Most of the major financing metrics Edmunds tracks regularly are poised to set new records. With the retail price of new and used vehicles so high, Edmunds reported on Friday that the average amount financed and monthly payments recorded during the first quarter are at the highest levels analysts have ever seen. [Read More]

Within the week of being named one of this year’s Emerging 8 honorees, Car Capital showed again why it’s gaining momentum in auto financing. The technology company that strives to get any deal bought no matter the consumer credit background is continuing to build its network of dealer partners with CarLotz coming aboard on Wednesday. […] [Read More]

On Wednesday, Copart announced that its board of directors has appointed Jeff Liaw, who has been serving as president and chief executive officer North America, to be co-CEO in a move that’s effective on Friday. According to a news release, Copart said Jay Adair will continue his leadership of the company as co-CEO and as […] [Read More]

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]