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]

Alliance Inspection Management, or AiM, was founded in 2005, with a goal to “inspect the condition of new and used vehicles from bumper to bumper.” On Wednesday, the company announced it has reached a new milestone: It has sold the 600,000th vehicle through its AiM MarketConnect process. The company describes that process as a patented, web-based […] [Read More]

The National Auto Auction Association said in a message to members that it will hold its official presidential transition day on Oct. 8 in a ceremony conducted digitally. The gavel will pass, so to speak, from current NAAA president Laura Taylor to president-elect Julie Picard. The meeting will be held digitally at NAAA.com and begins […] [Read More]

Despite COVID-19 safety and travel regulations, CDK Global has completed one of its largest installations of its core dealership management system product for all Greenway Automotive Group dealerships. CDK said it completed the multi-site and multi-state installation of the DMS product, called CDK Drive, for 46 dealerships across eight states for Greenway, which serves customers in […] [Read More]

Lea Malloy, head of research and development, Cox Automotive Mobility, is the author of a whitepaper on "COVID-19 Recovery: Speed Bump or Accelerant for the EV Market?" In this episode of the Auto Remarketing Podcast, Lea chats with Auto Remarketing's Joe Overby about a wide range of electric vehicle topics, including the remarketing/used-car segment of […] [Read More]

An executive with professional experience at both a large bank and a captive finance company now is part of the team at PAR North America. On Tuesday, the business unit of KAR Global named Jeff Williams as a regional sales executive, overseeing PAR’s Central region. The company highlighted that Williams brings more than two decades […] [Read More]

Just like Ponzi schemes haven’t completely ruined the activities and benefits of investing, let’s hope this recent incident of malfeasance in connection with fraud prevention doesn’t submarine the great progress made by a host of experts and fintech firms. To recap, the incident is what Audrey Strauss called, “the proverbial fox guarding the henhouse.” Strauss, […] [Read More]