Porsche recently hit the accelerator into the securitization market via its captive. Last week, Porsche Financial Services announced the successful closing of its first asset-backed securities transaction in the United States registered with the Securities and Exchange Commission. According to a news release, Porsche Financial Auto Securitization Trust 2026-1 included a principal amount of $911 […] [Read More]

As one company exited auto refinancing, another is rolling out its offering, at least for credit unions. Last week, Origence, a provider of lending technology for credit unions, last week announced a new auto refinance solution built to help credit unions capture more contract opportunities and grow relationships with their members. According to a news […] [Read More]

CHAMP is making notable headway in the Southeast. Not long after getting more technology in motion in Louisiana, the provider of electronic and digital solutions to motor vehicle agencies said last week that it now is providing the electronic titling technology supporting South Carolina’s Digital Government Services initiative with Tyler Technologies. CHAMP highlighted the development […] [Read More]

At its World Remarketing Convention on Thursday in Seattle, the National Auto Auction Association elected Lisa Franz as its vice president for the 2026-2027 term. This begins a four-year leadership progression for Franz, who is general manager and co-founder of Big Valley Auto Auction in Donna, Texas, which she and her family opened in 2008. […] [Read More]

DriveCentric started October by adding to its growing portfolio of native AI Agents. The company highlighted that Acquire Agent can help dealerships act on time-sensitive vehicle acquisition opportunities by engaging customers immediately after they receive a trade valuation from the dealership. Like every DriveCentric agent, it is built on the artificial intelligence the company has […] [Read More]

As the sports calendar moves into its most crowded stretch of the year, with the MLB postseason opening in the final days of September, a new NFL season already underway, and NHL clubs starting their grinding regular season, sports fans get a yearly reminder of something dealership operators rarely stop to notice. The franchises consistently […] [Read More]

This dealer news roundup begins with AutoNation appointing a top technology executive whose background includes time with companies such as Tesla, Avis Budget Group, and Google. Effective Thursday, Ravi Simhambhatla became the chief technology and AI officer for AutoNation to lead the dealer group’s technology, data science, and artificial intelligence agenda. “Over decades, we have […] [Read More]

Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence and payments surfaced on Thursday when PayNearMe launched its AI Servicing and Collections Agent, a […] [Read More]

The newest auto-finance data from Edmunds reinforced why the car-shopping site is part of a conversation about vehicle affordability during Used Car Week, which begins on Nov. 16 in San Diego. Among the six records highlighted in the latest analysis Edmunds released on Thursday about activity in the third quarter, 6.5% of used-vehicle buyers who […] [Read More]

Cars.com installed a new chief executive officer in January and a new chief marketing officer in June. On Nov. 6, the company will also have a new chief financial officer. Late Wednesday, Cars.com announced that Trent Ziegler has been appointed the company’s next CFO-designate, effective Oct. 19. According to a news release, Ziegler will formally […] [Read More]