During the annual Northwood University Dealer Education Awards breakfast in conjunction with NADA Show 2019 in San Francisco, the Association of Finance & Insurance Professionals (AFIP) awarded the Jakob Murray Lange Memorial scholarship. AFIP executive vice president of operations Shannon ... [Read More]

GSFSGroup has a new leader. The provider of F&I products, training, dealer development and reinsurance structures to the automotive industry named Guy Koenig as president in a move that was effective on Feb. 27. Throughout his professional career, GSFSGroup highlighted ... [Read More]

Our series of episodes originating from the Vehicle Finance Conference hosted by the American Financial Services Association continues with a conversation including Craig Stokum, who is director of sales in automotive for ID Analytics. Nick asked ID Analytics about alternative ... [Read More]

Experian’s Q4 2018 State of the Automotive Finance Market report showed that seven states closed this past year with 60-day delinquency rates of at least 1 percent. Overall, analysts pinpointed the 60-day delinquency rate at 0.78 percent in Q4, which ... [Read More]

The Federal Trade Commission on Tuesday said it is seeking comment on proposed amendments to two rules that protect the privacy and security of customer information held by financial institutions. In separate notices to be published in the Federal Register ... [Read More]

More consolidation in the recovery space arrived late on Tuesday as Automotive Intelligence Council member MBSi Corp. increased its collection of resources. The provider of compliance-enabled repossession assignment management software and vendor management software announced the acquisition of My Recovery ... [Read More]

An F&I provider that’s been in business for more than 30 years has new ownership. Kingsway Financial Services on Tuesday announced it has closed on its acquisition of Geminus Holding Co., a specialty, full-service provider of vehicle service contracts and other ... [Read More]

According to Protective Asset Protection, experts estimated that dealerships leveraging a dealer-owned warranty company structure to sell F&I products are seeing a 20-percent lift in profits on average for F&I sales. Protective Asset Protection has focused on this topic significantly ... [Read More]

ACC Consumer Finance, a specialized indirect auto finance company, recently announced that it has selected Servicing Solutions as its primary servicer.  As a result of this agreement, Servicing Solutions will support ACC’s ride-hailing finance offering.  ACC Consumer Finance offers a ... [Read More]

Two trends emerged when experts from Cox Automotive, Edmunds and Kelley Blue Book took an initial look at auto data from February — rising new-vehicle costs and spiking interest rates. Kelley Blue Book noticed the average transaction prices for new models ... [Read More]