Experian is ramping up its efforts to curtail synthetic identity fraud as well as other threats, with one solution designed for the company to have “skin in the game.” To combat a growing threat that’s expected to drive $48 billion in annual online payment fraud losses by 2023 according to Juniper Research, Experian recently announced the […] [Read More]

Tim Sherk is the new general manager for XLerate Group’s Columbus Fair Auto Auction, and he brings more than 20 years of auto auction management experience with independent and large corporate-owned auctions. Sherk joins CFAA following the retirement of former CFAA president and general manager, Greg Levi, who will spend more time on his compliance […] [Read More]

"The Un-Adventurers" is a television series celebrating real people who leave their home state for the first time ever to embark on “journeys they’ve always dreamed of.” Creation of the four-part long-form television series took place through a partnership between Hyundai Motor America and Tastemade, which is a media company serving viewers on all major […] [Read More]

New information released by Cox Automotive and J.D. Power on Wednesday and Thursday provided further evidence that the wholesale market is continuing to rebound from the depths of coronavirus pandemic declines. Both firms disseminated data collected through the midpoint of the Memorial Day holiday weekend, showing wholesale prices and supply each getting on surer footing. […] [Read More]

Full-service transportation provider Ready Logistics has released two enhancements for clients that it says will make it easier for dealers to move vehicles from point A to point B. One enhancement is a Transportation Status Tracker on Manheim.com that can help dealers keep tabs on their vehicles. Ready Logistics enables dealers to order transport online […] [Read More]

The Japan Automobile Manufacturers Association has invested billions of dollars in the last decade toward convincing U.S. drivers to drive Japanese cars, according to insurance comparison website, Pretected.com. “And it seems like it’s paying off,” Pretected writes in a news release. Basing its information on more than 1 million drivers who were looking to insure […] [Read More]

Portfolio is looking to make the reinsurance process easier for auto, RV and powersports dealers and independent agents. The dealer participation program provider recently announced the launch of a new website at PortfolioReinsurance.com. Portfolio explained the site was designed to offer a streamlined, user-friendly experience. Among the highlights is a series of quick-reference homepage buttons. […] [Read More]

An acquisition in the F&I space first announced back in December came to a conclusion this week. Officials from iA Financial Corp., the holding company of iA Financial Group, said they have finalized the acquisition of IAS Parent Holdings Inc. and its subsidiaries through a $720 million agreement announced on Dec. 4. Based in Austin, Texas, IAS […] [Read More]

Late on Thursday, TrueCar initiated a workforce reduction impacting 219 positions, accounting for more than 30% of the organization. According to a news release, TrueCar explained the action came as a result of two circumstances impacting the company. First, the company made the move in anticipation of the termination of its partnership with USAA Federal […] [Read More]

Digital Motors and eLEND Solutions recognized how vehicle retailing is changing rapidly nowadays so they formed a strategic partnership with the intention of facilitating an integrated buying and financing experience — one that can result in buyers taking delivery in as little as an hour. The companies explained in a news release distributed this week […] [Read More]