AuSM Staff

Bank of America is enhancing its mobile offerings in an effort to boost originations with its participating dealerships. On Monday, bank officials highlighted that they launched new capabilities for mobile clients to complete the auto financing process with the company while searching for a vehicle from dealerships... Read More

When will off-lease reprieve happen?

Joe Overby, Senior Editor

The wave of off-lease vehicles volume is at its “high tide,” according to Scotiabank, which says lease return numbers — and their subsequent impact to used-car prices — should begin to calm down. The peak in leasing growth was in 2013-14, the company said in its latest Global Auto Report. Lease... Read More

AuSM Staff

To help dealers generate interest in F&I protection, RoadVantage said it has released a new series of free point-of-sale product videos which inform customers about F&I protection when they purchase a vehicle. Like an audiovisual product brochure, the videos are short and product-specific, according to the... Read More

AuSM Staff

As American Recovery Service (ARS) and Digital Recognition Network (DRN) highlighted the fruits of its ongoing partnership, DigitalDog Auto Recovery recently announced Jason Stephens has rejoined the California repossession, locksmithing and transportation firm to further develop their growing footprint in the... Read More

AuSM Staff

Along with some insight regarding behavior of new college graduates, Swapalease.com on Monday reported credit applicants for vehicle lease transfers dropped in April on both a sequential and year-over-year basis. However, the downward movements didn’t surprise site officials. The site indicated applications coming... Read More

AuSM Staff

For auto finance providers still unsure about the value of its vehicle location data, Digital Recognition Network (DRN) highlighted the experience of just a single client — Philadelphia Federal Credit Union (PFCU). PFCU is an early adopter of DRN’s enterprise subscription for auto finance, DRNsights. Here is... Read More

Asbury names new CFO

AuSM Staff

Asbury Automotive Group named its new chief financial officer late Friday afternoon. Chosen for the role of senior vice president and CFO is Sean Goodman, who comes to Asbury from Unifi, a company in the textile industry. He will join Asbury on July 5, replacing Keith Style, who was set to step down on March... Read More

CRIF Lending Solutions partners with Carvana

AuSM Staff

On Wednesday, CRIF Lending Solutions announced a partnership to integrate Carvana’s online automotive retail platform with its ACTion and SAIL loan origination systems. CRIF said its new collaborative effort aims to help financial institutions effectively reach pre-approved customers or members for direct auto... Read More

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