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Dominion VUE integrates with Kia Motors
Friday, Jan. 15, 2021, 09:05 PM
Auto Remarketing Staff
Through an integration between cloud-native dealer management system Dominion VUE DMS and Kia Motors dealers’ web daily communication system via Motive Retail, Kia dealerships can synergize across different departments with a cloud-native DMS that offers security and mobility. Dominion Dealer Solutions says its Dominion VUE DMS helps dealers experience digital mobility, security and efficiency to […] [Read More]
Another projection for 2021 used-car sales
Friday, Jan. 15, 2021, 08:56 PM
Joe Overby, Senior Editor
Look for used-car sales to go slightly north of 40 million units in 2021 after a slower year in 2020. More specifically, TrueCar is forecasting 40.05 million total used-car sales for this year. On the new-car side, the company is projecting 16.0 million total sales this year, with 13.9 million of those being retail sales. […] [Read More]
New FordDirect leadership to be installed on Feb. 1
Friday, Jan. 15, 2021, 08:52 PM
Auto Remarketing Staff
New leadership is set to guide FordDirect beginning on Feb. 1. In a move cheered by an Ohio dealer and chairman of the FordDirect board of managers, the joint venture between Ford and its franchise dealers announced on Friday that it has been appointed Matt VanDyke as chief executive officer. And also effective at the […] [Read More]
Carbly, Auction Edge partnership could help dealers reduce costs at auction
Friday, Jan. 15, 2021, 08:03 PM
Auto Remarketing Staff
Through a new partnership between Ambient Automotive and Auction Edge to integrate EDGE Pipeline auction run lists into Ambient’s dealer software Carbly VIN Scanner, dealers can view complete Pipeline auction listings for more than 165 U.S. auction locations. Carbly dealers can now browse EDGE Pipeline auctions to source their preferred inventory. At the same time […] [Read More]
CarGurus completes deal to buy 51% stake in CarOffer
Friday, Jan. 15, 2021, 07:08 PM
Auto Remarketing Staff
CarGurus has wrapped up its purchase of a majority stake in CarOffer. The company announced early Thursday evening that its acquisition of 51% interest in the automated instant vehicle trade platform, a deal initially announced in December, had closed. CarGurus also has the ability to purchase CarOffer’s remaining equity interest over the next three years. When it […] [Read More]
Autosled offers nationwide transport options to NIADA members
Friday, Jan. 15, 2021, 06:50 PM
Auto Remarketing Staff
Digital logistics marketplace Autosled is the newest national membership benefit partner of the National Independent Automobile Dealers Association. And as part of the partnership, Autosled is offering NIADA member dealers a first vehicle transport discount. The discount is available to association members who join as new customers. NIADA director of business development James Gibson said […] [Read More]
Equifax enhances employment verification to accelerate auto financing in digital environment
Friday, Jan. 15, 2021, 05:33 PM
Auto Fin Journal Staff
While other segments of the economy are struggling, Equifax highlighted that vehicle sales showed strength at the end of 2020 in spite of the economic impacts of the COVID-19 pandemic. And Equifax is trying to help make sure the industry stays in that position through its latest solutions. To assist dealers and finance companies more […] [Read More]
MUSA Auto Finance partners with defi SOLUTIONS to service lease portfolio
Friday, Jan. 15, 2021, 05:30 PM
Auto Fin Journal Staff
MUSA Auto Finance now is fueled with technology provided by defi SOLUTIONS. This week, MUSA Auto Finance announced its partnership with defi SOLUTIONS to handle the day-to-day servicing of the company’s entire lease portfolio. MUSA said in a news release that it will now focus all its efforts on growing originations and creating what executives […] [Read More]
Fair has ‘true watershed moment’ through LendingTree partnership
Friday, Jan. 15, 2021, 05:27 PM
Auto Fin Journal Staff
Fair secured a significant new path this week to grow its used-vehicle leasing business, announcing that the platform now will be offered through LendingTree, one of the largest online lending marketplaces. Through the partnership that Fair called a “true watershed moment,” visitors to LendingTree can be instantly pre-qualified for a personalized monthly payment for either […] [Read More]
Rivian chooses Chase to facilitate digital financing platform
Friday, Jan. 15, 2021, 05:25 PM
Auto Fin Journal Staff
Consumers who want an electric vehicle from Rivian will have a digital path to finance it. This week, Rivian announced that it selected Chase as its private-label partner to provide customers with what the manufacturer is calling a “truly digital-first vehicle financing journey.” The private label Rivian Financial Services is set to launch early this […] [Read More]
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