After announcing a move into used-vehicle financing during NADA Show 2022 earlier this month, Solera Holdings reinforced its management team on Thursday by appointing top insurance and automotive business executives to key roles. The company said Bill Brower, Mike Roberts, Dan Barrington and Lewis Scott will bolster Solera’s industry position in vehicle lifecycle management. “Solera […] [Read More]

It appears Kyte is putting the asset-backed credit financing from Goldman Sachs and Ares Global Management of $200 million announced last week to work quickly. On Thursday, the company pioneering vehicles delivered to users on-demand announced the launch of its new Tesla subscription product. Kyte said the fleet of premium electric vehicles will be available […] [Read More]

TD Auto Finance president and chief executive officer Andrew Stuart is part of the luncheon and opening panel discussion at the Auto Intel Summit, which looks to provide some clarity of “what’s next” for auto financing. Stuart also is involved with a major undertaking TD Auto Finance announced on Thursday. The bank has launched real-time […] [Read More]

Axis Auto Finance has a new board member. The Canadian fintech company said Thursday it has named JM Holdings Corp. founder and chief executive officer Jim Nikopoulos to the board. Nikopoulos will replace Gerry Thom, who has retired from the position. MJ Holdings is an investment company that has invested in early-stage companies in several industries.  […] [Read More]

Axis Auto Finance has a new board member. The Canadian fintech company said Thursday it has named JM Holdings Corp. founder and chief executive officer Jim Nikopoulos to the board. Nikopoulos will replace Gerry Thom, who has retired from the position. MJ Holdings is an investment company that has invested in early-stage companies in several industries.  […] [Read More]

“One-size-fits-all” doesn’t work for jackets and shoes, and evidently not for the leasing of new vehicles, either. J.D. Power said leasing volume now accounts for just 19% of total new-vehicle sales, prompting experts to say that finance companies and dealers need to be more targeted and purposeful than ever in their communication strategies to retain […] [Read More]

Along with recently broadening its foreign enterprise in Africa and Central America, IAA on Wednesday announced the domestic expansion of branches in Iowa and Illinois. According to a news release, capacity has doubled at the IAA Des Moines branch and IAA St. Louis has increased capacity by approximately 30%. IAA said the expansions will help […] [Read More]

American Honda has expanded the eligibility of its Honda and Acura certified pre-owned programs by adding respective tiers that allow for vehicles up to 10 years in age to be certified.  The Honda brand has launched HondaTrue Used as a CPO program tier, while the Acura brand has debuted Acura Precision Used.  Each of these […] [Read More]

With the opening of Genesis of Lafayette in Louisiana, the Genesis brand now has its first standalone dealership in the U.S. The store, owned and operated by Arthur LeBlanc Jr. and Sterling Automotive Group, is the first of several dealerships Genesis has planned for the U.S., with six additional locations under construction and 20 more […] [Read More]

About a month before NADA Show 2022, Seventh Knight became a part of the NADA Affinity Provider Program. And the provider of unique ransomware protection solutions appeared on this episode of the Auto Remarketing Podcast recorded in Las Vegas, as vice president of business development Travis Odom described how vulnerable to ransomware attacks dealerships are […] [Read More]