Blinker and Flagship Credit Acceptance now are collaborating to leverage their collective resources to gain more share within auto financing. The automotive e-commerce technology and services company and auto-finance provider managed by funds controlled by Perella Weinberg Partners Capital Management (PWPCM) and sub-advised by an affiliate of Innovatus Capital Partners (ICP) announced they have completed […] [Read More]

Earlier this week, F&I Sentinel made its fourth major move so far this year, announcing its chief financial officer. After landing funding from Calera Capital in February and hiring two former F&I Express executives and adding former Hudson Cook partner Rick Hackett to its board in May, the compliance solutions provider said Tim Barchie joined […] [Read More]

EFG Companies recently reinforced its educational offerings because the company said its F&I training graduates produce an average of $206,000 in additional annual revenue. To help more industry professionals achieve to that degree, EFG Companies welcomed Kim Kotz-Carroll as vice president of training and recruiting. EFG reiterated that it positions clients to weather industry changes […] [Read More]

He’s back, folks. Tom Kontos has released his first industry commentary since the closing of KAR Global’s sale of its U.S. ADESA auction business to Carvana. The longtime auto analyst, who is now the chief economist at ADESA Auctions, shared his thoughts on … [Read More]

Shortly after its purchase of Accu-Trade in February, Cars.com executives said bringing the company into the fold could help facilitate another inventory acquisition source for dealers: buying cars directly from the public. That came to fruition this week with the official launch of Instant Offer, a new Accu-Trade-powered capability on Cars.com where consumers can sell their rides […] [Read More]

Shop Smart Autos founder and chief technology officer Richie Bello closed July by making a major strategy pivot, announcing that the company is taking its focus from dealer lead provider to strictly a consumer marketplace. According to a news release, the company no longer will sell consumer leads to dealers. The company intends to offer […] [Read More]

Marty Miller definitely did his homework for this episode of the Auto Remarketing Podcast. The director of automotive data for Experian Automotive shared the latest trends associated with brand loyalty and which vehicles are resonating most with consumers nowadays. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  […] [Read More]

The wholesale value feast consignors have been enjoying for some time might finally be finishing. Black Book spotted a wholesale price decline last week not seen in a year, as analysts said that overall values softened by 0.86%. That’s nearly double the [Read More]

Attention buy-here, pay-here dealerships with related finance companies as well as lease-here, pay-here operators. If your book of business contains individuals who are actively serving in the military, a stern letter from the Department of Justice and the Consumer Financial Protection Bureau (CFPB) is directed at you. The federal agencies issued a joint letter last […] [Read More]

Daniel Parry did not seek to have an economic or political argument about whether the U.S. is officially in a recession. Rather, the co-founder and chief executive officer of TruDecision maintained that risk is in play no matter how well the economy may or may not be doing. Parry pointed out more than a half […] [Read More]