Auto financing was among the positives highlighted in new, independent study released on Monday that examined the economic benefits of the credit union tax exemption to consumers, businesses, and the U.S. economy. The study commissioned by the National Association of Federally-Insured Credit Unions (NAFCU) determined that credit union rates on new- and used-vehicle financing are […] [Read More]

With some consumers benefitting from refinancing their retail installment contract, the investment world is seeing an opportunity, too. On Monday, OpenRoad Lending and Clarion Capital Partners announced that the New York-based private equity firm that focuses on making equity investments in lower middle market growth companies has completed a strategic investment in OpenRoad, a fast-growing […] [Read More]

RateGenius’ monthly Auto Refinance Rate Report found that the average overall auto refinance interest rate for August came in the lowest of any month so far this year. [Read More]

Women in Auto Care has gone above and beyond to help females looking to start their careers in the industry in year. In 2021 so far, the community of the Auto Care Association has awarded more than $175,000 in scholarship funding and starter tool sets to 63 female students across the U.S.  The group's scholarship program […] [Read More]

Last week, RumbleOn — one of the nation's largest retailer of powersports vehicles — announced the closing of its business combination with RideNow. This means RumbleOn, which offers an onminchannel buying experience for powersports customers, has acquired 100% of the RideNow dealership portfolio. "We are very excited to announce that we closed our business combination with RideNow, becoming the […] [Read More]

ACV has chosen a new tech leader for its digital automotive marketplace and data services platform. Bahman Koohestani, with over 25 years of leadership experience across a wide range of industries, including technology and data analytics, is the company's new chief technology officer.  ACV explained the new CTO will be responsible for leading the company's continued […] [Read More]

Certified pre-owned vehicle sales took a tumble in August, but remain just under 2% ahead of the record 2019 pace. [Read More]

Ivette Dominguez Drawe and Michael Drawe began a relationship when they were both working in management positions at Sonic Automotive, leading them to getting married. Now the couple along with business partner Rick Jones are growing their own dealership group. According to a news release from Performance Brokerage Services distributed on Friday, the trio purchased Don […] [Read More]

AutoPayPlus acknowledged every dealership’s primary business goal and ongoing challenge revolve around one, single metric: profit. To help managers and principals in that department, AutoPayPlus unveiled an all-new solution this week designed to increase profit per vehicle and service retention for dealerships in one easy step. The company highlighted AutoPay+PERKS combines the company’s biweekly retail […] [Read More]

LAUNCHER.SOLUTIONS and Carleton recently finalized an integration of two of their primary products that serve finance companies. The integration involves the appTRAKER Loan Origination System LAUNCHER.SOLUTIONS with CarletonCalcs from Carleton. The companies explained through a news release that CarletonCalcs is a suite of compliant financing calculation components that can provides assurances to LAUNCHER.SOLUTIONS’ clients that […] [Read More]