Perhaps the digitization of vehicle financing and retailing really is gaining significant momentum. This week, Wolters Kluwer, a global leader in professional information, software solutions and services, announced second quarter results and analysis from its Auto Finance Digital Transformation Index, a resource that tracks the rate at which dealers, service providers and finance companies are […] [Read More]

National Lenders General Agency made its sixth significant move since March, as the company looks to provide innovative tech solutions for independent dealers and special finance companies. This week, National Lenders added to its offerings by rolling out cloud-based insurance tracking software. National Lenders said its clients now have a cost-effective, automated solution to the […] [Read More]

XpressCredit, a fintech that focuses on the small independent auto dealer market, recently selected Lokyata’s BankAnalyze solution to help support contract decisioning for XpressCredit’s network of thousands of independent dealers nationwide. XpressCredit is designed to provide users with one point of entry from unit acquisition to customer disposition, including consumer finance and accounting. BankAnalyze can […] [Read More]

Cox Automotive announced an acquisition Thursday that not only expands its presence in the medium- and heavy-duty fleet parts and service segment, but also adds direct part sales and semi-trailer sales to its Cox Automotive Mobility Services business unit. The company has purchased Trudell, a provider of trailer service and repairs, heavy-duty truck and trailer […] [Read More]

Contained within AutoNation’s quarterly news release about sales and revenue results, the publicly traded dealer group also announced its entry into the finance company business. AutoNation said on Thursday that it has entered into an agreement to acquire CIG Financial, an auto finance company headquartered in Irvine, Calif. AutoNation said the transaction is expected to […] [Read More]

How should we think of certified pre-owned? Is this a used, new  or a new used vehicle, or should we stick to calling it “like-new?” Regardless of what we classify as CPO, we accept that CPO vehicles can be some combination. We treat it like a different product. How we market, advertise, label and sell these vehicles somehow […] [Read More]

After recently releasing its monthly indices, Kroll Bond Rating Agency (KBRA) asked a question that your finance company might be pondering, too. Considered through the prism of the auto securitization market, KBRA titled a new report, Auto Loan ABS: Rough Road Ahead? Analysts began their response by giving their assessment of the current auto finance […] [Read More]

After hitting a high in March, wholesale vehicle values in Canada have now fallen sequentially for three straight months, and the year-over-year growth — while still in double-digit percentages — has moderated. Still, used-car prices remain “extremely high,” as Canadian Black Book illustrates in a report around its Used Vehicle Retention Index for June. The index, released […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]