Ignite Consulting Partners chief legal and compliance officer Steve Levine returned for another visit; this time recapping on the Auto Remarketing Podcast how cathartic it was to host the firm’s compliance training event again in person. Levine also described how buy-here, pay-here dealerships are sharpening their compliance skills again after navigating through the worst of […] [Read More]

Agora Data again used the old adage, “strength in numbers,” to leverage the capabilities of the securitizations market for operations that typically do not have the size or scale to attract investment-community interest. This week, the company announced the successful closing of its second crowdsourced securitization, ACAST 2021-1, on May 27. With the closing of […] [Read More]

Experian’s Q1 2021 State of the Automotive Finance Market report illuminated many attributes about the contracts originated during the opening quarter of the year, including how outstanding balances now are approaching $1.3 trillion as well as metrics based on geography. This week, S&P Global Ratings shared insights about more seasoned paper, discussing how payments tracked […] [Read More]

Digital auto marketplace IAA is growing their leadership team with the hiring of Peg Burr as senior vice president of product management, in an effort to strengthen product development in the global marketplace.  Most recently, Burr was VP and global product portfolio leader for the digital business of Cognizant. Prior to Cognizant, she led global end-to-end […] [Read More]

Though not as steep as the declines in other sectors, auto loan origination volumes in Canada dropped 8.8% year-over-year in the fourth quarter, according to the Q1 2021 TransUnion Industry Insights Report. Specifically, there were 435,065 auto loans originated in Canada during Q4, compared to 476,994 a year earlier, the report indicated. In the third […] [Read More]

CDK Global said Wednesday it has acquired digital vehicle sales platform Roadster. Terms of the purchase were not disclosed in the news release, but CDK shared this in a Form 8-K filed with the Securities and Exchange Commission: “Under the terms of the Merger Agreement, the stockholders of Roadster are entitled to receive aggregate all-cash […] [Read More]

Get Spiffy is based in North Carolina, but the on-demand car care, technology and services company is gaining momentum in an adjacent state. On Wednesday, the company announced the launch of its latest franchise location in South Carolina. The Greenville franchise opened for business on Tuesday and offers mobile car wash, detail, and oil change […] [Read More]

While slightly softer than the previous weeks in the month, Black Book highlighted another weekly wholesale value uptick — extending the industry’s streak to 18 in a row — lifted its Used Vehicle Retention Index to another record. Black Book reported its May index reading came in at 159.6, increasing 7.1 points or 4.7% from […] [Read More]

The American Recovery Association (ARA) is again leveraging its relationship with Bassford Remele to offer repossession agents a free webinar to discuss an important operational element — data privacy. In an attempt to help repo agents avoid a potential exposure that could cost millions in defense and litigation, Bassford Remele attorneys Patrick Newman, Jessica Klander […] [Read More]

The McConkey Auction Group, which purchased ABS Auto Auctions in 2020, has transferred ABS ownership to EBlock, and July 12 will be the first ABS auction on the EBlock platform. ABS will be a key piece of EBlock’s national expansion. ABS is a completely digital auction company that has 10 physical facilities located throughout California, Arizona, […] [Read More]