Resolvion, a provider of national repossession management, skip-tracing, remarketing, license plate recognition, and heavy equipment and specialty recovery, announced on Monday a partnership with AKUVO. As an integrated repossession service provider, the partnership will provide Resolvion the opportunity to serve AKUVO customers more efficiently through Aperture, its collections and portfolio analytics platform. “We are honored […] [Read More]

Audi Thornhill’s new-vehicle sales and service facility located at 7064 Yonge Street has opened, leaving the store’s temporary facility open for certified pre-owned to sweep in. The temporary Audi Thornhill new dealership location at 7079 Yonge Street has been transformed into an Audi Certified :plus pre-owned sales facility. The CPO facility will complement the new-vehicle […] [Read More]

Del Grande Dealer Group has partnered with Hyundai Hope On Wheels, a nonprofit organization dedicated to helping kids fight cancer, to present its annual research and programmatic grants to Lucile Packard Children’s Hospital in Palo Alto, Calif. DGDG, which bills itself as Northern California’s largest family-owned automotive group, operates 19 dealerships in the region with […] [Read More]

Car Wars, a provider of call-tracking and phone-handling systems for the auto industry, has announced an integration with DriveCentric’s customer relationship management software to handle text messages. The collaboration, the company said, uses the advanced capabilities of both Car Wars and DriveCentric to “redefine customer engagement and dealership efficiency.” The texting integration between Car Wars […] [Read More]

Crédito Real USA Finance gained new ownership in April. This week, the finance company that specializes in the Hispanic segment got a new brand name. The operation launched its new brand as FinBe USA, what executives explained as representing “a significant milestone in our journey as a leading force in the auto finance market.” The […] [Read More]

New technology holds radical possibilities for the automotive industry at every level of the sales funnel. Artificial intelligence (AI) is already being used for enhancing promotional images, creating videos, and providing other helpful additions to marketing. AI for merchandising is not the only way this innovative new technology is shifting the auto remarketing industry, however. […] [Read More]

By overwhelming majorities, members of the Credit Union National Association (CUNA) and National Association of Federally-Insured Credit Unions (NAFCU) have voted in favor and approved the merger to form America’s Credit Unions. Of those institutions that participated according to a news release, 94% of CUNA members and 86% of NAFCU members voted in favor of […] [Read More]

Former PureCars CEO Stephane Ferri has been named CEO of Call Box, a call tracking and analytics firm and parent company of Car Wars. Ferri will focus on continuing the growth of the Car Wars and Call Box brands, including growth in new verticals, increased penetration in the automotive market and further adoption of artificial […] [Read More]

What some experts might consider to be what the federal government has given and taken away during the past three years is manifesting itself significantly in the bankruptcy space. Epiq Bankruptcy and the American Bankruptcy Institute (ABI) spotted six double-digit year-over-year increases — another one at triple digits — when reviewing the October filing data […] [Read More]

ADESA chief economist Tom Kontos shared a similar reaction with SubPrime Auto Finance News as his expert brethren, saying the Federal Reserve voting unanimously to keep the federal funds rate at 5.25% to 5.5% was to be expected. “Moreover, the Fed’s indication that further rate tightening remains a possibility strikes me as prudent, considering the […] [Read More]