Dealerships agree that there are problems with the digital retailing of used and new vehicles. How to smooth out those issues is where stores are not yet in agreement. A new dealer survey from eLEND Solutions confirmed that dealerships are experiencing a significant disconnect between the online and in-store process; one that they agree must […] [Read More]

The relationship involving AutoFi and Santander now is international. After the bank was part of the investment round that pushed AutoFi’s valuation to near $700 million, the digital platform that helps to facilitate auto financing announced on that Santander Consumer Canada has joined its network of North American auto finance partners. Santander Consumer Canada, based […] [Read More]

Lightico announced a partnership with banking technology solutions provider Nymbus on Tuesday. The companies said the integration allows Nymbus bank and credit union clients to transform their customer communications with the ability to easily collect e-signatures, documents, payments and ID authentication in real-time and straight from the customer’s smartphone. “As the face of banking continues […] [Read More]

Our series of podcasts originating from this year’s Vehicle Finance Conference in Las Vegas orchestrated by the American Financial Services Association continues with a conversation featuring one of the previous Women in Auto Finance honorees, Jenn Reid. Reid is now head of sales for digital lending and motor vehicles for Wolters Kluwer. She shared what’s […] [Read More]

The American Financial Services Association highlighted that 11 members of the U.S. House sent a letter to the Consumer Financial Protection Bureau containing seven questions triggered by the regulator saying it is “moving to thwart illegal repossessions in the heated auto market.” The lawmakers began their letter by referencing a post on Twitter by CFPB […] [Read More]

ACV chief executive officer George Chamoun returns to the Auto Remarketing Podcast during this episode recorded at NADA Show 2022 earlier this month in Las Vegas. George sits down with senior editor Joe Overby to talk about ACV's recent acquisitions of Drivably and Monk and how they fit into the company's ecosystem, how dealers can […] [Read More]

On Tuesday, EFG Companies announced a pair of achievements aimed at bolstering its commitment to deliver data security for its clients, partners and contract holders. The company gained two certifications, including: • Certification by the Payment Card Industry Security Standards Council (PCI SSC) as PCI Data Security Standard (DSS) compliant; and • Recertification with the […] [Read More]

The busy month for ComplyNet continued this week when the provider of end-to-end compliance and risk mitigation solutions announced the release of ABLE, which is designed to be an intuitive, easy-to-use, and comprehensive compliance management system. ComplyNet highlighted that ABLE can guide dealerships through compliance protocols in an environment that is both collaborative and creative.  The […] [Read More]

Black Book identified “the real winners right now” amid a wholesale market where prices are still softening and the estimated average weekly sales rate has not jumped like this time last year. Analysts determined wholesale values dipped another 0.51% during the week that closed in between St. Patrick’s Day and the first day of spring; […] [Read More]

Average gas prices in the U.S. were at $4.239/gallon on Monday, which is $1.374 higher than they were a year ago, according to the U.S. Energy Information Administration.  It’s no wonder, then, what has happened to the cost of used vehicles that run on alternative sources of energy, even amid a market already inflated by material […] [Read More]