Lender Compliance Technologies (LCT) recently rolled out a tool geared to solve a problem that often causes major headaches for finance companies and their staff. The compliance solutions company unveiled what it calls Refund Control; comprehensive, finance company-controlled solution for managing and tracking cancellations and refunds of F&I products such as guaranteed asset protection (GAP) […] [Read More]

TransUnion is trying to show the industry just how focused on information security and consumer privacy the company really is. The company said its latest example of commitment to build and invest in technology to help businesses and consumers transact in an increasingly digital marketplace arrived recently with a preferred equity investment and strategic cooperation […] [Read More]

Another eight companies are being honored, as Cherokee Media Group on Monday released the third collection of honorees in the Emerging 8, an award program presented by Westlake Portfolio Management and designed to honor companies that aim to improve a specific aspect of the automotive industry through technology. Along with being profiled in the current […] [Read More]

DealerOn is now a provider in the Lincoln Website Solution program, and DealerOn will now help equip Lincoln dealers with DealerOn's digital marketing technology to showcase the line of Lincoln automobiles at Lincoln dealerships. FordDirect selected DealerOn, which will be the second provider in the Lincoln Website Solution program. Lincoln dealers can now choose DealerOn’s […] [Read More]

If your service drive is getting pretty busy nowadays — and not just with completing reconditioning for your used inventory — new data compiled and shared by the Auto Care Association is perhaps a reason why. According to data gathered by Auto Care Association director of market intelligence Mike Chung, vehicle miles traveled (VMT) for […] [Read More]

Used-car operations continue to be a strong suit for the publicly traded dealer groups, including some who plan to add to thriving standalone pre-owned store programs. In this story, we recap the highlights from what the public retailers said of their used-car activities in the first quarter.  At Sonic Automotive, its EchoPark Automotive standalone pre-owned […] [Read More]

Credit Acceptance Corp. made two major announcements on Thursday afternoon; one involving top company leadership and the other in connection with a multi-million-dollar settlement with a state attorney general. First, the finance company that specializes in subprime paper said that Brett Roberts, Credit Acceptance’s chief executive officer and president and a member of the company’s […] [Read More]

RouteOne senior vice president of business development Jeff Belanger stopped by for a conversation, reflecting on how technology helped the industry navigate the pandemic. And in this episode of the Auto Remarketing Podcast, Belanger also discussed how the pandemic potentially accelerated some permanent changes in how vehicles are financed and retailed. To listen to this […] [Read More]

Vroom has added two members to its board of directors, both with extensive backgrounds in the financial industry.  The new members are Paula Pretlow and Frederick Terrell, and Vroom chief executive officer, Paul Hennessy describes them as “two highly qualified executives with notable leadership experience at some of the world’s largest financial institutions.” Pretlow is […] [Read More]

Lithia Motors & Driveway continues its expansion path, this time adding more muscle in the Northeast. The retailer announced Tuesday it has acquired Planet Honda in Union, N.J., a store expected to bring in $230 million in annual revenues. “We are excited to welcome Bill Feinstein and his dedicated team to the Lithia and Driveway […] [Read More]