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This Month's Focus

Turbocharged Finance
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Arvest Bank sees early successes with FICO Auto Score 10
Arvest Bank — a regional, full-service lender with more than 200 locations throughout Arkansas, Oklahoma, Kansas and Missouri — recently upgraded to FICO Auto Score 10 in a move to give the institution a more precise view of borrower risk ... Read More
dealership employee COMMENTARY: The secret to accelerating funding in indirect auto lending
In the early 2000s, I sat at a dealership finance desk with a calculator, a stack of pay stubs, and a phone that wouldn’t stop ringing. I gathered stips by hand, calculated income line by line, and verified insurance, hoping ... Read More
Mercedes-Benz USA approves NETSOL as a digital retail provider for its dealerships
NETSOL Technologies recently highlighted Mercedes-Benz USA has approved NETSOL as a digital retail provider for Mercedes-Benz dealerships. This move opens the brand’s dealer network to Transcend Retail, NETSOL’s digital retail platform. The platform gives buyers a single, continuous purchase experience, ... Read More
SPONSORED EPISODE: Prospects for more auto refinancing with Gravity Lending
In this special sponsored episode of the Auto Remarketing Podcast brought to you by Allied Solutions, we turn our attention to auto refinancing. Brad Paxman oversees 90 lender relationships for Gravity Lending, which is an auto refinance and fintech company ... Listen Here
Used Car Week Hall of Fame: Bob McConkey of McConkey Auction Group
Next up on our series featuring the 2026 Used Car Week Hall of Fame honorees is a conversation with Bob McConkey, president and CEO of the McConkey Auction Group. McConkey, along with MAG chief operating officer David Pendergraft and DAA ... Listen Here
SPONSORED EPISODE: What independent dealers need to be successful with Chris Vangellow of Frazer
In this special sponsored episode of the Auto Remarketing Podcast, Chris Vangellow, who is the Director of Product Management at Frazer, described what’s changed most about running an independent dealership over the past few years, especially from a technology perspective. ... Listen Here

With latest financing round, Jerry gains $450M valuation

jerry for web
Auto Fin Journal Staff
In less than a year, car-ownership app Jerry forged an investment path to value the company at $450 million. The latest stop on the journey happened on Tuesday when Jerry announced the completion of a $75 million Series C funding ... [Read More]

Champ Titles raises another $8.5M for growth & expansion

champ titles for web
Auto Fin Journal Staff
Sometimes, one of the most challenging parts of vehicles changing ownership is completing the title work. Champ Titles is trying to smooth that process and now has more financial resources to do so. On Wednesday, the technology company that looking ... [Read More]

Minnesota independent dealer group leveraging AI to increase vehicle deliveries

artificial intelligence
Auto Fin Journal Staff
Drive Appeal, an independent dealership group with five rooftops in Minnesota, is turning to artificial intelligence to boost its underwriting and enhance vehicle deliveries. According to a news release, Drive Appeal (formerly AC Motors), recently selected AI-powered platform Scienaptic AI ... [Read More]

Now as CEO of iLendingDIRECT, Holgate sees more opportunity for auto refinancing

tom holgate for web
Nick Zulovich, Senior Editor
Now as the newly installed chief executive officer of iLendingDIRECT, Tom Holgate is looking for the company fueled by resources from private investment firm J.C. Flowers & Co. to continue to leverage the refinancing marketplace aided by strong used-vehicle prices. ... [Read More]

Carputty secures $7.2M in funding to ‘rewrite industry rules’ of auto financing

carputty execs for web
Auto Fin Journal Staff
Startup Carputty wants to “rewrite industry rules” when it comes to auto financing. The firm now has more than $7 million in funding to get that process in motion. On Friday, Carputty announced it has raised $7.2 million in a ... [Read More]

MotoRefi lands another $5M in funding & path to credit unions

application
Auto Fin Journal Staff
MotoRefi not only secured more funding, the fintech startup that helps consumers refinance their installment contract also gained an important pathway into the credit union market. On Wednesday, MotoRefi announced a $5 million investment from Curql Fund. With the investment, ... [Read More]

TrueCar & AutoFi collaborate for ‘easy and seamless’ financing options

mobile car shopping
Auto Fin Journal Staff
The past two weeks have been quite eventful for AutoFi. After finalizing a relationship with Santander Consumer USA, the platform for end-to-end digital automotive sales and financing announced it has teamed up with TrueCar to provide customers with an “easy ... [Read More]

2021 Women in Auto Finance honorees

WiAF21_CheckOutNominees_880x495
Auto Fin Journal Staff
On Wednesday, Cherokee Media Group proudly announced this year’s honorees for Women in Auto Finance, an awards program presented by American Recovery Service (ARS). The highest total of nominations for the 3-year-old honors initiative arrived this year as women who ... [Read More]

Nominations open for 2021 Auto Finance Innovators Award: Top 100

Lightico award screenshot for web
Auto Fin Journal Staff
Nominations are now open for the 2021 Auto Finance Innovators Award: Top 100, aimed at recognizing auto finance professionals that have made significant technological contributions to their company and the industry. The awards, sponsored by Lightico and Auto Fin Journal, ... [Read More]

Bain identifies four paths for dynamic digital transformation

fintech investment
Auto Fin Journal Staff
Bain & Co. pointed out that companies have typically prioritized the speed at which they implement digital transformations across their organizations to combat digital disruption. However, Bain experts said these promising digital transformation initiatives often lose momentum and fail to ... [Read More]

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