A pair of developments from the fleet world arrived on Wednesday. First, Holman announced the acquisition of Park Wood Managers, a leading underwriter and insurance provider for commercial trucking fleets. Then, the NAFA Fleet Management Association (NAFA) recognized the 2022 graduates of its Certified Automotive Fleet Manager (CAFM) program. Executives highlighted the addition of Park […] [Read More]

Performance Brokerage Services helped to facilitate more dealerships change ownership, with the latest developments coming to light on Wednesday involving two Ford stores in Pennsylvania. The dealership brokerage firm announced the sale of Barber Auto Group’s two dealerships — Barber Ford of Exeter and Barber Ford of Hazleton — from Matt DePrimo to Key Auto Group. […] [Read More]

Although estimated overall used-car sales for January are 8% softer year-over-year, the market improved from December, and sales of certified pre-owned vehicles were up 21.5% year-over-year. That’s according to analyses this week from Cox Automotive. Overall, Cox estimates there were 2.81 million used cars sold last month, compared to … [Read More]

Sonic Automotive said Wednesday it has acquired the Harley-Davidson store that is the home of the Sturgis Motorcycle Rally. Black Hills Harley-Davidson, located Rapid City, S.D., hosts “The Rally at Exit 55” during the Sturgis event, which draws 500,000 enthusiasts each year. “We are thrilled to welcome the team from Black Hills Harley-Davidson into the […] [Read More]

If contract holders in your portfolio do business with Fifth Third Bank, here’s an option to help them stay current. AutoPayPlus has engaged with Fifth Third Bank to further diversify its portfolio of bank partners that provide money transmission solutions for the company’s F&I program that offers automated payments and early payoff of automotive and […] [Read More]

The National Automotive Finance Association has a new look — at least online. This week, the NAF Association launched its newly redesigned website with revamped features such as a modernized logo, streamlined design, improved functionality, and easy access to essential information. The NAF Association highlighted the comprehensive website is designed to bring a “personalized” user […] [Read More]

Experts say fraud is expected to surge amid uncertain economic conditions. Experian recently released its 2023 Future of Fraud Forecast, focusing on five threats that could prove challenging for consumers and businesses this year. This year’s annual predictions show that fraudsters will use some new deception techniques to outsmart businesses and deceive consumers. According to […] [Read More]

Intellaegis, which operates in the repossession and recovery spaces as masterQueue, named a new head of sales this week. Taking on the position is Brynn Layton, who will be reporting to Intellaegis chief operating officer Lance Suder and lead all sales and marketing efforts for the fintech company. “We’re excited to have a seasoned professional […] [Read More]

Brett Collett of Equifax shares his perspectives about how finance companies are approaching underwriting in this episode of the Auto Remarketing Podcast recorded during the 2023 Vehicle Finance Conference hosted by the American Financial Services Association. The vice president of Equifax’s auto vertical also mentioned what other parts of financing are on his radar to […] [Read More]

On-demand car care, tech and services company Spiffy said Wednesday it has closed on a $30 million Series C financing round. The company plans to use the funding for growth across its business units as well as its private-label hardware and Software-as-a-Service package for dealers called Digital Servicing. Additionally, Spiffy’s strategic investors now include a host […] [Read More]