Allied Solutions is making its solutions stronger, especially for credit unions. Last week, one of the largest providers of insurance, lending, risk management, and data driven solutions to financial institutions announced the acquisition of CU Direct’s Lending Insights platform. The company explained this strategic move will strengthen Allied’s vision to harness the power of collaborative […] [Read More]

In this episode of the Auto Remarketing Podcast, ACERTUS chief executive officer Trent Broberg joins the show. Broberg talks with senior editor Joe Overby about the current auto transport and logistics landscape, including a look at adapting to smaller carrier loads, the impact of digital buying and selling, plus much more. To listen to the conversation, click […] [Read More]

Cars.com found a way to get 99% of dealers to agree on something. And if you’re a used-car manager, you might need only one guess to pinpoint what it is. Cars.com said an overwhelming 99% of surveyed dealers said they are paying more for trade-ins now than two years ago. According to a news release, […] [Read More]

In February, F&I Sentinel announced its founders partnered with Calera Capital, a leading middle-market private equity firm. On Thursday, the compliance solutions provider with respect to the financing of F&I products reinforced its executive team with two former team members at F&I Express. Joining the company in key leadership roles are John Elias and David […] [Read More]

On Thursday, the Association of Finance & Insurance Professionals (AFIP) announced the recipient of the $2,000 Jakob Murray Lange Memorial scholarship, which honors AFIP staff member Jakob Murray Lange, who died in a car accident in 2013. Now in its ninth year, the funds and an engraved crystal sculpture commemorating the achievement was given to […] [Read More]

On Thursday, the Association of Finance & Insurance Professionals (AFIP) announced the recipient of the $2,000 Jakob Murray Lange Memorial scholarship, which honors AFIP staff member Jakob Murray Lange, who died in a car accident in 2013. Now in its ninth year, the funds and an engraved crystal sculpture commemorating the achievement was given to […] [Read More]

American Financial Services Association senior vice president Celia Winslow made another visit for the Auto Remarketing Podcast. This time, the former Women in Auto Finance honoree explained what “dormant authority” is now being leveraged by the Consumer Financial Protection Bureau. Winslow also gave an update on other federal regulatory developments potentially connected to auto financing. […] [Read More]

It’s been rough sledding for some dealerships, especially independent operators, to find the inventory they need with the ongoing wholesale price and volume landscape. However, that’s not been the case at all for Mike Wimmer, chief executive officer and Founder of AutoLenders, an independent operation in business since 1979 that retails and leases used vehicles […] [Read More]

This roundup of dealer group news begins with another dealership changing hands. According to a news release sent on Thursday, Vaughan Automotive has purchased Mike Calvert Toyota, one of the fastest-growing Toyota dealerships in Houston. While the pandemic made it challenging for many businesses, Vaughan Automotive said Mike Calvert Toyota retained its entire staff and […] [Read More]

As the firm does each quarter, AutoIMS shared its AutoIMS Industry View for the first quarter of 2022 on Thursday. The company has described the report as a “compendium of metrics featured in the AutoIMS Sales Scorecard that reflects the AutoIMS database (with a few needed exclusions) — a vast majority of the commercial sales volume at wholesale […] [Read More]