Subaru announced plans to form a new captive finance company that will offer loans, leases and floorplan financing to U.S. and Canadian dealers. The factory will extend partnerships with Chase and Toyota to facilitate the transition. +
An AutoPayPlus survey of dealer principals finds concerns over penetration rate tracking, pay plan alignment, menu fatigue and compliance pressure. +
Shine & Drive has partnered with LodeStar RE to add an industry-first contractual liability policy to its agent- and dealer-facing car wash program. +
Users of Launcher’s appTRAKER loan origination system will have Zest AI’s credit and fraud risk models incorporated into existing underwriting workflows. +
Automotive News’s July sales report finds limited inventories have “hamstrung” U.S. Toyota dealers while competitors get a boost from strong hybrid demand. +
Edmunds reports nearly 69% of trade-ins come with an average of more than $13,000 in positive equity despite easing inventory constraints. +
Atlanta will become Group 1 Automotive’s second-largest market with the billion-dollar purchase of Hennessy’s Automobile Companies’ 10 dealerships. +
Three Federal Reserve governors voted to lower interest rates despite persistently elevated inflation in Kevin Warsh’s second meeting as chairman. +
Leaders in the F&I technology and agency segments will present an AIDAC session dedicated to the strategic deployment of new training tools. +
EPIC and RockED have partnered to offer an education and certification pathway for loan payoff, lien release and title transparency workflows. +
