Alfa, creator of the asset finance software platform Alfa Systems, has announced a successful project completion with PEAC Finance. Completed in July, the project delivered an Alfa Systems upgrade alongside the implementation of new business for the Barclays Asset Finance operation, acquired by PEAC in June. The company indicated that the upgrade to Alfa Systems […] [Read More]

A new report by TransUnion and Aite-Novarica Group explored how significantly the collections industry is changing. The report found that the collections industry is boosting hiring and technology investments as it transitions into a “next normal” stage. [Read More]

The National Auto Auction Association is taking what has traditionally been its Spring Business Meeting and moving it to NADA Show 2022. The meeting — which has been renamed Total Access — will be held March 10-13 in Las Vegas during the NADA convention, NAAA said in an emailed message to its members on Wednesday. […] [Read More]

In addition to a few other dealer group moves this week, Sonic Automotive said Wednesday it has opened an EchoPark delivery center in Baton Rouge, La., the second location in the state for Sonic’s chain of standalone used-car stores. There is also an EchoPark delivery center in New Orleans. Sonic now has 33 EchoPark locations […] [Read More]

Selly Automotive founder & CEO Zach Klempf joins the show to discuss how independent dealers are faring in what has been a rather unique retail auto environment, and how they're using tech and innovation to combat challenges. Plus, he shares the importance of utilizing CRM and automation services. To listen to the conversation, click on the […] [Read More]

Another day, another wholesale vehicle value index reaches a third-straight record high. Same as the Black Book Used Vehicle Retention Index's record streak reported Monday, Cox Automotive said Tuesday that its Manheim Used Vehicle Value Index has now reached record highs for three straight months. [Read More]

Tuesday brought at least a trio of M&A moves among the public auto retailers, as the buy-sell market remains hot in retail automotive. Starting with Asbury Automotive Group, it has completed its purchase of Stevinson Automotive, a deal that includes eight stores and adds annualized revenues of $715 million. The eight Denver dealerships include two Lexus […] [Read More]

With wholesale vehicles already difficult to find in general nowadays, ADESA wants to make sure its employees can locate the specific unit desired by its buying and selling clients. To help with that part of the business, the KAR Global division announced on Tuesday the complete deployment of ADESA’s fully automated vehicle tracking solution powered […] [Read More]

Auctioneers and ringmen need reflexes the caliber of professional athletes nowadays, especially if a clean, low-mileage vehicle is crossing the block. Black Book recapped intensifying scenes now happening at auctions, as dealerships and yes, rental companies, vie for models that satisfy their respective customers. [Read More]

Experian’s latest report highlighted additional data about the used-vehicle finance market, showing the amount financed for consumers to take delivery of a used model during the third quarter 20% year-over-year. During this episode of the Auto Remarketing Podcast, Experian senior director of automotive financial solutions Melinda Zabritski expanded on what other interesting tidbits she and […] [Read More]