A new startup led by former auto retail executives has launched with the goal of decluttering the private-party vehicle sales and ownership process and making it safer. Secure Private Sales said in a news release Wednesday that it plans to “build smarter, safer, and more transparent experiences across the vehicle ownership journey,” and help solve […] [Read More]

Perhaps when someone at your dealership says, “just send it to the auction,” it potentially doesn’t have such a negative connotation now. Black Book said last week’s auction conversion rate came in at 63%, which was the highest level that analysts have seen since late April when dealers were tackling initial tariff reactions and squeezing […] [Read More]

VinFast’s newly established California dealership network is officially up and running. The Vietnamese electric vehicle manufacturer’s first authorized dealership in the Golden State, VinFast San Diego, held its grand opening event Tuesday. The event, attended by company executives, local media and consumers, included the opportunity to test drive the brand’s two flagship U.S. electric SUVs: […] [Read More]

Digital auto auction ACV has scaled up its no reserve sale to four days each week, giving buyers and sellers more opportunities to sell and source inventory in true $0 reserve auctions, the company said. The new schedule includes Tuesday, Wednesday, Thursday and Saturday sales beginning at noon ET, adding a Wednesday sale and moving […] [Read More]

Weltman, Weinberg & Reis Co., a full-service creditors’ rights law firm with more than 95 years of client service, recently announced the addition of attorney Sofia Tamimi to the firm’s Philadelphia office. The firm highlighted Tamimi brings “a unique blend of empathy, determination, and practical expertise” to her work as an attorney in the collections […] [Read More]

On Wednesday, Assurant announced an expansion of its partnership with Holman, which operates 59 dealerships across nine states. Following Holman’s acquisition of Leith Automotive Group last year, Assurant now will support 30 newly added dealership locations with F&I products, dealership sales and F&I training, and participation program guidance. “As Holman’s trusted performance development partner since […] [Read More]

DigniFi, a fintech company specializing in access to automobile repair financing, on Tuesday announced the appointment of Andrew Hill as chief credit risk officer. Hill brings over 15 years of consumer lending and artificial intelligence-driven underwriting expertise, having previously led credit transformations at Octane Lending and Above Lending. Hill joins DigniFi following his leadership role […] [Read More]

Volvo Car Financial Services U.S. is now in the business of more than just booking retail installment sales contracts and vehicle leases. On Wednesday, the captive announced the launch of Volvo Car Insurance Services, the company’s first-ever independent insurance agency in the United States. In collaboration with what the captive dubbed “industry-leading” insurance companies, Volvo […] [Read More]

Fullpath has acquired Fuse Autotech’s Dynamic Payments, a deal it said offers car dealers real-time data to improve the customer experience. Fuse’s system will be integrated into Fullpath’s artificial intelligence-powered customer data platform, the companies said, allowing dealerships to provide car shoppers with personalized and relevant offers. Fullpath CEO and co-founder Aharon Horwitz said the […] [Read More]

The Federal Reserve Bank of San Francisco devised a new way of looking at the job market to provide more clarity to the auto-finance industry and the credit space in general. The San Francisco Fed rolled out the Labor Market Stress Indicator (LMSI), which examines unemployment patterns across all 50 states and the District of […] [Read More]