Wholesale prices dropped another 0.56% last week, according to Black Book’s newest installment of Market Insights. “Depreciation accelerated last week across nearly every vehicle segment,” analysts said. “However, due to the strength of this year’s spring market, current pricing remains above levels seen at the start of the year.” Black Book also reported last week’s […] [Read More]

Some major restructuring is underway in RB Global’s leadership. The parent company of IAA, Ritchie Bros. Auctioneers and 12 other brands announced additions, retirements and shifting roles among some of its top executives in changes set to take effect Sept. 1. The moves are designed to “position the company for accelerated and consistent growth,” RB […] [Read More]

Banks didn’t make many adjustments in the auto-finance department during the second quarter. The auto-loan portion of the July Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) generated by the Federal Reserve showed high percentages of participants keeping strategy intact during the reporting period when asked about elements such as maximum maturity and […] [Read More]

Algebrik AI continued to forge relationships with fellow technology firms involved with auto financing, as this week the company announced a relationship with Open Lending Corp. The newest collaboration aims to strengthen auto loan decisioning capabilities within Algebrik’s cloud-native, AI-powered loan origination platform (LOS) — part of the Algebrik One lending suite — enabling credit […] [Read More]

The activity of consumers shopping for auto insurance has been just as intense as individuals’ efforts to find their next vehicle or affordable financing. According to new TransUnion research released this week, auto insurance shopping during the second quarter increased 18% compared to the same period in 2024. Looking at the first half of 2025, […] [Read More]

Hudson Cook added to its stable to legal experts last week, announcing that Francesca Gross has joined the firm as an associate in its Washington, D.C. office, focusing on litigation, regulatory compliance, and government investigations. Hudson Cook highlighted Gross brings a strong foundation in federal practice and administrative law. She most recently served as an […] [Read More]

MeridianLink is going to be a private company. The provider of modern software platforms for financial institutions and consumer reporting agencies announced on Monday that it has entered into a definitive agreement to be acquired by funds advised by affiliates of Centerbridge Partners, a global investment firm with deep experience investing in financial services and […] [Read More]

When Honda ran afoul of California’s privacy laws in March, it not only sparked the automaker to make rapid improvements into how it protects its customers’ data, it got Privacy4Cars wondering about what the privacy user experience of the industry as a whole looks like. Well, according to Privacy4Cars’ research, not very good. The privacy […] [Read More]

Cars Commerce’s wholesale-related business units — Accu-Trade and DealerClub — are growing, sure. But perhaps just as important, they’re helping the company on its path to, “fully closing the loop between retail, wholesale, and appraisal technologies to complete a comprehensive used car solution,” CEO Alex Vetter said in Cars Commerce’s second-quarter earnings call. And that's possible through ... [Read More]

Looking to boost its market share in the auto auction sector, Ship.Cars has added a former ADESA executive as its new vice president of SaaS sales and remarketing. The provider of software for the car-hauling industry announced it has hired Eddie Ammar, who served almost 20 years in leadership roles with ADESA and as a […] [Read More]