Tricolor is continuing to leverage securitizations to have the resources it needs to specialize in the Hispanic and other underserved markets and operate 65 retail centers within 22 cities in Texas, California, Nevada, Arizona, New Mexico, and Illinois. This week, Tricolor announced a $217 million issuance, as Barclays acted as the lead structuring agent with […] [Read More]

Perhaps finance companies are acknowledging that they’re going to have to absorb a bit more risk to keep origination objectives within reach. Cox Automotive reported this week that the May Dealertrack Credit Availability Index showed a modest improvement in auto credit access across several key metrics, including the subprime segment. Analysts indicated the index rose […] [Read More]

In a market still shaking off pandemic distortions and absorbing the economic uncertainty of new tariffs, certified pre-owned vehicles are again quietly emerging as an important strategic play for both automakers and their dealers. In light of current conditions — and perhaps because of them — the math adds up in favor of broader use […] [Read More]

The short history of Arra Finance already includes some of the most significant moments a new operation can have. The company specializing in subprime auto financing launched in spring 2022, then last summer gained new ownership with an asset management firm boasting lots of financial horsepower. And now it’s poised to make an acquisition, as […] [Read More]

Dealership sales and service enablement software platform TradePending announced a strategic partnership with automotive data management platform Authenticom to integrate Authenticom’s data syndication with TradePending’s Value Watch product. The collaboration is designed to automate the enrollment of sold and serviced vehicle customer data into Value Watch to set up consistent communication with customers throughout the […] [Read More]

TSD Mobility Solutions has teamed with insurance verification technology provider Canopy Connect in a partnership designed to create an efficient and reliable way to verify renters’ provided car insurance information. TSD Mobility, a provider of fleet management software for rental car companies and dealerships, was acquired by Reynolds and Reynolds last summer. Canopy Connect founder […] [Read More]

Electric vehicles are one of two outliers when it comes to used-car price patterns, as their prices continue to fall amid growth in the overall pre-owned vehicle market the last three months. But the declines in used EV values appear to be approaching a plateau, according to an iSeeCars.com analysis, indicating that supply and demand […] [Read More]

Maybe things can really settle down in the wholesale market. The day after Black Book shared its newest installment of Market Insights, President Trump said on Wednesday via social media, “Our deal with China is done, subject to final approval with President Xi and me.” Perhaps the auction world also sensed an agreement involving tariffs […] [Read More]

One of the former Larry H. Miller dealerships has changed hands again. Asbury Automotive Group has sold Larry H. Miller Toyota Corona in Corona, Calif., and its related real estate and business operations to Mike Hong and Jerry Heuer, according to The Presidio Group, which represented Asbury in the transaction. The dealership is one of […] [Read More]

Quarterly updates have shown consumers are struggling to maintain their monthly payments for auto financing and other credit products. So, Repay Holdings Corp. is making sure that its vertically integrated payment solutions perform well, thus announcing new enhancements to the company’s integration with MeridianLink. REPAY’s payment technology now enables credit unions and banks in MeridianLink’s […] [Read More]