While you might occasionally still see someone with a flip phone attached to their belt, most consumers are walking around with a smartphone in their pockets with the capability on par with a laptop computer. And the Digital Auto Finance Report Spring 2022 compiled by Lightico and Wolters Kluwer Compliance Solutions showed the majority of […] [Read More]

A finance company that specializes in the collector car market launched its new website last week in an effort also to work with dealerships that retail vehicles that might not be quite rare. Woodside Credit highlighted that its new site makes it easier for visitors to estimate the payment on their next dream car without […] [Read More]

Allied Solutions is continuing its investment push into technology firms outside of its organization. The provider of insurance, lending, risk management and data driven solutions to financial institutions recently announced an investment in Rate Reset, a Washington D.C.-based technology company. Rate Reset offers a digital selling platform to help financial institutions enhance their customer experience […] [Read More]

The latest analysis about the health of contract payments and the auto asset-backed securities market from Kroll Bond Rating Agency and S&P Global Ratings showed mixed observations from company experts. Beginning first with the update from S&P Global Ratings, analysts examined the U.S. auto ABS sector’s performance for the first quarter and discovered … [Read More]

We go out West for this round of dealership M&A. Starting in Washington state, the Bud Clary Auto Group has purchased Auburn Volkswagen from Matt Welch, who acquired the dealership in 2006. The news was shared in a release from Performance Brokerage Services, which facilitated the sale. The family-owned Bud Clary Auto Group was founded […] [Read More]

Tennessee shares a border with eight states, including Kentucky, Virginia, North Carolina, Georgia, Alabama, Mississippi, Arkansas and Missouri. And according to Experian Automotive’s first quarter data, the Volunteer State edged out several of its bordering neighbors for the highest rate of used vehicles sold in Q1 with financing attached. Tennessee led the nation in Q1 […] [Read More]

The National Auto Auction Association put in its bid and now has an acquisition coming down the lane. NAAA has purchased the World Automobile Auctioneers Championship from Paul Behr, announcing the deal at the 2022 WAAC event in Des Moines, Iowa. Behr has owned WAAC since 2005. The event brings in the nation’s top auctioneers […] [Read More]

Jason Barrie, chief operating officer of Digital Air Strike, and Erika Maley, director of marketing for Don Hattan Dealerships, join the Auto Remarketing Podcast to talk Google vehicle ads and their role in dealership advertising and vehicle merchandising. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and […] [Read More]

It’s been a busy month so far for Lucid Group. The luxury electric vehicle manufacturer finalized a path for its customers to secure financing through a relationship with Bank of America, which is also leading a credit facility for the company worth up to $1 billion. And then on Friday, Lucid announced the official opening […] [Read More]

We wrap up our series of podcasts recorded during this year’s Non-Prime Auto Financing Conference, hosted by the National Automotive Finance Association, with a visit with Davis + Gilbert partner Joseph Cioffi. Cioffi, who also runs the Credit Chronometer, discussed where risk is now percolating and how finance companies are handling it. To listen to the […] [Read More]