After Informed.IQ recently made inroads in subprime with Consumer Portfolio Services and DriveTime, this week the provider of artificial intelligence-based software for financial institutions finalized a partnership with F&I Sentinel, leading compliance and regulatory risk mitigation solutions provider. According to a news release, Informed.IQ will combine efforts with F&I Sentinel’s CITADEL solution to provide a […] [Read More]

Prompted by record staff growth that is expected to reach 30% year-over-year in 2022, AutoPayPlus by US Equity Advantage recently expanded its corporate headquarters in Orlando, Fla., by 20%. Last year, the provider of automated biweekly and early payoff services for automotive, RV, boat, home and student loans, grew its staff by 24%, triggering the […] [Read More]

The Presidio Group recently mentioned another segment of M&A activity is on the rise. Firm experts turned out to be good prognosticators, as CentralBDC, one of the nation’s leading privately owned outsourced business development centers (BDCs) for automotive dealerships, announced on Tuesday that it has acquired PowerBDC out of Stamford, Conn. According to a news […] [Read More]

As Auto Remarketing continues to expand our coverage of the used-vehicle retail market, below are a few OEMs who have shared certified pre-owned sales results for September and/or the third quarter. Starting with Hyundai Motor America, the Hyundai brand posted 8,556 certified sales in September, which was up 37.5% year-over-year. Through nine months of the […] [Read More]

Black Book said on Tuesday that the wholesale market is continuing to experience larger than typical value declines for this time of year, as overall prices slid another 0.76%. But what be even more interesting are the sale day anecdotes analysts shared in their latest installment of Market Insights, which mentioned the estimated average weekly […] [Read More]

VINCUE recently finalized details for a National Corporate Partnership with the National Independent Automobile Dealers Association (NIADA) to help members optimize the inventory lifecycle. VINCUE will offer its solutions to NIADA members at a preferred price, giving them access to tools and data so they can manage: —Inventory —Pricing and appraisal —Merchandising —Advertising with VIN-specific targeting […] [Read More]

In September, Canadian Black Book’s Used Vehicle Retention Index increased sequentially after three months of declines. Last week, however, Canadian wholesale vehicle prices reached a milestone of a different sort. The 0.56% drop marked the most significant decline in used-vehicle values in … [Read More]

Ignite Consulting Partners continued its Tip of the Week series by again focusing on the enhanced Safeguards Rule set to be implemented by the Federal Trade Commission. Ignite said that independent and buy-here, pay-here dealerships should have completed or at least are in the process of compiling their risk assessments and formulated a report mandated […] [Read More]

If you were looking for upbeat news about auto finance payment performance or the economy in general, Kroll Bond Rating Agency (KBRA), Fitch Ratings and Comerica Bank didn’t have too much to offer last week. While Fitch shared its expectations for when an official recession might arrive, and Comerica discussed inflation, KBRA indicated that September […] [Read More]

Used-vehicle sales fell 9.2% year-over-year in September and are trending toward a full-year tally more than 12% softer than that of 2021, according to Cox Automotive. But there remains some positive signs, particularly late last month, which saw an uptick in the rolling 30-day retail sales for used cars, according to the company’s Manheim Market Insights […] [Read More]