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iA Financial sees ‘growth and synergies’ with newly acquired Global Warranty
Tuesday, Feb. 4, 2025, 10:41 AM
Auto Remarketing Canada Staff
iA Financial Group has acquired Global Warranty, a group of independent warranty providers and administrators for the Canadian used-vehicle market, iA announced. London, Ontario-based Global Warranty provides vehicle warranties and vehicle protection products for more than 1,500 dealerships and 400 authorized repair centers nationwide. The company has been accredited by the Better Business Bureau since […] [Read More]
Equifax, Interac tools to power Dealertrack Canada’s new fraud-prevention system
Tuesday, Feb. 4, 2025, 10:39 AM
Auto Remarketing Canada Staff
Three big industry players are teaming up to help prevent fraud in Canadian auto finance. Dealership software provider Dealertrack Canada has partnered with Equifax Canada and Interac to introduce a new identity verification system using Equifax’s identity orchestration services integrated with Interac’s document verification service that’s designed to deliver fast and secure identity verification for […] [Read More]
Carvana to expand ADESA Clear, its online wholesale platform with retail feel
Tuesday, Feb. 4, 2025, 07:00 AM
Joe Overby, Senior Editor
Even before its purchase of ADESA’s U.S. auctions in 2022, Carvana was already a major player in the wholesale auto industry as both one of the largest buyers and largest sellers in the space. So, the company had a firm grasp on the ins and outs of conducting a wholesale vehicle transaction. “We wanted to […] [Read More]
Reviver celebrates Black History Month and founder’s entrepreneurial journey
Monday, Feb. 3, 2025, 04:36 PM
Auto Remarketing Staff
For Reviver founder Neville Boston, Black History Month is an opportunity to reflect on his personal entrepreneurial journey and the company he’s built — and to look ahead. Reviver has grown since its beginnings in 2009, with its RPLATE digital license plate now legal for all vehicles in Arizona and California, and for commercial fleet […] [Read More]
CarGurus’ new brand campaign is all about the ‘Big Deal’
Monday, Feb. 3, 2025, 03:01 PM
Auto Remarketing Staff
CarGurus’ latest brand campaign is a Big Deal. The online car shopping platform’s new “Big Deal” ads, which launched Monday, emphasize the important role cars play in people’s lives and the significance of making the right decision during a purchase or sale. The new spots empathize with the big decisions drivers make along the buy/sell […] [Read More]
AutoNation tops auto retailers on Fortune list of most admired companies
Monday, Feb. 3, 2025, 02:09 PM
Auto Remarketing Staff
For the fifth year in a row, AutoNation sits atop the nation’s auto retailers on Fortune’s 2025 World’s Most Admired Companies list. It’s the eighth consecutive year on the list for the giant dealer group, which operates more than 300 locations in 20 states. The 2025 list includes 314 companies, 229 of which are based […] [Read More]
More positives from Wolters Kluwer Auto Finance Digital Transformation Index
Monday, Feb. 3, 2025, 11:43 AM
Auto Fin Journal Staff
Analysis by Wolters Kluwer Compliance Solutions from its Q4 Auto Finance Digital Transformation Index showed adoption of digitized contracting and documentation workflows by auto retailers and their financing partners that foster back-office efficiencies saw a noticeable jump to close last year. While adoption in the fourth quarter compared to third quarter was down slightly — […] [Read More]
DealNow.com rolls out contract payoff tool to help dealers gain inventory faster
Monday, Feb. 3, 2025, 11:41 AM
Auto Fin Journal Staff
Last week, DealNow.com launched its new Instant Loan Lookup and Payoff Solution, designed to reshape inventory acquisition for dealers. The company highlighted this tool can address the growing challenges dealers face in sourcing quality used vehicles amid current market conditions. “Dealers are facing an unprecedented shift in inventory acquisition,” DealNow.com CEO Brad Parker said. “Our […] [Read More]
Neighbors Federal Credit Union now using AutoPass from Point Predictive
Monday, Feb. 3, 2025, 11:40 AM
Auto Fin Journal Staff
Neighbors Federal Credit Union and Point Predictive finalized a partnership last week with the auto finance provider selecting AutoPass to streamline originations. By implementing AutoPass, executives said Neighbors Credit Union will be able to approve low-risk applications without requiring onerous documentation which will make it easier, faster, and safer for their members. “Our members deserve […] [Read More]
UPDATED: Chopra out at CFPB & acting director revealed; bureau examines auto financing & servicemembers
Monday, Feb. 3, 2025, 11:05 AM
SubPrime Auto Finance News Staff
Rohit Chopra no longer is the director of the Consumer Financial Protection Bureau, confirming the matter in a letter addressed to President Trump and posted via social media on Saturday. But before Chopra concluded his time in bureau leadership, the CFPB highlighted eight findings in a 46-page report focused on auto financing and servicemembers. How […] [Read More]
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