Experian determined that 40.45% of used vehicles retailed during the third quarter of last year included financing. To make sure that potential buyers who might fall into that category have plenty of options, CarMax on Tuesday nationally launched pre-qualification capability ... [Read More]

Perhaps reflecting what Polly discovered about car insurance availability at dealerships, EchoPark made a move in that space on Tuesday. The Sonic Automotive division focused on retailing used vehicles announced a long-term partnership with Matic, a leading digital insurtech platform, to ... [Read More]

Securrency, a developer of institutional-grade, blockchain-based financial and regulatory technology, recently announced Nadine Chakar joind the company and assumed the role of chief executive officer. The company highlighted Chakar’s leadership will combine her deep financial services, technology and market experience ... [Read More]

Ahead of Martin Luther King Day, Mendoza Ventures said it has closed its third fund. The female- and Latinx-founded fintech, artificial intelligence and cybersecurity venture capital firm landed a $100 million fund that Mendoza Ventures said it will invest in ... [Read More]

Here’s more evidence of why the “I” in your dealership F&I department could be more important than ever. Polly released an in-depth study Thursday focused on shopper expectations about insurance. The embedded insurance marketplace for automotive retail found 72% of ... [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from Used Car Week in November. Our next special episode features a panel discussion from Auto Fin ... [Read More]

On Monday, S&P Global announced the acquisition of TruSight Solutions, a provider of third-party vendor risk assessments. Executives highlighted through a news release that the acquisition will combine with KY3P by S&P Global and integrate into the Market Intelligence division. ... [Read More]

In effort to boost auto financing and other services for members, Kentucky-based L&N Federal Credit Union selected Jack Henry’s Symitar platform to support its growth goals. Jack Henry said through a news release that the credit union recognized the need ... [Read More]

Alloy released a survey report on Monday indicating that 27% of respondents involved in financial services lost more than $1 million to fraud during the past 12 months. The identity decisioning platform said 70% of respondents reported losing more than ... [Read More]

As automobiles have become more technically connected to the world, the news is filled with apocryphal warnings about virtual carjackers — or maybe car-hackers is a better term. While there are also real issues with new vehicles and cyber security, ... [Read More]