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SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here

Newest financing pushes Tekion valuation above $1 billion

tekion for web
Auto Fin Journal Staff
Fueled by its Series C financing round of $150 million, Tekion recently announced its valuation now stands at more than $1 billion. And with an array of automakers and major dealership groups in the mix, the cloud technology company and ... [Read More]

BMW Group Financial Services taps Yellowbrick to enhance analytics

BMW image for web
Auto Fin Journal Staff
BMW Group Financial Services made a move this week to shore up its technological capabilities to serve its automobile and motorcycle retailers. Hybrid cloud data warehouse company Yellowbrick Data announced it has been selected by BMW Group Financial Services to ... [Read More]

Constant claims 2020 AI TechAward for loss mitigation tool

AI Tech Awards for web
Auto Fin Journal Staff
Constant has a reason to cheer this week. The fintech and automated loss mitigation provider received a 2020 AI TechAward, which celebrates technical innovation, adoption and reception in the artificial intelligence, machine learning and data science industries as well as ... [Read More]

Inovatec rebrands lending technology platform

inovatec screen shot with border for web
Auto Fin Journal Staff
This week, Inovatec Systems Corp. rebranded one of the key segments of its cloud-based software solutions for financial institutions. Inovatec announced its Compass Lending Platform has been rebranded under the JAVELIN name. Under the JAVELIN moniker, the products now include: ... [Read More]

COMMENTARY: Winning insights for electric-vehicle financing

genpact electric vehicles for web
Rohan de Souza and Amaresh Tripathy, Genpact
Formula E has lessons for auto-finance companies as they transform. In Formula E, the world’s first fully electric, international racing championship, data is helping drivers win races. For our partner, Envision Virgin Racing, a founding Formula E team, it’s crucial ... [Read More]

OCC hands USAA $85M penalty involving compliance risk management

OCC building picture
Auto Fin Journal Staff
Earlier this week, the Office of the Comptroller of the Currency assessed a $85 million civil money penalty against USAA Federal Savings Bank. According to a news release, the OCC took this action based on the bank’s failure to implement ... [Read More]

BBVA USA rolls out secured term loan discounts on fuel-efficient commercial vehicles

EV charging 750610873
Auto Fin Journal Staff
Companies that build commercial fleets with the most efficient vehicles available and financed by BBVA USA now can save in another way. The Sunbelt-based financial institution on Thursday unveiled its second product geared toward environmental sustainability, announcing a rate discount ... [Read More]

Ally honors Johnson with special ‘signature’ paint scheme

Ally jimmie johnson hood
Auto Fin Journal Staff
Ally Financial certainly is familiar with getting signatures for retail installment contracts. The company used its knowledge of that process to honor one of the best race car drivers ever. As seven-time NASCAR champion Jimmie Johnson concludes his final full-time ... [Read More]

5 industry leaders join advisory board of startup Carsfast

carsfast new image for web
Auto Fin Journal Staff
Tech startup Carsfast is positioning itself as a contactless and digital service to help consumers buy and finance their next vehicle. To provide strategic guidance and a progressive growth strategy, Carsfast on Tuesday announced the formation of its advisory board; ... [Read More]

Affordability & online tools top 8 key findings in latest TrueCar shopper survey

online car shopping
Auto Fin Journal Staff
With a dealership offering tools for online payments, trade-in and financing still being greatly wanted by consumers, TrueCar’s latest shopper study also growing concern about individuals being able to afford their purchase. On Monday, TrueCar released the fifth wave of ... [Read More]

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