America’s Group said Monday it has launched a leadership development program to prepare future managers throughout the company’s auction network. The program, called America’s University, is a “deeper, more comprehensive step beyond” America’s Group’s existing Leadership Journey program, the company said. It aims to provide emerging leaders at America’s with the know-how they will need […] [Read More]

Jimmy Douglas, who is the founder of Plug, an online wholesale auction for electric vehicles only, believes the used EV market presents both challenges and opportunities for dealers. Larger numbers of off-lease EVs are returning to the market starting this year, depressing used EV prices and residual values, he said. And on top of that, […] [Read More]

You want to find the least expensive place to buy and own a car. Where are you headed? To the Midwest, according to a study by National Business Capital. The business lending platform’s analysis of the full cost of buying and owning a typical vehicle — from the purchase price, sales tax and insurance to […] [Read More]

The American Dream used to include owning a home and buying a new car. But according to a survey conducted in September by banking and financial services provider Santander US, that dream has shifted for middle-class Americans, who now see renting and used cars as their path to financial security. The quarterly survey of 2,216 […] [Read More]

Social media memes and motivational merchandise are everywhere nowadays in business, sports and beyond with the simple phrase: Do your job. Vervent reiterated this week that the payment servicing company is doing that as it’s been roughly three weeks after the Tricolor Holdings Chapter 7 bankruptcy filing. Vervent said it has assumed successor servicing responsibilities […] [Read More]

With collecting payments in the headlines nowadays, REPAY announced a new integration with Emotive Software this week. The companies highlighted auto finance companies can now take advantage of the combined functionality of REPAY’s convenient, automation-enabling payment technology and Emotive’s comprehensive loan management capabilities in a single platform. REPAY and Emotive said the integration expands loan […] [Read More]

Following recent ventures in the Middle East, the Baltic region and Western Asia, IAA’s latest international push turns back toward the south. The global marketplace has launched a new market alliance with Auto Traders of America in the Central American nation of Guatemala, a move parent company RB Global said is part of IAA’s ongoing […] [Read More]

Zeigler Auto Group has moved beyond being one of the Chicago area’s best companies to work for. Now it’s elite. The Michigan-based dealership group, which operates 15 locations in the Chicagoland region, was presented with an Elite Award for Employee Education and Development last month during the Chicago’s Best and Brightest Companies to Work For […] [Read More]

Global investment firms continue to see opportunities in the automotive sector. A day after a move involving a lender that provides credit to consumers, another transaction came to light on Thursday involving a company that provides financial fuel for dealerships. Independent automotive floorplan financing company Kinetic Advantage announced that it has received a strategic investment […] [Read More]

Washing your car, your dishes, even yourself, seems like a positive and prudent experience. However, credit washing — especially in auto finance — is making quite a mess for lenders, according to new analysis from TransUnion on Thursday. TransUnion said fraud-related charge-off losses in auto lending are not only significant, but they are also dramatically […] [Read More]