Amid the crisis, the National Independent Automobile Dealers Association reinforced its stable of partners this week. According to an announcement from NIADA, PrimaLend Capital Partners, a Dallas-based commercial lender, has teamed with the association as a new Bronze-level National Corporate Partner. PrimaLend provides revolving lines of credit and inventory floorplans to independent auto dealers nationwide. […] [Read More]

For car dealers looking to reach consumers during COVID-19, social media advertising may be the best way to get their message across. In fact, PureCars advised in a report released Friday that “at an aggressive budget shift from search to social is an area of opportunity for most dealers,” as consumers are spending more time […] [Read More]

Kelley Blue Book says Subaru “continues to grow from strength to strength.” The automaker over the past couple of years added a new model, the three-row Ascent SUV, and has established a reputation for brand-specific features like all-wheel drive and safety features such as EyeSight drivers’ assists. Because of all of that, Subaru won the […] [Read More]

Helping auto dealers overcome the challenges of the COVID-19 pandemic, CarOffer has introduced a new feature to bring automation and efficiency to marketing and selling vehicles. That brings increased productivity to stores that might be closed or to dealerships working with limited staff. CarOffer, a wholesale vehicle trade platform, said it is offering the new […] [Read More]

The coronavirus pandemic might be paralyzing many segments of the economy, but a fintech industry acquisition still surfaced this week worth more than $1 billion. On Tuesday, online personal finance company SoFi announced it has signed a definitive agreement to acquire Galileo Financial Technologies, a financial services, API and payments platform. SoFi said it will […] [Read More]

About a week after reinforcing its floor-plan capabilities, Vroom also bolstered its ability to originate financing for its online retailing operation. On Wednesday, Vroom announced a multi-year strategic preferred financing relationship with Santander Consumer USA. The company highlighted the partnership is designed to enhance Vroom’s customer experience through a streamlined financing process and competitive rates. […] [Read More]

Repossessions and recoveries might be slowing because of the coronavirus pandemic, but Resolvion is still enhancing its services to help auto-finance companies. This week, the skip-tracing and repossession management company announced the availability of a new service designed to help finance companies manage the flood of deferral/modification requests and, at the same time, better manage […] [Read More]

In renewing a pledge that includes $150,000 in scholarship funding for the Fueling Careers Scholarship Program in support of the National Association of Minority Automobile Dealers, CDK Global says it and NAMAD are helping to develop minority talent for the next generation. CDK Global, a retail automotive technology company, renewed the three-year pledge toward the […] [Read More]

TCN is looking to give firms equipment they need to stay operational as many of their employees work from home or other remote locations. The provider of cloud contact center technology for enterprises, contact centers and collection agencies worldwide, recently announced the company is offering complimentary outbound communication tools to all current customers and non-customers. […] [Read More]

According to a post on the company’s LinkedIn page, Byrider recently named a new chief marketing officer. The buy-here, pay-here franchise company with more than 160 locations recently welcomed Walter Scott, who most recently held an executive role at Advance Auto Parts. The post indicated that Scott spent 10 years with Advance Auto Parts, including […] [Read More]