While the coronavirus pandemic has created plenty of headaches for dealerships, the ramifications appear to be creating at least one opportunity for store F&I departments. Sales of vehicle service contracts post-sale first spiked in March and then again in April and May as dealers slashed marketing budgets and shifted focus to existing customers, according to […] [Read More]

Dallas-based Dasceq, a firm that specializes accounts receivables and collections by leveraging artificial intelligence and other technologies was selected as one of the 10 companies selected on Tuesday to participate in the 2020 FIS Fintech Accelerator program, which is orchestrated by FIS and The Venture Center. In its fifth year, officials highlighted the FIS Fintech […] [Read More]

No doubt vehicle shoppers are scouring dealership inventory more than ever nowadays. V12, a provider of purchase intent insight and marketing services, wants all segments of the automotive industry to gain more insight about that online activity — even down to the brand and model level. This week, the firm launched V12 Signals Online for Automotive, […] [Read More]

AutoNation has been pleased with how DigniFi helps customers in its service drive who might be stretched financially but still need their vehicles repaired. And evidently, the investment world likes what it sees from the financing platform for auto repairs and services. On Tuesday, DigniFi announced that it has raised $14 million in Series A […] [Read More]

The Consumer Financial Protection Bureau is venturing into the fintech space with its newest project, acknowledging many federal consumer financial laws were written prior to the digital age This week, the bureau announced the Tech Sprint series that aims to reduce regulatory burden and improve consumer understanding and engagement of financial services and products. The […] [Read More]

RISC said it understands the COVID-19 pandemic continues to keep the collateral recovery industry from getting back to any kind of normalcy. In light of the challenges that repossession agencies are going through, RISC recently decided to extend its fee waiver for RISC Pro Membership, including CARS Certification Training for the fourth straight month. The […] [Read More]

With the new July 15 federal tax filing deadline fast approaching, the 2020 tax season has been anything but typical. This has added yet another disruptive layer to the developments that have buffeted the used auto market across the country. Billions of undistributed dollars remain on the IRS balance sheet, throwing into flux our ability […] [Read More]

Supplies and incentives are running a bit short in the new-car market. And for cost-conscious shoppers, certified pre-owned may prove to be an attractive alternative, according to an analysis from Edmunds. When June started, new-vehicle inventory levels were only two-thirds of what they were a year ago, Edmunds said, thanks to the impact of factory […] [Read More]

Two members of the Dealers Auto Auction Group are expanding, including one auction that is building a brand-new facility. The group announced that Dealers Auto Auction of Memphis is building an all-new, six-lane facility on 100 acres in Eads, Tenn., while Dealers Auto Auction of Mobile is adding more acreage, offices and lanes to its […] [Read More]

Two well-known names within the used-vehicle space — Mike Stanton and Tim West — each recently were given industry accolades for their service. West received the Ed Bobit Industry Icon Award, and the National Auto Auction Association named Stanton as its newest Warren Young Fellow. For West, Black Book’s longtime vice president of North American […] [Read More]