Axis Auto Finance has a new board member. The Canadian fintech company said Thursday it has named JM Holdings Corp. founder and chief executive officer Jim Nikopoulos to the board. Nikopoulos will replace Gerry Thom, who has retired from the position. MJ Holdings is an investment company that has invested in early-stage companies in several industries.  […] [Read More]

Axis Auto Finance has a new board member. The Canadian fintech company said Thursday it has named JM Holdings Corp. founder and chief executive officer Jim Nikopoulos to the board. Nikopoulos will replace Gerry Thom, who has retired from the position. MJ Holdings is an investment company that has invested in early-stage companies in several industries.  […] [Read More]

“One-size-fits-all” doesn’t work for jackets and shoes, and evidently not for the leasing of new vehicles, either. J.D. Power said leasing volume now accounts for just 19% of total new-vehicle sales, prompting experts to say that finance companies and dealers need to be more targeted and purposeful than ever in their communication strategies to retain […] [Read More]

Along with recently broadening its foreign enterprise in Africa and Central America, IAA on Wednesday announced the domestic expansion of branches in Iowa and Illinois. According to a news release, capacity has doubled at the IAA Des Moines branch and IAA St. Louis has increased capacity by approximately 30%. IAA said the expansions will help […] [Read More]

American Honda has expanded the eligibility of its Honda and Acura certified pre-owned programs by adding respective tiers that allow for vehicles up to 10 years in age to be certified.  The Honda brand has launched HondaTrue Used as a CPO program tier, while the Acura brand has debuted Acura Precision Used.  Each of these […] [Read More]

With the opening of Genesis of Lafayette in Louisiana, the Genesis brand now has its first standalone dealership in the U.S. The store, owned and operated by Arthur LeBlanc Jr. and Sterling Automotive Group, is the first of several dealerships Genesis has planned for the U.S., with six additional locations under construction and 20 more […] [Read More]

About a month before NADA Show 2022, Seventh Knight became a part of the NADA Affinity Provider Program. And the provider of unique ransomware protection solutions appeared on this episode of the Auto Remarketing Podcast recorded in Las Vegas, as vice president of business development Travis Odom described how vulnerable to ransomware attacks dealerships are […] [Read More]

The American Recovery Association (ARA) gained more traction on the compliance front this week. ARA announced through a news release that Flying A Information Resources has chosen the association’s compliance monitoring system to assist the firm in vetting and monitoring the compliance of its professional recovery agent network, including ARA’s site inspection program. ARA reiterated […] [Read More]

The Consumer Financial Protection Bureau database indicated that the agency received 527,243 consumer complaints during the 12-month span that closed on Feb. 28. Of that amount, only 8,042 complaints — or 1.5% — fell into the categories that the CFPB classified as “vehicle loan or lease.” The majority of the consumer complaints (335,161) during those […] [Read More]

Another episode of the Auto Remarketing Podcast from NADA Show 2022 is focused on the credit union market, featuring a conversation with CUDL chief revenue officer Phil DuPree. A former dealer, DuPree shared the most common questions he’s receiving from credit unions and how CUDL has responded. To listen to this conversation, click on the link […] [Read More]