More evidence of how rising wholesale and retail prices are landing within finance company portfolios arrived on Thursday. According to Experian’s latest State of the Automotive Finance Market report, the average amount financed for a used vehicle jumped more than 20% year-over-year during the third quarter. [Read More]

AutoCanada has more than doubled its presence in Ontario with its latest acquisition. The Edmonton-based dealer group said Wednesday it has completed its purchase of 11 Autopoint Group dealerships in southwestern Ontario. AutoCanada now has 18 stores in the province. The Autopoint locations in the purchase include Honda, Acura, Nissan, Infiniti, Subaru and Kia stores […] [Read More]

Jeff Allen, who is vice president of customer experience at PureCars, joins the show to talk about the social media advertising landscape for auto dealers, digital retail trends and more.  Plus, he shares what's on his radar for 2022. To listen to the episode, click on the link available below, or visit the Auto Remarketing Podcast page.  Download […] [Read More]

KAR Global values its commercial clients, especially ones that leverage OPENLANE iQ, which provides data analytics and comprehensive technology solutions for more than 40 upstream brand marketplaces supporting 80% of North America’s private label brands. Hyundai Capital America is one of the latest captive finance companies to migrate to the platform, and KAR shared through […] [Read More]

KAR Global chief economist Tom Kontos acknowledged during a recent Auto Remarketing Podcast that he and his analytical teammates are extra careful nowadays to make sure they’re seeing the latest wholesale value numbers correctly. The latest information shared through the Kontos Kommentary reinforced why company experts are making those concerted efforts. [Read More]

Lightico growth trajectory continued on Wednesday. About a week after landing a relationship with PayNearMe, the next-generation digital completion platform that supports millions of insurance, automotive, telecom and financial services interactions welcomed Jeff Dobo as its senior vice president of sales for North America. The company highlighted Dobo will lead Lightico’s sales operations on the […] [Read More]

Inovatec passed the complex tests for the third year in a row. The provider of cloud-based loan origination and loan management solutions announced on Tuesday that it has again completed its SOC 1 and SOC 2 Type II audits, performed by KirkpatrickPrice. Inovatec said its security and compliance procedures have been annually audited by a […] [Read More]

Back in 1981, Kim Carnes won a Grammy for the song, “Bette Davis Eyes,” which was playing on the car radio of the day that tuned to a station via a red needle. That year, the Los Angeles Dodgers won the World Series during a strike-shortened baseball season, and viewers of the TV show “Dallas” […] [Read More]

Black Book and CoreLane Technologies now are working together so finance companies have a clear view of the collateral attached to their paper. According to a news release distributed on Tuesday, Black Book announced the integration of its vehicle pricing, data, and analytics into CoreLane Technologies’ CreditLane product. CoreLane Technologies, a provider of transactional connectivity […] [Read More]

An executive who was part of a company that Portfolio acquired last year now is in a crucial management position. Portfolio named Chad Millspaugh as vice president of sales and marketing, effective immediately. The F&I product provider highlighted that Millspaugh’s 20-year automotive industry career began at the retail level and has progressed with training and […] [Read More]