Tricolor is more than just retailing vehicles in the Hispanic market nowadays. Last week, Tricolor announced a $212 million social bond — what the company claims is the first ever in the United States collateralized by consumer auto asset backed ... [Read More]

Advanced Business Computers of America (ABCoA) recently rolled out its latest software solution for dealerships and subprime auto finance companies. ABCoA added a proprietary funding portal to its ecosystem within cyclCRM, a customer relationship management solution built specifically for the ... [Read More]

Buckeye Dealership Consulting welcomed its newest teammate this week. The provider of reinsurance services, education and consulting, and performance groups for independent dealers named Stephen Carter as a new sales representative. Buckeye said through a news release that Carter will ... [Read More]

An executive who spent more than 10 years at AmeriCredit and GM Financial now is part of the executive team at Agora Data. The company that offers crowdsourced securitizations, reducing interest rate lines of credit and a technology platform supplying ... [Read More]

America’s Car-Mart not only is in the buy-here, pay-here business. The company with more than 150 dealerships in 12 states now is in the securitization market, too. On Monday, Car-Mart announced pricing of its inaugural asset-backed securitization transaction. The company ... [Read More]

National Lenders General Agency entered the reinsurance space last month with president Ken Terkel and executive vice president and chief operating officer Eric Hurst leading the company charge. This week, Terkel and Hurst expanded their executive team with the addition ... [Read More]

Agora Data announced this week that it is continuing as a National Corporate Partner of the National Independent Automobile Dealers Association (NIADA). The company, whose suite of resources empowers independent dealers and finance companies to finance more non-prime customers, plans ... [Read More]

Byrider recently inducted two more operators into its Hall of Fame, which recognizes contributions to the growth and culture of the buy-here, pay-here dealership chain. Bringing the Byrider Hall of Fame to 18 members, the newest inductees are Winston Sleeth ... [Read More]

Just like fuel prices and the costs of many other goods and services, the volume of bankruptcy filings jumped significantly to finish the first quarter. According to data provided by Epiq Bankruptcy, filings in March increased … [Read More]

Along with adding a new staff member in charge of dealer education, the National Independent Automobile Dealers Association also selected its newest Gold-level National Corporate Partner. According to a news release distributed this week, that partner is National Lenders General ... [Read More]