After launching itself as a recovery management and skip-tracing services provider back in March, Primeritus Financial Services acquired another industry player on Thursday — Renovo Services. Primeritus executive vice president of sales and marketing Joe Mappes said the company expects to provide further information about the new combined product portfolio and roadmap during the next […] [Read More]

Summer was just starting the last time Kelley Blue Book saw used-vehicle values dip as little as they did in September. Alec Gutierrez, KBB’s senior market analyst of automotive insights, said used values declined 1 percent in September, resulting in the mildest decline in more than three months. Kelley Blue Book expects values to continue […] [Read More]

Under an agreement announced Thursday, Carfax Vehicle History Reports will be provided in the Ford and Lincoln certified pre-owned programs beginning Jan. 1. Ford will provide a free Carfax report with each CPO Ford or Lincoln model sold, officials said. “Carfax proved to be one of the key enhancements Ford wants for its certified programs,” […] [Read More]

DealerTrack announced earlier this week that the company has been selected as the recommended DMS provider for Dealers United, a national purchasing network for privately owned dealers. As part of the agreement, officials said Dealers United will market DealerTrack DMS as the recommended DMS solution to its entire network of nearly 5,000 franchised and independent […] [Read More]

Along with an explanation of what it means to a proposed deal in Canada, Hertz Global Holdings announced Thursday that it agreed to extend the term of its timing agreement with the Federal Trade Commission in connection with its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty […] [Read More]

NASHVILLE, Tenn. — After launching itself as a recovery management and skip-tracing services provider back in March, Primeritus Financial Services acquired another industry player on Thursday — Renovo Services. Primeritus executive vice president of sales and marketing Joe Mappes said the company expects to provide further information about the new combined product portfolio and roadmap […] [Read More]

McLEAN, Va. — While documents filed with the Securities and Exchange Commission this week confirmed Capital One Auto Finance will have a new president as of Nov. 1, the company watched its auto loan originations soften during the third quarter. The company plans to appoint Sheldon "Trip" Hall to the president's role. Hall currently serves […] [Read More]

ATLANTA — Equifax contends that automotive lenders can now receive unprecedented levels of marketing intelligence to more effectively prescreen and target prospective consumers for pre-approved offers with its newest tool rolled out this week — True In-Market Propensity (TIP) Scores. The company called its TIP Scores an "industry-first tool" that can accurately identify borrowers. Equifax […] [Read More]

SANTA MONICA, Calif. — Edmunds.com said this week that dealer financing is back to pre-recession levels after bottoming out in 2009. Analysts contend a key driver of this resurgence is the revival of the subprime market, which accounted for a quarter of all new auto loans in the second quarter of 2012, up from a […] [Read More]

Prices in the Canadian wholesale market were sluggish last month, with monthly used-car value indices from both ADESA Canada and RVI Group declining. Starting with the ADESA Canada Used Vehicle Price Index report's data — powered by ALG — officials found that the index fell “substantially” on a month-over-month basis when seasonally adjusted, noting that […] [Read More]