Here’s a development where new technology is helping payments to be processed at time of service and potentially stretched over time in another part of the automotive space. AutoVitals, a digital vehicle inspection and shop workflow solution, recently formed a partnership with Facepay, a relational payments platform that helps business owners substantially increase profits by […] [Read More]

Credit unions using Origence to help build its auto-finance portfolios enjoyed a record quarter. The CU Direct brand announced on Monday that it had delivered a record amount in credit union paper through its platforms during Q1, as the company said through a news release that credit unions funded a record 403,258 contracts through the […] [Read More]

Dealerships and finance companies that use PassTime technology now have a refreshed tool to use to maintain contact with their assets and mitigate risk. The GPS solutions provider announced last week the launch of Encore 3, the third generation of its Encore platform. PassTime highlighted that this third generation of Encore builds upon the device […] [Read More]

DriveItAway Holdings has a new advisor to keep the subscription-to-purchase technology provider on a positive trajectory with dealerships and other firms interested in automotive. Now a publicly traded company, DriveItAway welcomed Rushab Doshi, a noted entrepreneur-in-residence and new venture builder. DriveItAway added Doshi on Thursday as it continues expansion of its program for large employers […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Champika Gamage, who is manager of pricing & analytics at Hyundai Capital America. Auto Remarketing: What is the top trend you’re watching in remarketing/wholesale automotive this […] [Read More]

Wholesale vehicle prices remain well-above year-ago levels, but April saw a continuation of month-to-month softening in values. Black Book’s Used Vehicle Retention Index for April (185.4) was up 21.6% from a year ago, but fell 1.3% from March. This marked the third straight sequential decline in the index, which has seen the year-over-year spikes become less […] [Read More]

Merchants Fleet not only received three Stevie Awards as part of the 20th annual American Business Awards, the fleet management company also recognized its Top Overall Auction for 2021.  Claiming the auction accolade for the second year in a row from the fifth largest fleet company in the U.S., according to a news release from […] [Read More]

Bob Lanham is head of automotive retail at Meta, which is the parent company of Facebook, Instagram, Messenger, WhatsApp, Oculus and Workplace. He joins the Auto Remarketing Podcast to discuss how the auto industry is utilizing social media, the potential role of the influencer in automotive advertising and much more. To listen to the conversation, click […] [Read More]

This time, Allied Solutions’ newest initiative is connected to the beginning of the potential journey toward vehicle delivery. This week, the service provider to credit unions and other firms involved with financial services launched a strategic collaboration with Scienaptic AI, a leading artificial intelligence-powered credit underwriting platform provider. According to a news release from Allied […] [Read More]

EasyCare, an APCO Holdings brand, introduced a new vehicle service contract (VSC) for dealerships this week in an effort to help store personnel cater to potential buyers who only want a simple presentation of F&I products. APCO highlighted its new VSC can make it easier for dealers to present in the F&I office by integrating […] [Read More]