Another 15 exceptional executives have been honored among the 2026 Women in Auto Finance, an award program presented by Primeritus Financial Services. From dealerships to finance companies to service providers, this year’s group again represents a wide spectrum related to auto financing. The honorees include: Shams Blanc, Head of Auto Scores, FICO Jasmine Bridge, Regional […] [Read More]

SBS, the global financial technology company whose wholesale finance platform powers operations for OEM captives including Mercedes-Benz, Nissan, Toyota and Volvo, has appointed a U.S. leadership team as floor plan lenders search for a more efficient way to run their operations. To lead its U.S. expansion, SBS has appointed Ron Spratt as senior vice president, […] [Read More]

Dealers now can use buy now, pay later paths like their consumer customers. Last week, Parafin, an embedded finance company for platforms, announced a partnership with Tekion, an artificial intelligence-native platform serving the entire automotive retail ecosystem. Together, they launched Pay Over Time, a business-to-business (B2B) buy now, pay later solution for dealership business customers. […] [Read More]

Along with recently landing what’s considered to be the second largest credit union in the United States as a client, AKUVO on Friday announced the promotions of Melissa Bachman to chief product officer and Mike Ruggiero to chief strategy and innovation officer, expanding the company’s executive team and reinforcing its commitment to innovation, customer success, […] [Read More]

DriveItAway Holdings and Voyager Global Mobility recently announced a strategic alliance to create a new distribution channel for Voyager’s off-fleet vehicles. What’s unique about this arrangement is the program will make selected off-fleet vehicles available directly to participating subprime and buy-here, pay-here dealers. Furthermore, certain vehicles may also be offered to dealers on consignment. In […] [Read More]

If you run a dealership — an independent operation or especially a franchised store — and you haven’t already been a buyer on Copart’s platform, Jay Adair wants that situation to change as soon as his company’s $1.9 billion acquisition of ACV Auctions closes and the wholesale enterprises synergize. The Copart chief executive officer elaborated […] [Read More]

It’s now been 25 years, but dealers still vividly remember the vicious tragedies in New York and Washington, D.C. Greater New York Automobile Dealers Association president Mark Schienberg was overseas on business on Sept. 11, 2001. Schienberg was attending the Frankfurt Auto Show with New York Auto Show chairman John LaSorsa and GNYADA board chairman […] [Read More]

If you noticed more of your dealership teammates returning to potential car buyers with body language that indicated, “Yes! I got that deal bought,” the August reading of the Dealertrack Credit Availability Index might be part of the reason why. Cox Automotive reported on Friday that auto credit access in August improved for the fourth […] [Read More]

Copart has signed a definitive agreement to acquire ACV in a deal valued at approximately $1.9 billion. Under the agreement, which was announced Thursday afternoon, Copart would acquire all outstanding shares of ACV common stock for $10.50 share in cash, representing implied equity value of $1.9 billion. Adding ACV gives Copart a “new growth vector,” […] [Read More]

Tuesday marked the beginning of Nasi Jazayeri as chief executive officer of LeadVenture, which serves as a digital partner for 40,000 dealerships and service centers. According to a news release, Jazayeri succeeds Tim MacDonald, who is transitioning to an advisory role and will continue to serve on LeadVenture’s board of directors. Jazayeri joined LeadVenture after […] [Read More]