A firm highlighted among the Special Finance 175 — McGlinchey Stafford — recently announced that 19 attorneys and eight of its practice areas have been recognized in the 2020 edition of Chambers USA – America’s Leading Lawyers for Business. Each McGlinchey practice area maintained its 2019 ranking, and the firm added two “band-ranked” attorneys in […] [Read More]

Westlake Financial is deepening its presence in vehicle leasing, expanding upon that market segment it entered via an acquisition three years ago. This week, Westlake rolled out its own lease program with franchised dealers in California and Arizona while looking to move into more markets throughout the rest of 2020. The company said franchised dealers […] [Read More]

The interaction with dealerships and finance companies is likely intense as ever, especially considering how much happens online nowadays because of the coronavirus pandemic. How have dealership needs of finance companies adjusted? How have what finance companies need from dealers changed? Dealertrack lender solutions strategist Andy Mayers addressed those topics and more during this episode […] [Read More]

Though with gains not as strong as those from earlier in the month, August closed on a high note for the used-car operations of franchised dealers, as their pre-owned the last full week of the month beat pre-virus forecasts by 1%. That’s according to the latest Auto Industry Impact Report from J.D. Power, which showed […] [Read More]

Automotive industry veteran Paul Edmonds has joined digital sales platform Digital Motors as vice president of customer success, leading the company’s sales and service teams. Edmonds’ more than 15 years of digital dealer operations and software sales experience include leadership roles at TrueCar, Autotrader/Kelley Blue Book and Cox Automotive. Digital Motors, which operates a software-as-a-service […] [Read More]

Dealers know they have millions worth of equipment and inventory at their facility, requiring complex insurance to protect them. Risk Point Underwriters hired a new executive on Thursday to ensure its products and services meet store demands. The company that offers programs for dealer open lot and garage package for franchised auto, motorcycle, RV and […] [Read More]

A total of 40 female students across the United States looking to begin a career in the vehicle-repair industry have received more than $100,000 in scholarship funding and starter tool sets this year from Women in Auto Care, a community of the Auto Care Association. Association officials highlighted this week that what began as a […] [Read More]

The all-digital Women & Automotive Canadian Leadership Forum is set for Oct. 5-7. Here’s a look at how the agenda is set up for that week. Monday, Oct. 5: Live sessions 11 a.m. (ET) – Conference welcome 11:15 a.m. – Retail Trends that the Automotive Industry Needs to Embrace SPEAKER: Carol Deacon, COO, Pfaff Automotive 11:45 […] [Read More]

Well, here comes another automotive industry statistic establishing an all-time reading during the coronavirus pandemic. Findings from Experian’s Q2 2020 State of the Automotive Finance Market report release on Thursday morning indicated that the amount of financing originated during the second quarter that fell into subprime represented an all-time low. Analysts determined just 22.18% of […] [Read More]

This week, Agora Data launched a financing solution that chief executive officer Steve Burke said places buy-here, pay-here operators “on the same playing field as the large dealer groups.” Burke explained that through AgoraCapital, BHPH dealers will have access to low-cost financing through the capital markets. He said this pioneering approach is another way Agora […] [Read More]