As dealer principals look to transition away from operating a non-controlled foreign corporation (NCFC) due to the unknown outcome of the new tax law, many have set their sights on becoming a dealer-owned warranty company (DOWC). As part of this, ... [Read More]

Dealership organizations in two states think services from Dealertrack can help their members streamline operations that happen behind the scenes of vehicle deliveries. The Louisiana Automobile Dealers Association (LADA) recently announced its exclusive endorsement of Dealertrack Registration and Title Solutions ... [Read More]

In a continued effort to provide a most compliant financing solution, Vergent Loan Management Software recently announced a partnership with Carleton for consumer loan calculation support. Vergent has been providing financial management software since 2006. Formerly eSoftware Solutions, the company ... [Read More]

The newest financing data from Edmunds and Kelley Blue Book reinforced how the newly installed chairman of the National Automobile Dealers Association didn’t mince words as the auto industry gathered for annual festivities in San Francisco. “Affordability is an issue. ... [Read More]

In light of the ongoing dialogue involving affordability, 700 Credit recently announced a collaboration with Equifax for its QuickQualify web-based platform. The provider of credit reports, compliance solutions and consumer pre-qualification products explained that QuickQualify Xpress utilizes Equifax identity data ... [Read More]

What Comerica Bank chief economist Robert Dye projected to unfold this week came to fruition as the Federal Reserve had its first opportunity of 2019 to make an interest rate adjustment. The Federal Open Market Committee decided to maintain the ... [Read More]

Anyone who has been involved with the repossession industry over the past several years knows that the world looks very different today than before the Consumer Financial Protection Bureau arrived. Most of the focus during this period has been on ... [Read More]

The newest S&P Global Ratings report indicated the U.S. auto loan asset-backed securities (ABS) market in November performed where finance companies likely expected, especially for participants within the subprime space. And when analysts extracted a trio of companies that securitize ... [Read More]

Additional products sold to buyers during the financing process along with their terms and conditions continue to create issues for servicemembers, according to the newest report from the Consumer Financial Protection Bureau. The agency’s Office of Servicemember Affairs (OSA) monitors ... [Read More]

Darwin Automotive wants finance office products to be as easy for used-vehicle buyers to purchase as their favorite items on Amazon. The F&I software provider recently announced the release of “Buy it Now” functionality as an addition to its Darwin ... [Read More]