Fleet management company Donlen has named a new director of remarketing. Hired for the position is Larry Knapp, whose background includes time with BMW Financial, UB Vehicle Leasing, Hertz and Mercedes-Benz Financial and Black Book. “We have a real opportunity to reshape the lifecycle of the vehicle by creating additional channels for customers to sell […] [Read More]

Thanks to a partnership with insurtech company Salty, shoppers using Asbury Automotive Group’s Clicklane online car-buying can generate a bindable insurance quote and still remain on the platform. Salty’s Software-as-a-Service platform gives insurance carriers and distribution partners a way to provide customized policies on a product or service in real-time while the purchase is happening. […] [Read More]

With inventory so limited nowadays, dealerships likely want to know the exact location of every single unit within its operation. Dealerware is looking to help Ford and Lincoln stores accomplish that task and more. The connected car platform for automotive retailers announced on Wednesday that it has been selected as a preferred vendor to Ford […] [Read More]

While the degree of increase was lower, it was a steadily strong week for the Canadian wholesale vehicle market, according to Canadian Black Book, which found overall prices were up 0.01% for the week ending July 2. That compares to [Read More]

Kroll Bond Rating Agency (KBRA) examined how states are modifying their use of federal unemployment benefit programs connected to the pandemic and identified four finance companies whose automotive securitizations might have the most resulting risk exposure. Analysts recapped in a report distributed this week that a total of 26 states have announced plans to opt […] [Read More]

Veteran buy-here, pay-here dealers already might understand the complexities and potential gains of a well-run reinsurance program. New operators or other dealerships might think that the previous sentence had a typo. In an effort to help the whole industry, we dedicated this Auto Remarketing Podcast episode to be “Reinsurance 101,” asking Shaun Petersen, who is […] [Read More]

Allied Solutions is continuing to forge industry relationships aimed at enhancing output for all firms involved. The newest one with Tracers — a cloud-based public and private records research software — is designed to create an “all-in-one” resource for improving collections and repossession with comprehensive consumer data and delinquency management tools. Tracers includes a wide […] [Read More]

Alfa, provider of the asset finance software platform Alfa Systems, recently published the third and final paper in its thought leadership series, “AI in Equipment and Auto Finance.” The whitepaper titled, “Part 3: Moving Forward with Machine Learning” was produced in association with Alfa iQ, which is a partnership between Alfa and Bitfount. Bitfount works […] [Read More]

A measure was recently introduced in the U.S. Senate that aims to create another agency on par with the Consumer Financial Protection Bureau but for regulatory oversight of data. Sen. Kirsten Gillibrand recently announced her renewed legislation — the Data Protection Act of 2021 — would create the Data Protection Agency (DPA), an independent federal […] [Read More]

Used-car ecommerce platform Shift, which began selling cars in Texas for the first time in May, has added two more markets where customers in the Lone Star State can buy vehicles. The company announced Tuesday that Dallas and Fort Worth have been added as full-service markets, joining Austin and San Antonio, which were added this […] [Read More]