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Modives and Connexion Mobility partner for ID and insurance verification
Wednesday, Jan. 29, 2025, 12:29 PM
Auto Fin Journal Staff
Modives and Connexion Mobility announced a new partnership to introduce identity and insurance verification into the automotive industry. Starting with courtesy transportation, Connexion Mobility’s dealership customers can now redefine their courtesy fleet risk management in a space the services providers said is exposed to tough-to-manage losses and increased regulation. CheckMy Driver, the Modives patent-pending insurance […] [Read More]
ARA compiles whitepaper to clear misclassifications about repossessions & ‘tows’
Wednesday, Jan. 29, 2025, 09:47 AM
SubPrime Auto Finance News Staff
The American Recovery Association published a new whitepaper on Wednesday, attempting to clarify what the organization called misclassifications by finance companies and third parties of what constitutes a repossession and what is simply a vehicle tow. ARA began the whitepaper by writing it “asserts that any vehicle secured prior to the full term of a […] [Read More]
Dealer news: Indiana’s Farabaugh named TIME Dealer of the Year; Lithia makes another acquisition
Tuesday, Jan. 28, 2025, 04:42 PM
Auto Remarketing Staff
Raymond Farabaugh, president of D-Patrick in Evansville, Ind., has been named 2025 TIME Dealer of the Year. The award, in its 56th year, is presented in partnership with Ally Financial and the National Automobile Dealers Association, recognizing the nation’s most successful dealers with a longstanding commitment to community service. Farabaugh was selected from 49 nominees […] [Read More]
Dave Cantin Group shakes up leadership team to ‘staff up’ for ‘milestone’ 2025
Tuesday, Jan. 28, 2025, 03:04 PM
Auto Remarketing Staff
Dave Cantin Group has made significant changes to its leadership team as part of an ambitious growth strategy in preparation for what it called “a milestone year” in 2025. The dealership merger and acquisition advisory firm has promoted Brian Traugott to chief of staff for president and CEO Dave Cantin and chief business and strategy […] [Read More]
Dyer takes the helm for Merchants Fleet
Tuesday, Jan. 28, 2025, 02:59 PM
Auto Remarketing Staff
Merchants Fleet has a new captain. The fleet management company has named Matt Dyer as its CEO, saying he brings decades of industry leadership and expertise to the role. “Matt is an exceptional leader with deep fleet expertise and a proven track record of driving transformative change,” interim co-CEO Brad Burgess said. “His bold vision, […] [Read More]
Used-car retail prices get some relief, but supply challenges persist
Tuesday, Jan. 28, 2025, 02:58 PM
Joe Overby, Senior Editor
Retail used-car shoppers may want to strike while the iron’s hot.
(And the metal is relatively inexpensive to move).
Especially considering what could be on the horizon in the wholesale used-car market ... [Read More]
PODCAST: Technology dealers need for operational excellence
Tuesday, Jan. 28, 2025, 01:53 PM
Auto Remarketing Staff
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Julie Lawton, who is vice president of sales with ACERTUS. Lawton offered several suggestions for technology dealers need for operational excellence. Listen to the episode in the window below and stay tuned […] [Read More]
PODCAST: How to drive dealership success in the digital era
Tuesday, Jan. 28, 2025, 12:50 PM
Auto Remarketing Staff
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Aaron Hancock, who is the director of product management for automotive at LeadVenture. Hancock shared a variety of recommendations for dealerships to thrive as more processes and consumer preferences become digital. Listen […] [Read More]
Used-vehicle financing reflects the state of the stretched consumer
Tuesday, Jan. 28, 2025, 10:49 AM
Daryl Lubinsky, Correspondent
Andrew Lemoine expects to see increased digitization as a trend in auto finance, as consumers are “demanding a lot more seamless online buying experiences.”
Consumers want that seamless experience in the overall vehicle purchase transaction, and Lemoine, who is founder and CEO of autocorp.ai, said that includes the financing portion. Autocorp.ai provides tools to allow dealerships to sell cars and engage with consumers online.
“When it comes to things like pre-approvals and taking the finance deal further in a digital format, I think we can expect to see ... [Read More]
US Court of Appeals vacates CARS Rule
Tuesday, Jan. 28, 2025, 09:29 AM
Nick Zulovich, Senior Editor
The National Automobile Dealers Association could claim victory by still hosting NADA Show 2025 last week in New Orleans, despite the biggest snowstorm in more than 100 years hitting the city just days before the expo hall doors opened. Then late on Monday, NADA had another claim to victory in the Big Easy: the U.S. […] [Read More]
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