In recent years, the auto finance market has been completely reshaped by rising vehicle prices, the widespread adoption of electric vehicles and shifting consumer preferences toward flexible leasing models. Yet, despite these changes, many auto finance organizations continue to rely on legacy software designed for a different era. These outdated systems struggle to keep pace […] [Read More]

Solifi, a global fintech software partner for secured finance, on Thursday announced the appointment of Mike Cagle as its new chief financial officer. With more than 20 years of experience in financial leadership and SaaS company management, the company highlighted Cagle brings a great deal of knowledge and expertise to Solifi. As chief financial officer, […] [Read More]

MVTRAC and Recovery Industry Services Company (RISC) highlighted six benefits of their partnership designed to streamline workflows, reduce administrative overhead, and cultivate a compliant and effective network of repossession agents. Among the key automations and workflow efficiencies are: — Insurance validation: RISC’s automated systems can allow MVTRAC to quickly and accurately verify agent insurance coverage, […] [Read More]

As the organization gets set to host the North American Repossessors Summit this week in Orlando, Fla., the American Recovery Association (ARA) announced a partnership with Recovery Database Network (RDN). According to a news release, RDN vice president John Sibbitt has accepted a seat on ARA’s technology committee to more effectively coordinate their combined undertakings […] [Read More]

When it comes to leasing, it has been well documented that electric vehicles have bucked the overall industry trend in recent years: EV leases are rising, while overall leasing numbers have dropped. In fact, 31% of new EV transactions in 2023 were leases, according to Experian’s Q4 2024 State of the Automotive Finance Market report, […] [Read More]

As the tariff era begins, perhaps the two biggest concerns for the overall used-car market, now and down the road, are rising prices and the dwindling supply of off-lease cars. To which used electric vehicles say, “What, me worry?” As used wholesale prices begin to creep upward thanks to rising demand coupled with diminished supply, used EVs represent ... [Read More]

As the first quarter of 2025 ended, all was calm for used-vehicle retail prices. But, Cars Commerce reported in its Q1 2025 Auto Market Review, that might have been the calm before the storm. The report, based on data from the company’s Cars.com, Dealer Inspire and AccuTrade platforms, showed used-car list prices fell 0.9% in […] [Read More]

Dining at a restaurant. Attending a concert. Going to school. Storing your furniture and other belongings. Buying a car. These are activities that have traditionally been, and still largely are, done in person. But digitization has improved some of the processes around these events, leading to more enjoyable, or at least easier, experiences. That improvement-by-digitization has been a common thread in the career of Matthew Crawford, who has been chief product and innovation officer at Cars Commerce since January 2022 ... [Read More]

Rental car giant Hertz has partnered with UVeye to use its artificial intelligence-powered automated vehicle inspection technology at its airport locations. UVeye said Hertz said the partnership is designed to “upgrade the way it checks vehicles between rentals” by using the drive-through AI system rather than relying entirely on manual inspections. The new system will […] [Read More]

The people have spoken. And what they’ve said to Kelley Blue Book is, “We love Honda.” Honda dominated KBB’s 2025 Consumer Choice Awards, nearly sweeping the non-luxury categories with five wins, including Best Overall Brand. The Japanese automaker was also named the Most Trusted Brand, the Best Value Brand, the Best In-Vehicle Experience Brand and even […] [Read More]