On Wednesday, Constant announced its Zero Processing Skip-a-Pay and related loan servicing solutions are now accessible through the Jack Henry digital banking platform. In an effort to expand digital services, Constant said many financial institutions have added online applications that are fulfilled in the back office. When consumers can’t solve their issues via self-service, they […] [Read More]

Two service providers now are working together to help consumers land a revamped installment contract and perhaps new vehicle insurance, too. Polly, a leading embedded insurance marketplace for automotive retail, and Gravity Lending, a rapidly growing fintech providing low-cost interest refinancing options, announced a strategic partnership on Wednesday that can give car owners the opportunity […] [Read More]

Auto finance appears to be in a much better state than credit cards and personal loans based on TransUnion’s 2023 Consumer Credit Forecast released on Wednesday. While experts are expecting delinquency rates for credit card and personal loans to rise to levels not seen since 2010, TransUnion is forecasting that serious auto finance delinquency rates […] [Read More]

This special episode of the Auto Remarketing Podcast was recorded during Used Car Week and features the Women in Collections & Recoveries honorees who were able to make the trip to San Diego in November. The panel discussion moderated by Belinda Beyer of American Recovery Service features Claudia Plascencia of Resolvion, Bryanna Cox of Asset […] [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcast featuring general sessions from Used Car Week in November. Our next special episode features the "Auction Technology Part II: Auctions Executives on Tech’s Online and In-Lane Roles" panel discussion, which included Jaime Kruss of IAA, Kelly […] [Read More]

Black Book reported on Tuesday that the estimated average weekly sales rate now has declined for seven weeks in row, sliding to 48% during the latest stretch that closed on Saturday. The drop coupled with overall wholesale prices softening another 0.88% prompted analysts to say in the newest installment of Market Insights that “sales rates […] [Read More]

The charitable work in auto retail during the holidays continues, this time with a food drive and efforts to provide those in need with winter coats. Starting with the Greater New York Automobile Dealers Association, the group kicked off its campaign to help the Operation Warm organization last week and anticipates raising more than $100,000 […] [Read More]

Lithia & Driveway has expanded to Kentucky with its latest purchase. The dealer group announced Tuesday it has purchased Glenn’s Freedom CJDR in Lexington, the 33rd store Lithia has acquired in 2022. Lithia anticipates the dealerships will generate annualized revenues of more than $140 million. The near three dozen stores Lithia has purchased this year […] [Read More]

More changes in connection with America’s Group came to light this week. A few days after the company announced Chuck Tapp would become CEO, another news release indicated XL Funding and Auction Credit Enterprises — two floorplan financing companies affiliated with America’s — have joined forces to operate as Axle Funding. The updated name follows the strategic combination of […] [Read More]

Privacy4Cars said Monday it has closed a new financing round that includes The Presidio Group CEO Brodie Cobb, FM Capital and Automotive Ventures. The latter led Privacy4Cars’ Series A round in August 2021. The growth capital for the company, which provides automotive data privacy and security solutions, comes at a time of regulatory changes in the […] [Read More]