Carvana is bringing more magic to Orlando. Well, maybe not magic, per se, but it is bringing additional vehicle reconditioning capacity, more same-day delivery options and about 100 new jobs to its existing ADESA auction in the area. The online used-car retailer said Tuesday it is adding Inspection and Reconditioning Center capabilities to the ADESA […] [Read More]

In September 2023, I wrote a LinkedIn article titled “How Artificial Intelligence Could Improve Vehicle Remarketing & Evaluations & Reduce Overall Portfolio Risks” (click here to read it). I’m revisiting parts of it here because the ideas are even more relevant today than when I wrote them, even if we aren’t as close to that […] [Read More]

Here’s why understanding the buyer’s perspective can make a dealership transaction more successful. Reflecting on the many M&A transactions I have had the privilege of leading to successful closing, I have learned that what initially appears to be an immovable point of contention is not always as consequential as it seems. What one party considers […] [Read More]

VINchex announced on Tuesday that its lien verification data is available to Loanbridge customers. Through the partnership, Loanbridge users can verify a vehicle’s current lien status in the same system they already use to monitor their portfolios, track vehicle events, and pull vehicle history. Loanbridge strives to give lenders, asset holders, and recovery professionals continuous […] [Read More]

Continuing the positive momentum cultivated for much of the year, Recovery Industry Services Co. (RISC) recently announced that Flying A has joined its network of forwarder partners for vehicle repossessions. RISC highlighted the agreement brings independent vendor vetting, site inspections, background checks, and education certification to Flying A’s existing compliance program. Under the agreement, RISC […] [Read More]

RouteOne and Alfa continue to forge a closer bond to benefit dealerships and lenders. On Wednesday, the companies announced that Alfa has achieved certification for RouteOne’s The Digital Deal eContracting and Credit Application Lease integrations. RouteOne and Alfa highlighted the certifications build on the companies’ existing integration and broaden the functionality available to auto-finance providers […] [Read More]

Pete MacInnis, eLEND Solutions CEO and founder, is doing plenty of homework before his appearance at Used Car Week, which begins on Nov. 16 in San Diego. MacInnis is generating real-world data for his presentation titled, “Can Machine Learning Fix the Payment Accuracy Gap?” And part of process is a survey that also gives the […] [Read More]

Ridero, a technology platform building infrastructure for vehicle leasing and residual-based financing, on Monday announced a strategic partnership with AFG to expand residual-based vehicle financing across new and used vehicles. According to a news release, the partnership combines AFG’s lender programs, residual expertise and residual value guarantees with Ridero’s integrated technology and dealer network across […] [Read More]

The newest Experian product puts a technology spin on the old saying, “Cash is king.” On Tuesday, the company launched Experian Cashflow Data Bureau, which is a new consumer reporting agency (CRA) that operates under the Fair Credit Reporting Act (FCRA). Experian highlighted the solution can enabled financial institutions to leverage consumer-permissioned cash flow insights […] [Read More]

In August 2024, Asbury Automotive Group rejected “false and unfounded” allegations by the Federal Trade Commission (FTC) of “payment packing” at three of its dealerships in the Dallas-Fort Worth area. On Monday, the FTC dismissed the complaint that sought permanent injunctive relief. Through its order, the FTC explained how Asbury’s defense strategy resulted in Monday’s […] [Read More]