Auto Link, a fintech and marketing company serving more than 200 financial institutions, signed eight new credit unions during the fourth quarter to use its auto search and marketing solution. The credit unions now using the white-labeled tool to compete with larger banks and finance companies include: —Community One Credit Union of Ohio based in […] [Read More]

Solutions by Text (SBT), an enterprise messaging and payments platform for consumer finance businesses, recently finalized a partnership with Prodigal, which offers artificial intelligence-powered consumer finance intelligence. At a time when businesses are increasingly recognizing the importance of leveraging data for strategic decision-making, the companies highlighted this collaboration makes Prodigal’s ability to deliver real-time information […] [Read More]

On Tuesday, OfferLogix announced a strategic partnership with Fullpath to upgrade the vehicle search process for consumers with an eye toward what many shoppers consider to be most important — their potential monthly payment. This collaboration aims to elevate Fullpath’s customer data platform (CDP) by integrating a robust artificial intelligence equity mining engine with OfferLogix’s […] [Read More]

Service Credit Union and Mountain America Credit Union both recently highlighted philanthropic efforts to push benefiting organizations toward fund-raising goals surpassing $500,000. Beginning first in Portsmouth, N.H., Service Credit Union has teamed up with Charlie McAvoy, a star defenseman who wears No. 73 on his hockey uniform for the Boston Bruins. They’re now working together […] [Read More]

A young dealer has her name on a dealership for the first time. Kate Faupel Grealish, who grew up in the car business as the daughter of dealer Ron Faupel and began working in his dealership at age 15, is now the proud owner of Kate Faupel Ford in Henderson, Ky. — not far from […] [Read More]

Southern Auto Finance Co. (SAFCO) is adding some international support to its operation that focuses on the subprime auto finance market. Last week, SAFCO announced that Colombia-based Finanzauto has acquired a minority equity stake in the company. SAFCO said this strategic move “aligns perfectly” with the company’s vision of broadening its portfolio and accelerating growth […] [Read More]

Ivan Drury says the retail used electric vehicle market has long been a topic of interest, and one reason for that has been the limited supply of “legitimate contenders,” he said. “For so long, it was Tesla or compliance car, and that was it,” said Drury, who is director of insights for online car shopping guide Edmunds. Drury described a compliance car by saying some automakers would remove the motor from one of their mainstream offerings, like the Fit for Honda, and place a battery in the car to get EV tax credits. But when asked about the state of the used electric vehicle market in retail, Drury and other industry representatives said more viable non-Tesla vehicles are ... [Read More]

Jennifer Hurley, finance director for the Royal Auto Group in Tucson, Ariz., said she entered the automotive industry as a “bit of a fluke.” After college, Hurley — who was planning to apply to law school — joined the dealership world as a receptionist at Royal Kia.  Then the finance director approached her about a […] [Read More]

Wholesale vehicle volumes hit a low point in 2022 but are estimated to have climbed more than 14% last year and are expected to modest growth in 2024, with gains expected for at least the next five years. Still, wholesale volumes are not likely to reach pre-pandemic levels anytime soon. That’s according to data in the “Industry Insights” webcast earlier this month from Cox Automotive, which shows that dealer volumes at auction continue to ... [Read More]

Two of the used-car industry’s heavy hitters have teamed up to make more information available to dealers and consumers. Dealership software provider Reynolds and Reynolds and CARFAX announced a collaboration to simplify dealerships’ integration with CARFAX. Through the Reynolds Certified Interface program, dealerships that opt into CARFAX Car Care will have service records automatically added […] [Read More]