Wisconsin-based Ewald Automotive Group has added to its holdings with the acquisition of two dealerships from International Autos Group. The dealerships, now renamed Ewald Volkswagen and Ewald Buick GMC, are both on Main Street in Menomonee Falls, Wisc. The family-owned business, which was founded in 1964, now operates 10 dealerships and a collision center in […] [Read More]

Mitsubishi Motors North America has added Xtime, Cox Automotive’s service appointment scheduling platform, to its MiCAR digital customer experience management platform for Mitsubishi dealers. “At Mitsubishi Motors, our customers expect quality, speed, efficiency and transparency across the end-to-end service experience, and the addition of Xtime to our internal MiCAR program stands to help our dealer […] [Read More]

Title work is crucial for consignors, dealerships and finance companies when getting repossessed vehicles through the wholesale market, especially since they’re likely in a negative position if the contract holder defaulted just a few months into the term. James Canepari, senior director of national commercial accounts at Manheim, put it this way during a recent […] [Read More]

A wide array of organizations — from dealerships to finance companies to technology providers — are represented among the 14 honorees selected for this year’s Women in Auto Finance, presented by Provana. One of the award programs orchestrated by Cherokee Media Group, this year’s selections also highlighted in the current edition of Auto Fin Journal […] [Read More]

Vero Technologies, a wholesale financing technology and loan servicing platform, announced the close of its $8.5 million Series A funding round on Wednesday. Led by venture capital fund BankTech Ventures, Vero said it also received significant investment from Sopra Steria Ventures and other notable fintech investors including Arcadia Funds, Antler, AAF Management and the Independent […] [Read More]

Finance companies that book subprime paper often use sophisticated technology for underwriting and risk mitigation. The Consumer Financial Protection Bureau (CFPB) now has taken a regulatory stance on how those tools should be used, especially when consumers are not granted credit. On Tuesday, the CFPB issued guidance about certain legal requirements that the bureau said […] [Read More]

On Tuesday, Safe-Guard Products International announced it will expand its call center services this year with a new location in Greenville, S.C. Located just southeast of downtown and only two-and-a-half hours from the company’s Atlanta headquarters, the provider of branded protection products for the automotive, RV, powersports and marine industries said this new, approximately 8,000-square-foot […] [Read More]

Trade shows can offer businesses the single best form of marketing: one-on-one contact in a highly charged selling atmosphere. Combine that with music, entertainment, and maybe a little caffeine (or alcohol), and you have the opportunity to close a lot of business. Your actual booth space is a key component in that success. No matter […] [Read More]

This year will be the final one Robert Glaser is part of the North Carolina Automobile Dealers Association (NCADA). The organization announced on Tuesday that Glaser — currently chief executive officer and president of the association — will step down effective Dec. 31. Set to replace Glaser in the position is John Policastro, who currently […] [Read More]

The UAW strike appears to be intensifying, so dealers are taking steps to shore up their used-vehicle inventories. Black Book watched the estimated average weekly sales rate increase to 51% during the week that closed on Rosh Hashanah, with wholesale values still declining by 0.73%. Even with workers not assembling new vehicles for General Motors, […] [Read More]