Like auto financing, the Internal Revenue Service is trying to enter the digital realm, too. The agency announced last week that taxpayers will have the option to go paperless for IRS correspondence by the 2024 filing season. And the IRS said it is looking to provide paperless processing for all tax returns by the 2025 […] [Read More]

A portion of the contract holders in your outstanding auto finance portfolio might be facing an additional major payment obligation next month when forbearance for federal student loans expires. And TransUnion reported 36% of consumers already holding student loan debt took on auto financing commitments since the beginning of the pandemic. It’s all percolating into […] [Read More]

Tom Adams Jr. once flew to Cartagena, Colombia to recover 16 high-end, late-model cars that Auto Insurance Agency, better known as AIA, had issued coverage policies for. He spoke no Spanish and had no idea where he might find the cars. After a series of adventures, or perhaps misadventures, he managed to recover them and […] [Read More]

Earlier this summer, Cherokee Media Group generated a two-part series focused on the potential challenges associated with car owners having to pay monthly subscriptions for features such as heated seats or increased electrical-vehicle power. Perhaps those hurdles might not be as foreboding as initially thought based on research done by S&P Global Mobility. First, let’s recap the entire situation. Cox Automotive sees multiple challenges automakers could face if they embark on ... [Read More]

Credit unions collectively continue to gain market share in auto financing. How are they doing it? Origence president and CEO Tony Boutelle answered that question, sharing some other interesting data about credit unions and more during this episode of the Auto Remarketing Podcast. The conversation can be found in the window below. [Read More]

Velocity Automotive announced it has been endorsed by FordDirect as a preferred vehicle portfolio and reconditioning technology provider for U.S. Ford and Lincoln dealerships through its marketplace. FordDirect is a joint venture between Ford Motor Co. and its franchised dealers that provides digital marketing and advertising solutions exclusively for Ford dealers and Lincoln retailers. Velocity […] [Read More]

The newest hire by F&I Sentinel brings with him more than 30 years of professional experience in numerous roles at organizations including Flagship Credit, Wells Fargo, Fiserv, Sagent Lending and defi SOLUTIONS. This week, the compliance and regulatory risk mitigation solutions provider announced the hiring of Scott Hendriks as its new director of product strategy. […] [Read More]

To conclude our series of Auto Remarketing Podcasts from the NIADA Convention, we talk with Geoff Shepard, who is the independent dealer sales manager at Work Truck Solutions. Shepard and Cherokee Media Group senior editor Joe Overby discuss Work Truck Solutions’ partnership with independent dealers, the state of the work truck/commercial vehicle segment and much […] [Read More]

Buying a car is not like ordering a pizza. But for some Carvana customers, the delivery time might be getting close. The nation’s largest online used-car retailer has launched same-day delivery to select customers who order a vehicle in Arizona, with plans to expand the service to select markets nationwide in the coming months. “Carvana’s […] [Read More]

Electric vehicle manufacturer Rivian Automotive has named John Krafcik to its board of directors. Krafcik is a veteran automotive executive with more than 35 years of experience in the industry, most recently as CEO of Waymo, an Alphabet company that has commercially launched autonomous driving technology in several U.S. markets. He will also serve as […] [Read More]