Innovative Funding Services (IFS) has been in operation for 13 years. On Wednesday, the fintech firm specializing in auto finance changed its name. According to a news release, the company will begin operating under a new name and, effective immediately, will be known as Tresl. Company leaders explained the new name and rebranding reflect the […] [Read More]

DealerSocket’s DealerFire website and PrecisePrice digital retail platforms earned acceptance into the Genesis Dealer Website Certification Program, marking the 19th OEM certification for DealerFire. Eight months earlier, the two platforms earned acceptance into Hyundai’s Dealer Website Certification Program. With the new certifications, the DealerFire website and PrecisePrice digital retail platforms are now available to Hyundai’s […] [Read More]

An Asian automaker now is leveraging the financial technology provided by defi SOLUTIONS through a project that took less than a year to complete. According to a news release distributed on Tuesday, defi SOLUTIONS announced the live launch of its end-to-end solution for the private label Mazda Financial Services (MFS) business delivered through Toyota Motor Credit […] [Read More]

After assembling two previous classes of honorees, one of Cherokee Media Group’s industry award programs now needs crucial input from you. Continuing our series of award programs that honor the most dedicated and talented professionals from throughout the used-car industry, we are now accepting nominations for Women in Auto Finance, presented by American Recovery Service. […] [Read More]

Dealer Owned Warranty Co. (DOWC) expanded its menu of products on Tuesday, as the provider and administrator of F&I products and services introduced NitroShield, a complete tire and wheel protection product. As part one of a complete tire and wheel protection system to improve vehicle safety and efficiency, DOWC highlighted that NitroShield begins with replacing […] [Read More]

Assurant continues to be in long-term growth mode via acquisitions. On Tuesday, the firm that offers F&I products, training and other educational services announced it has acquired American Financial & Automotive Services (AFAS), a provider of F&I products and services, including vehicle service contracts, guaranteed asset protection insurance and other ancillary products sold directly through a […] [Read More]

Dasceq gathered a variety of recent data points about how collections and call-center activities have evolved during the coronavirus pandemic. The company’s vice president of sales Randy Spradlin joined senior editor Nick Zulovich for this episode of the podcast to discuss that information, as well as the most important collection trends to watch as the […] [Read More]

Michele Noblitt is retiring from her position as executive vice president of Dealers Auto Auction of the Rockies, and the company says that since she started in 1999, the auction and its stakeholders “have enjoyed the velvet-gloved service Michele and her team delivered.” The company said Noblitt’s influence was widely felt “as the little auction […] [Read More]

AutoNation says that under the best of circumstances, a cancer diagnosis can be frightening and devastating. In the midst of the COVID-19 crisis, the American Cancer Society and its partners such as AutoNation want to ensure that programs supporting cancer patients will continue through the pandemic and beyond. On Tuesday, AutoNation said it will partner […] [Read More]

The National Auto Auction Association’s safety committee is working with ADESA and Manheim to develop a “playbook” for auctions on how to safely re-open a physical sale amid COVID-19, as some restrictions begin to loosen. NAAA aims to distribute the playbook in the next seven to 10 days, chief executive officer Frank Hackett said in a […] [Read More]