One of the country’s largest banks and a luxury OEM’s captive are going to keep working together. Volvo Car Financial Services and Bank of America on Tuesday announced the extension of their long-standing relationship to provide auto loan and lease origination, financing, and servicing for Volvo customers and the automaker’s 280 U.S. retailers. The OEM […] [Read More]

Octane is accelerating its presence in automotive. The fintech company founded in 2014 that already has more than 60 OEM partner brands, 4,000 dealer partners, and a team of more than 600 professionals is now offering what’s positioned as Octane’s Captive-as-a-Service. The product is designed to enable dealerships to enjoy the benefits of owning a […] [Read More]

Dealers have been using pencils for decades; sometimes the ones with actual wood and lead. Well, Informativ is rolling out a new kind. The provider of fraud prevention, compliance, payments, and credit technology for the automotive and consumer finance industries is unveiling two new innovations at NADA 2026 in Las Vegas. One is SmartPencil, which […] [Read More]

Perhaps lenders that specialize in subprime auto finance can find a positive way to view the latest edition of CreditGauge from VantageScore. The data showed the pool of subprime consumers is getting noticeably deeper. From December 2023 to December of last year, analysts reported the share of consumers in the VantageScore subprime credit tier increased […] [Read More]

A startup auto auction is moving into new territory for the first time. Salvato Auctions, an online auction for salvage vehicles, announced its plan for a “strategic expansion” with current customers into the Midwest region, scheduled to launch in the second quarter. Salvato began operations in August, with all vehicles auctioned located in Texas. The […] [Read More]

Subaru dealers have been supporters of UVeye. Now the provider of artificial intelligence-powered vehicle inspection systems is returning the favor. UVeye said it will begin offering expanded support and resources to more than 600 U.S. Subaru retailers to make its automated underbody, tire and exterior inspection technology more accessible to Subaru service departments. The program […] [Read More]

The holidays have passed and now we are all focused on two things: driving business in 2026 and the NFL playoffs, which will culminate with the Super Bowl in February.  For me though, my Super Bowl takes place in April. That’s when Ignite hosts its annual Compliance Unleashed Conference.  We created this event so that […] [Read More]

AutoCanada’s move out of the U.S. continues with the sale of Toyota of Lincoln Park in Chicago to Murgado Automotive Group. The Edmonton-based dealership and collision repair group said the deal is worth $11.2 million in cash for goodwill and fixed assets, excluding inventory and net working capital. The proceeds will be used to reduce […] [Read More]

The management transition at Credit Acceptance continued late on Monday, as the subprime auto finance company revealed the upcoming retirement of two c-suite executives. According to a filing with the Securities and Exchange Commission, chief analytics officer Arthur Smith and chief sales officer Dan Ulatowski will retire on Sunday. The company also said Smith and […] [Read More]

As we enter a new period for the industry in 2026, the automotive industry is facing a transformative shift that will define the “dealership of the future.” The days of relying solely on new car trade-ins or the high-fee, low-margin environment of national auctions are fading. To scale volume from 300 to 500 units and […] [Read More]