Finance Office

1  -  25  of  546

January 12, 2017 - Industry News

Cox Automotive Makes Two Executive Promotions

Cox Automotive this week announced two executive promotions. Rock Anderson Jr. has been promoted to executive vice president of people strategies and John Kovac has been promoted to executive vice president and CMO.

Tags: Cox Automotive, Promotions, Vice President

January 12, 2017 - Industry News

VinSolutions Announces New Integration with Dealertrack

With the Rates & Residuals enhancement, dealerships now have the ability to structure deals for new and pre-owned vehicles by accessing incentives, rates and programs from both their captive and noncaptive lenders, all within VinSolutions. The portal, powered by Dealertrack, then returns the top retail and/or lease programs based on consumer credit scores.

Tags: Dealertrack, Desking, Digital F&I, digital retailing, VinSolutions

January 11, 2017 - Industry News

Head of Wells Fargo Dealer Services Set to Retire this Year

Wells Fargo announced this week that Dawn Martin Harp, the head of Wells Fargo Dealer Services, is set to retire this year, after more than 20 years of service.

Tags: Retirement, Wells Fargo, Wells Fargo Dealer Services

January 11, 2017 - Industry News

AutoGravity Adds First Investors to Vehicle Financing Platform

AutoGravity is adding First Investors Financial Services’ indirect business onto the AutoGravity platform, the two companies announced this week.

Tags: AutoGravity, Financing, Fintech, Technology

January 11, 2017 - Industry News

Heritage Acceptance Corp. Launches New Vehicle Service Contract

The new service contract includes roadside assistance and a higher liability limit the company claims will better protect the customer's investment.

Tags: Heritage Acceptance Corp., Marathon Administrative Co., Vehicle Service Contract

January 10, 2017 - Industry News

Black Book: Smaller Cars Back in Demand

Small cars (model-year 2008-2014) are making a comeback to open the year, and Black Book believes the segment could be in for a good spring.

Tags: Black Book, vehicle depreciation, Wholesale Pricing

January 9, 2017 - Industry News

Credit Acceptance's Founder Announces Retirement

Donald Foss, the subprime finance source's founder and chairman, has decided to retire, the company announced on Jan. 4. The company stated in its announcement that it does not plan to fill the role of chairman. In Foss' absence, Thomas Tryforos will lead the board of directors.

Tags: Board of Directors, Credit Acceptance Corp., Retirement

January 9, 2017 - Industry News

RouteOne Canada Adds CIBC Auto Financing to Finance Portal

Participating dealers who have a relationship with CIBC can now process credit applications and finance contracts through RouteOne, the company stated.

Tags: CIBC, Financing, Online, RouteOne, RouteOne Canada

January 9, 2017 - Industry News

KosLo Website Integrates NADAguides Data to Improve Consumer Experience

The online vehicle deal generation company has enhanced its site with year, make and model data from NADAguides to help further enhance the customized car-buying experience it offers consumers.

Tags: KosLo, NADA, NADAguides, Technology, Website

January 9, 2017 - Industry News

DealerDoc Offers Out-of-State Titling and Registration Solution

The solution provides correct taxes and fees for an out-of-state sale in seconds, according to the company, allowing users to prepopulate and print all state-required documents along with a detailed checklist for specific requirements in every jurisdiction.

Tags: Electronic Registration, Titling, Vehicle Sales

January 4, 2017 - Industry News

Ally Agrees to Finance up to $600 Million of Carvana's Retail Contracts

Under the terms of the agreement, Ally will provide financial arrangements to support the online retailer's operations, with an initial commitment of up to $600 million. The agreement expands Ally's existing relationship with Carvana, which also includes a floorplan credit line and vehicle sourcing through Ally's SmartAuction platform.

January 4, 2017 - Industry News

KBB: Average Transaction Price Climbs to Record High in December

The estimated average transaction price for light vehicles in the United States reached an all-time record high of $35,309 in December, according to Kelley Blue Book. This increase, the firm noted, amounted to a 1.5% increase over the same time last year.

Tags: Fiat Chrysler, Ford, Kelley Blue Book, Nissan, Transaction Prices, Vehicle Sales

December 29, 2016 - Industry News

New VSC Portal Helps Monetize Lost VSC Leads

ForeverCar, a vehicle service contract technology provider, has launched a new dealer-branded VSC sales platform designed to help dealers sell protection products on older, higher mileage vehicles. The platform is also designed to help dealers recapture 'lost' VSC opportunities from prior lead investments.

