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 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]

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]

Vanguard Dealer Services chief executive officer James Polley announced two promotions this week of long-time executive within the company, a firm that has provided automotive consulting, dealership training and F&I products and services since 1999. Through a news release, the company said Mickey Quinn, a 30-year veteran and partner at Vanguard Dealer Services and an […] [Read More]

The pandemic and industry challenges created by COVID-19 didn’t slow Payix. This week, the provider of white-labeled collection tools and payment processing services to finance companies and loan servicers announced record-breaking achievements in 2020 in spite of those significant, well-known macro-economic headwinds. Among the accomplishments Payix highlighted are: • The company has achieved a three-year track record […] [Read More]

 A new CARFAX Canada service helps vehicle owners stay on top of car maintenance schedules and keep track of service records, including reminders that alert users of upcoming service recommendations specific to their vehicle. CARFAX Canada said the free service, called CARFAX Canada Car Care, makes taking care of a car easier than ever. Canadians […] [Read More]

America’s Auto Auction has promoted Will Miller to the position of fleet/lease manager for its Toledo, Ohio, facility, noting that Miller is well suited to the new role during the current climate of increased emphasis on internet selling. In his previous post as the auction’s online manager, Miller worked with fleet/lease and dealer accounts. Miller said […] [Read More]

With an eye toward current F&I business as well as where that segment could go after the pandemic, EFG Companies welcomed a former senior executive at Cox Automotive to its leadership team on Thursday. Scott Kaskocsak, who previously was the senior director of enterprise sales for Cox Automotive, is now executive vice president of dealer services […] [Read More]

For some buy-here, pay-here operators seeking a Paycheck Protection Program (PPP) loan, their banker could have access to the program as soon as Friday. If the opportunity doesn’t arrive by the end of the week, federal officials confirmed that the program will be fully open on Tuesday. The U.S. Small Business Administration, in consultation with […] [Read More]

The Canadian Black Book Used Vehicle Retention Index was at a record high in December, beating the prior all-time high — set just a month earlier — by 0.8 points, and eclipsing the prior-figure figure by 3.1 points. That’s according to the latest Canadian Auto Market update released Tuesday by Canadian Black Book, which indicated its […] [Read More]