Mike Darrow describes mobility as something people should not take for granted. “Driving is core to independence and a significant expression of autonomy, something we honor every day at TrueCar,” said Darrow, who is TrueCar's interim chief executive officer and president. Because of the importance of driving to independence, TrueCar is again partnering with AutoNation […] [Read More]

As expected, wholesale volume has increased from 2018 to 2019 in Canada, due in part to growth in lease returns.  But interestingly, the increase isn’t yet putting downward pressure on used prices. According to RVI, the expectation coming into this year was initially much bigger, with respect to growth in wholesale volume. “We had forecasted […] [Read More]

Trucks and SUVs are designed to carry a variety of things, from flea market finds to raw materials for countless projects. And apparently those units carried overall wholesale price movements in September, too. According to KAR Global Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, overall prices in September averaged $11,155. […] [Read More]

This past Friday, Axis Auto Finance reported financial results for its 2019 fiscal year that ended June 30 and included the full 12 months of operations the acquired entities of Cars on Credit Financial (COCF) and Trend Financial Corp. As a result, Axis posted several year-over-year gains since the comparative 2018 fiscal year included only […] [Read More]

A member of the inaugural Emerging 8 is continuing to roll out new solutions. PointPredictive recently launched what it called Outsourced Fraud Mitigation, a service that can help finance companies bolster their fraud defenses by leveraging PointPredictive’s fraud experts and artificial intelligence technology. The company explained this service can give finance companies turnkey access to […] [Read More]

The service and parts piece of the franchised auto-dealer business, along with other high-margin segments like used cars and F&I, is driving profitability for these stores. And that is helping push optimism among both dealers and investors in the future value of franchised dealerships. That’s according to Kerrigan Advisors, a sell-side adviser to dealers that […] [Read More]

ZestFinance, a provider of credit software fueled by artificial intelligence (AI), announced its integration with MeridianLink, a multichannel loan and new account origination platform. According to a news release distributed last week, MeridianLink will be integrating Zest Automated Machine Learning (ZAML) credit scoring directly to its LoansPQ platform, providing MeridianLink clients the ability to access […] [Read More]

Trust Science wants more details about the key pain points facing credit underwriters nowadays, so the provider of credit-scoring solutions powered by artificial intelligence recently launched its annual survey. Along with the chance to win a $750 gift certificate for Dick’s Sporting Goods, finance companies can share a variety of experiences through the survey that […] [Read More]

Dealers and finance companies are getting regulatory assistance in four more states in an effort to help buyers and contract holders protect their purchases via products available in F&I offices. A trio of industry groups recently praised state legislatures across the nation for continued progress in passing new protections for consumers who purchase service contracts […] [Read More]

The National Auto Auction Association elected a vice president for the 2019-2020 term, choosing R. Charles Nichols for the post. Nichols, who is the president of BSC America Auction Group and general manager of Bel Air Auto Auction, was installed into the VP role at the NAAA Convention earlier this month. “Charles brings to this […] [Read More]