Tags: Digital F&I, Technology, VSC

December 29, 2016 - Industry News

GWC Warranty Names New Agency Channel Manager

Adam Cappucci, who spent the last three years as an inside sales rep for global engineering group Sandvik, will serve as GWC's primary liaison to automotive agents and their dealers.

Tags: Agency Channel Manager, Appointment, GWC Warranty Corporation

December 21, 2016 - Industry News

Tech Companies Offer 2017 Marketing and F&I Predictions

This year saw a slew of companies enter the automotive space looking to push vehicle sales into the Digital Age. With the New Year’s bells within earshot, several of them offered their 2017 predictions in the areas of marketing and F&I.

Tags: 2017, Drive Motors, Outsell, Predictions, Technology

December 20, 2016 - Industry News

RouteOne Targeting Digital Retailing With Acquisition of MaximTrak

MaximTrak President Jim Maxim Jr.

The deal was executed through a wholly owned subsidiary developed by RouteOne. It will operate as MaximTrak Technologies under the leadership of RouteOne CEO Justin Oesterle and MaximTrak President Jim Maxim Jr.

December 19, 2016 - Industry News

U Drive Acceptance Opens New Office in Sioux City, Iowa

Since 2013, UDAC had been sharing office space with its affiliated auto dealership, Big Deal Auto Plaza. According to Neil Evans, the company’s vice president, the finance source's higher-than-projected growth forced the moved to the new office.

Tags: Grand Opening, Loan Origination System, Subprime Financing, U Drive Acceptance Corp.

December 19, 2016 - Industry News

Carvana Partners With Two Georgia Credit Unions

In two separate announcements, Carvana today announced that it has partnered with Associated Credit Union and LGE Community Credit Union to offer their members access to certified and competitively priced vehicles through an online car-buying experience.

Tags: Carvana, Credit Unions, Online Buying

December 15, 2016 - Industry News

Subprime Car Buyers to Feel Fed's Rate Hike, Analyst Says

For the second time in 10 years, the Federal Reserve's Federal Open Market Committee unanimously voted to raise the federal interest rate on Dec. 14. The impact of the rate hike should be minimal for all but one consumer segment, a Black Book analyst says.

Tags: Federal Interest Rate, Government, Interest Rates

December 15, 2016 - Industry News

Equifax Adds Income, Employment Verification Tools

In addition to confirming basic income and employment information, dealers can now use this new verification technology to view an applicant's job tenure, officials said.

Tags: Employment Verification, Equifax, Income, Technology

December 15, 2016 - Industry News

AutoGravity Unveils Vehicle Financing App

Add AutoGravity to the growing list of firms looking to digitize the finance portion of the car-buying process. The fintech firm unveiled today a mobile app that will allow California car buyers to secure vehicle financing or a lease.

Tags: AutoGravity, Financing, Mobile Applications, Technology

December 15, 2016 - Industry News

SouthwestRe Looking to Add Agents in 2017

SouthwestRe announced plans to aggressively expand into new territories beginning in 2017. The company is now recruiting independent agents to support this effort throughout the continental United States.

Tags: Agents, F&I , SouthwestRe

December 14, 2016 - Industry News

Subprime Borrowers, Expected Interest Rate Hikes to Drive Up Delinquency Rates in 2017

Transunion projects the auto loan delinquency rate for consumers with payments 60 or more days past due to close the year at 1.4%, the highest level since year-end 2009. Even with this increase, TransUnion said delinquency rates will remain well below levels observed during the last recession.

Tags: Auto Loan Delinquency Rate, Credit, Delinquencies, TransUnion

December 14, 2016 - Industry News

EFG Companies Names Winner of 2016 Innovator of the Year Award

EFG Companies and Northwood University have named Team Vigilance the winner of their 2016 Innovator of the Year competition. The three-person team was awarded $25,000, and could see their winning product developed by EFG for market availability.

Tags: Customer Retention, EFG Companies, Innovator of the Year Award, Northwood University, Technology

December 13, 2016 - Industry News

Portfolio’s Dallas Office Named a ‘2017 Best Place to Work For in Texas'

The F&I product provider joins 100 other companies on the list. This was the first time the company entered the contest, which is designed to recognize and honor the best places of employment in Texas, benefiting the state economy, workforce and business.

Tags: F&I Product Provider, Portfolio, Reinsurance, vehicle service contracts

« Previous12345678910...2122Next »