The pandemic certainly reinforced the importance vehicles are to their owners, as Ally Financial highlighted in a consumer survey last fall. But while acknowledging the numbers are declining, CARFAX pointed out this week that millions of those vehicles are in operation with an open recall. CARFAX said its data shows the number of vehicles on the […] [Read More]

Quickride is a shuttle and concierge software that is meant to reduce how much time customers spend waiting at the dealership. Quickride Logistics produced the software, and two service directors founded the company. On Tuesday, the company said the software is now free for all U.S. and Canadian car dealerships to try. In about 15 […] [Read More]

Weltman, Weinberg & Reis Co. and DRN are joining forces for a free, two-part educational webinar in an effort to help the entire repossession and recovery industries prepare for what might be coming down the default pipeline this year. In the first session of this two-part, complimentary series, Weltman’s collateral recovery, compliance and collections team […] [Read More]

A Massachusetts man is scheduled to be sentenced on June 1 after being indicted by a federal grand jury in Providence, R.I., last summer for alleged participation in a wide-ranging conspiracy to defraud seven credit unions through a scheme involving used-vehicle financing. According to a news release from the Justice Department, Hiancarlos Mosquea-Ramos of Lawrence, […] [Read More]

Equifax is getting more into what you might describe as fintech farming, so to speak. On Tuesday Equifax introduced InnovationX that the company said is a new immersive experience to help fintechs, established financial institutions and other organizations accelerate innovation in today’s competitive market. Perhaps as a slight agriculture reference, Equifax described this project as […] [Read More]

US Equity Advantage (USEA) acknowledged that the current digital landscape is rampant with expanding cyber threats and cybercriminals getting smarter by the day. As a result, the biweekly installment contract payment service recapped this week how it’s taking steps to enhance its cybersecurity protections. In recent months, USEA said it has taken the following actions: […] [Read More]

Generally, Fitch Ratings has an upbeat assessment of automotive asset-backed securities performance, but the subprime segment still has firm experts concerned. Fitch Ratings said this week that auto ABS has been more resilient than initially expected through the pandemic and economic crisis, as delinquencies and loss levels over the past year have been stable to […] [Read More]

One of the biggest misconceptions is that good people leave organizations for monetary reasons.  While this may seem logical, I have come to find that this is simply not the case. One of the aspects of my business is to identify & provide talent to the automotive dealerships of Ontario.  In doing so, I have […] [Read More]

Citing research showing that children growing up in homes without books are less likely to complete a basic education, Manheim said two of its locations hosted a book drive for an organization that collects books for Houston’s at-risk children. Manheim Houston and Manheim Texas Hobby recently joined forces on a book drive to benefit Books […] [Read More]

Sale day certainly can be exciting when hundreds of units go over the block. But that enthusiasm can quickly dissipate when vehicles to your store and a shop manager does a rundown of how much reconditioning they need to be front-line ready. That’s the common scenario Black Book summarized in its latest installment of Market […] [Read More]