Perhaps some dealers didn’t rest much last week, which included the Fourth of July. With the holiday in mind, Black Book experts weren’t surprised when they assembled the newest wholesale data for their latest installment of Market Insights. Black Book reported overall wholesale values dipped by 0.25%, but last week’s auction conversion rate ticked up […] [Read More]

For agents, 50 states can mean as many as 50 different sets of regulations to follow when repossessing vehicles. To help them handle those potential complexities, the American Recovery Association launched what it called a “groundbreaking” resource on Wednesday. Called the 50-State Solution, it’s a comprehensive digital resource that provides updates about repossession laws and […] [Read More]

Santander Consumer USA wants to help more dealers reach potential buyers who need financing to complete delivery, so the company launched Drive Together, a digital retail tool and expansion of Santander’s Drive offering. According to a news release, the enhancement provides pre-qualification resources to support a broad range of customer and dealer needs. Santander said […] [Read More]

Affordability is the top reason consumers are leasing vehicles. That assertion surfaced from a new Credit Union Leasing of America (CULA) survey of consumers at the beginning and at the end of their leases, with the majority saying they would lease again. The survey showed vehicle leasing’s shorter terms also played a role for these […] [Read More]

NETSOL Technologies tapped another former leader with a European automaker to help guide the provider of artificial intelligence-powered solutions and services enabling OEMs, dealerships and financial institutions to sell, finance and lease assets Appointed to the company’s board of directors effective July 1 was Ian Smith, who previously served as chief executive officer for BMW […] [Read More]

With Kacy Daugherty now serving as chief operating officer and additional new hires in place, FlexPath DXP is accelerating its market expansion with VeriQual, following a fully subscribed funding round. According to a news release, the funding round, backed by a franchised dealer group, will fuel go-to-market efforts for VeriQual, a patent-pending identity verification and […] [Read More]

The Federal Trade Commission basically said, “Game over,” in connection with what officials dubbed a credit-repair scheme called, “The Credit Game.” The FTC recently announced it is sending more than $3.5 million in refunds to consumers harmed by the operation. In 2022, the FTC sued the operators, Michael and Valerie Rando, and their companies, alleging […] [Read More]

A busy summer for F&I Sentinel continued Tuesday, as the provider of tech-enabled solutions associated with F&I products in automotive finance appointed Keishawn Batts as vice president of account management. The company said Batts, who F&I Sentinel described as a seasoned leader with a proven track record in the fintech and automotive industries, will be […] [Read More]

Car shoppers expect dealers to provide a seamless digital buying experience like the ones they get from Amazon and Apple, according to a new survey from artificial intelligence-powered customer data platform Fullpath. The survey of 1,000 Americans who have purchased or leased a vehicle within the past 24 months, conducted in collaboration with independent survey […] [Read More]

eSTART is about to start something new. The Electronic Secure Title and Registration Transformation Coalition announced it will host its first in-person event — the eSTART Modernization Forum — Sept. 22-24 at the Loews Kansas City Hotel, in partnership with the National Auto Auction Association’s World Remarketing Convention. The coalition said the eMF will bring […] [Read More]