In addition to announcing a new advocacy campaign in lieu of its annual Washington Fly-In, the American International Automobile Dealers Association said Tuesday it has added Citrin — a provider of porter, car wash and mobility services to dealers — as an Affinity Partner. With the company as an AIADA Affinity Partners, members can receive, […] [Read More]

For decades, auto dealers have been constantly reinventing their advertising strategies to one-up their local competitors and entice car shoppers into their showroom. These ads have traditionally had a distinct, up-beat tone broadcast over radio and television channels, along with full-page ads in the Saturday newspaper promoting exciting deals on new and used cars and […] [Read More]

In recent years, an impending wave of off-lease supply was among the top stories in automotive. Not so much this year. According to the latest quarterly report from RVI Analytics, there was a 1.8% year-over-year drop in off-lease volume during April, and further softening is expected. “Given the low supply of new vehicles as a […] [Read More]

Swapalease.com shared more evidence that the auto-finance market appears to be stable. On Wednesday, site officials reported vehicle lease credit applicants on Swapalease.com registered a 69.9% approval rate in May. While the approval rate marked a small decrease from the 70.7% approval rate in April, it’s also higher than the same month last year when […] [Read More]

Floorplan providers are taking extensive actions nowadays to help independent dealerships secure the inventory they need as the wholesale market is impacted by soft volumes and soaring prices. After moves by Cox Automotive’s NextGear Capital as well as KAR Global’s AFC, ACV on Wednesday announced new title-dependent products available through its financing arm, ACV Capital. […] [Read More]

June is proving to be acquisitions month. Along with transactions involving dealer groups, auctions and digital retailing companies, Sedgwick — a leading global provider of technology-enabled risk, benefits and integrated business solutions — announced on Tuesday that it has acquired two regional automotive appraisal companies: Automotive Damage Appraisers of the Southwest (ADASW) and Metro Appraisal. […] [Read More]

After shoppers find a vehicle with all of the features they want, oftentimes the next question they want to be answered is how much their dream car is going to cost each month. To provide those details and more, Trusted Sale has partnered with OfferLogix to launch Trusted Car Payments — an online monthly payment calculator […] [Read More]

Digital Matrix Systems (DMS) is looking to make its underwriting and risk mitigation products even more robust as finance companies continue to navigate through portfolio building. On Tuesday, DMS announced the next generation of the company’s DMS Summary Attributes with the launch of Version 6.0.  Building on the legacy version’s long-term success, DMS highlighted Version […] [Read More]

A new partnership involving eLEND Solutions and Orbee is designed to keep shoppers already engaged with a dealership website moving down the purchase funnel. The fintech companies highlighted the integration of Orbee’s platform — which leverages data to provide in-depth, individual shopper profiles — with eLEND’s Express Credit App, a quick online finance application that can […] [Read More]

Fraudsters seem to be following the old cliché of “follow the money.” As more consumers go online for banking and other financial transactions, new research from TransUnion found that fraudsters are ramping up their efforts in the financial services industry. When comparing the last four months of 2020 and the first four months of 2021, […] [Read More]