Earlier this month, news arrived that six repossession and recovery agencies serving auto-finance clients in California, Arizona, Nevada, Utah, Colorado and New Mexico were merging to form ART Asset Adjusters. Chief executive officer Dan Johnson joined this podcast episode to discuss how the merger came together and how ART Asset Adjusters plans to operate going […] [Read More]

Dealers that utilize TrueCar now have more tools from the provider to use — for free. TrueCar announced on Thursday that it is offering complimentary access to its Payments and Trade Retail Solutions tools for network dealers. The company said the tools are available for onboarding starting now to franchised dealers and are planned to […] [Read More]

In addition to other tailwinds, two of the drivers for rising new-car sales in the third quarter actually came from the used-car market. Edmunds is predicting 3.85 million new-car sales for Q3, which would beat the second-quarter tally by 30.6%, despite falling 11% year-over year. In a news release, Edmunds executive director of insights Jessica […] [Read More]

EFG Companies is fully aware that operators likely are tracking every penny that flows through their businesses nowadays. As a result, this week the company bolstered its formal fraud detection program for dealers, creating significant roadblocks against fraud and theft while protecting dealer reinsurance positions. EFG highlighted its multi-point program now includes: — Real-time call […] [Read More]

The all-digital Auto Remarketing Canada Conference concludes Friday with a day full of live sessions focused mostly on the wholesale side of the auto business. The day starts at 11 a.m. (ET) with a session on the “Canadian Wholesale & Remarketing Perspective: Auction Executives In the Spotlight.” Moderated by Cherokee Media Group owner and managing partner […] [Read More]

Because 2020 has been a trying time for so many operators, Ignite Consulting Partners is offering buy-here, pay-here dealerships and finance companies that specialize in subprime paper the chance to get something valuable that’s tangible, both intellectually and financially. The compliance firm is joining with four other leading industry service providers for a free, 90-minute […] [Read More]

This week, Tricolor went back to the investment world, announcing the sixth securitization in company history. The Community Development Financial Institution (CDFI) and the used-car retailer focusing on the sale and financing of vehicles to Hispanics said their action included the issuance of $167 million of asset-backed bonds secured by a pool of its installment contracts. […] [Read More]

While credit performance has improved during recent reporting periods, TransUnion is cautious about the sustainability that contract holders can continue to make their monthly auto-finance payments along with other credit obligations. That sentiment stems from findings through its latest consumer survey. TransUnion reported on Thursday that serious delinquency rates in August improved once more across all […] [Read More]

Digital advertising platform Netsertive has named a chief financial officer and a chief revenue officer, stating the two positions will support the company’s next phase of growth. The new leaders are CFO Sean Witty and CRO Peter Durand, and they will also support Netsertive’s “go-to-market plans to help clients deploy localized digital advertising at scale,” […] [Read More]

Judging by the wholesale price movements, if dealers can add compact luxury SUVs or full-size pickups to their inventory, they will. Otherwise, used-car managers appear to be reducing their enthusiasm for raising inventory levels higher with only about a week remaining in September. Analysts shared those findings and more in Black Book’s latest COVID-19 Market […] [Read More]