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]

Roughly two weeks after announcing it had added used and certified pre-owned vehicles from dealers to the platform, Amazon Autos has expanded further into the used-car space. Hertz Car Sales said Wednesday it has joined the platform, a move that brings thousands of used vehicles from Hertz to Amazon Autos. Hertz Car Sales is the […] [Read More]

Vehicle affordability is like an octopus. Hard to get your arms around. Elusive. Far-reaching tentacles in every direction. And given the impact affordability (or lack thereof) is having in automotive, the topic is worth a bit of ink. “Affordability is the dominant theme at the midpoint of 2025, and it has implications across nearly every […] [Read More]

Next week is the last one of August, with the sales month closing on Saturday unless your dealership delivers vehicles on Sunday. Leads that come in during the last seven days of the month close at an 8% higher rate than those from the first week. That’s one of the main findings from Foureyes, which […] [Read More]

Sonic Automotive has acquired Jaguar Land Rover Santa Monica from Redwood Automotive, an addition the North Carolina-based dealership group said solidifies its claim as the nation’s largest Jaguar Land Rover retailer. The Santa Monica store is Sonic’s 11th JLR dealership. Sonic operates 126 franchise locations and 18 EchoPark used-car stores nationwide. “This acquisition marks another […] [Read More]

Missouri Auto Auction and opened a celebration of 25 years in business with a ribbon-cutting ceremony at the five-lane facility in Columbia, Mo., featuring founder Gregg Boswell. The Boswell family, which has owned the independent auction since it was established by Gregg and Dagmar Boswell in August of 2000, said in a news release the […] [Read More]

The Standards for Technology in Automotive Retail (STAR) on Tuesday announced the hiring of an executive director; someone who has close knowledge of the automotive IT standards organization. Leveraging a relationship with STAR that dates to its formative days, where he worked alongside staff members to develop STAR’s initial standards for automotive, the organization’s executive […] [Read More]