Equifax is getting more into what you might describe as fintech farming, so to speak. On Tuesday Equifax introduced InnovationX that the company said is a new immersive experience to help fintechs, established financial institutions and other organizations accelerate innovation in today’s competitive market. Perhaps as a slight agriculture reference, Equifax described this project as […] [Read More]

US Equity Advantage (USEA) acknowledged that the current digital landscape is rampant with expanding cyber threats and cybercriminals getting smarter by the day. As a result, the biweekly installment contract payment service recapped this week how it’s taking steps to enhance its cybersecurity protections. In recent months, USEA said it has taken the following actions: […] [Read More]

Generally, Fitch Ratings has an upbeat assessment of automotive asset-backed securities performance, but the subprime segment still has firm experts concerned. Fitch Ratings said this week that auto ABS has been more resilient than initially expected through the pandemic and economic crisis, as delinquencies and loss levels over the past year have been stable to […] [Read More]

One of the biggest misconceptions is that good people leave organizations for monetary reasons.  While this may seem logical, I have come to find that this is simply not the case. One of the aspects of my business is to identify & provide talent to the automotive dealerships of Ontario.  In doing so, I have […] [Read More]

Citing research showing that children growing up in homes without books are less likely to complete a basic education, Manheim said two of its locations hosted a book drive for an organization that collects books for Houston’s at-risk children. Manheim Houston and Manheim Texas Hobby recently joined forces on a book drive to benefit Books […] [Read More]

Sale day certainly can be exciting when hundreds of units go over the block. But that enthusiasm can quickly dissipate when vehicles to your store and a shop manager does a rundown of how much reconditioning they need to be front-line ready. That’s the common scenario Black Book summarized in its latest installment of Market […] [Read More]

Reynolds and Reynolds has named its long-time executive Dave Bates to the new position of vice president of customer relations and chief customer ambassador. Chief executive officer Tommy Barras said the move will help the company better understand the challenges that Reynolds customers face coming out of the pandemic. Throughout his 38-year career at Reynolds — which […] [Read More]

Look for used-vehicle sales this month to slow from March but beat year-ago figures significantly. That’s according to TrueCar, which is forecasting 3.4 million used sales for April. That monthly sum would be 6% softer than March, but mark a 58% increase from April 2020, which was the first full month of the COVID-19 pandemic. […] [Read More]

Dealerships often face the challenge of their potential buyers bringing a sizeable amount of negative equity with them via their trade, creating a hurdle to get a deal bought within their network of finance companies. Times have changed tremendously, based on the newest information Edmunds shared on Tuesday. According to Edmunds data, the average value […] [Read More]

PureCars announced last week that it has been certified as a Kia Canada Digital Advertising Partner, representing its first OEM partnership in Canada and 17th OEM certification overall. Through the partnership, Kia Canada dealers will be provided with PureCars’ Pro Dealer Package, which gives them the ability to “execute as many or as few digital […] [Read More]