSAE […] [Read More]

This past Saturday was a silver one for Hyundai Capital America as the captive finance company that does business as Hyundai Motor Finance and Kia Motors Finance celebrated its 25th anniversary and a quarter century in Orange County, Calif. Originally formed as Hyundai Motor Finance Company in 1989, officials highlighted it was the fastest captive […] [Read More]

One of the marketing hooks that subprime finance companies of all sizes often use contains the pitch about how consistent payments can lead to steady reporting to credit bureaus and eventually the possible healing of the borrower’s profile. Hudson Cook partner Jean Noonan emphasized the recent enforcement action against First Investors Financial Services Group reinforces […] [Read More]

Hertz Global Holdings chairman and chief executive officer Mark Frissora has resigned from his position for personal reasons, the company said in a statement Monday morning.    Appointed by the company’s board of directors to serve as interim CEO is Brian MacDonald, the president and CEO of Hertz Equipment Rental Corp. Appointed as independent non-executive […] [Read More]

Dealers who advertise their vehicles on the popular auto classified site MonsterAuto.ca now have another way to make their store stand out. Mobials Inc. — a syndicated car dealer review program — announced a partnership with Monster Auto to integrate its ReviewMii car dealer reviews into the site. This news adds to an extensive list […] [Read More]

The thing about Millennials is, they can sniff out insincerity pretty easily. That’s why when it comes to the dealership experience — be it online, in reviews or at the store — a transparent and genuine approach is the best route. As the chief executive officer of DealerRater, Gary Tucker has his finger on the […] [Read More]

Reports speculating on the potential for a Tesla battery factory in Nevada started surfacing recently after Nevada Gov. Brian Sandoval took to Twitter to hint at a major announcement in the state’s economic development. And the news was confirmed by the automaker on Thursday: the Tesla “Gigafactory” is headed for the Silver State. When the state […] [Read More]

CarMax is planning to add more than 1,000 employees to their team. The company is currently recruiting for the positions in locations across the country, and indicates that most of the positions are in service operations, for roles such as detailers, experienced technicians and sales. There are also additional open positions in purchasing and the business […] [Read More]

Copart recently announced the top three winners of its first-ever Copart Rebuild Challenge, a contest designed for enthusiasts and auto rebuilders to show how they restored, customized or rebuilt a vehicle. Copart members from across the country submitted their rebuild projects for a chance to win the $10,000 grand prize. A panel of Copart judges […] [Read More]