The Carvana customer takes a commemorative, oversized coin to activate the vending process, and then the vehicle descends an all-glass tower that stands eight stories tall and holds 27 vehicles. The unveiling of Carvana car vending machines across the United States continues. Carvana on Wednesday opened its latest vending machine, in Greensboro, N.C. The company uses […] [Read More]

A new algorithm from Mobials Inc. calculates the value of consumers’ trade-in vehicles.   Now, Mobials, which is the parent company of AutoVerify, is looking for U.S. dealers to beta-test the algorithm. Once Mobials launches the algorithm, every U.S.-based dealer signing up for the beta test will receive 12 months of free use. Mobials develops, markets, and sells […] [Read More]

Software company Xtime believes the vehicle service experience needs improvement. Up to this point, the automotive industry has not had the necessary tools to provide on-demand convenience for consumers, according to the company. Poor communication between dealerships and customers has hurt dealership retention and business. Looking to improve that communication, Xtime is unveiling a new […] [Read More]

Your birthday is easy to identify since it’s on your driver’s license and other official documents. But what about a vehicle’s birthday? Pinpointing that fact is part of the latest project orchestrated by the Mobility Open Blockchain Initiative (MOBI), which includes several automakers as well as KAR Auction Services. The organization’s member-led vehicle identification working […] [Read More]

The American Recovery Association is looking to help members with one of the most important benefits repossession agencies can offer their employees. This week, ARA, in partnership with Harding Brooks Insurance Agency, announced the newest member benefit: a national, cost-effective health insurance program open to all members. “A rich benefits package is key in retaining […] [Read More]

The Auto Intel Council (AIC) now has seven members. Joining the collection of leading companies and experts in the auto fintech space is Equifax.   The AIC also includes Digital Recognition Network (DRN), IBM, KAR Auction Services, Maryann Keller & Associates, MBSi Corp., and Wells Fargo Preferred Capital. The Auto Intel Council is a private, […] [Read More]

Syncsort recently conducted a survey to explore data quality and organizations’ confidence in data across their enterprise. Though most respondents rated their organization’s data quality either as good (38%) or very good (27%), the software company’s survey revealed a disconnect around understanding and trust in the data and how it informs business decisions. Syncsort reported […] [Read More]

Consumers who might be connected to an installment contract in your portfolio could be a little uneasy about staying current even as the latest reading showed defaults stayed steady. Middle-class Americans are less optimistic about their ability to achieve upward mobility than they were six months ago, according to new data from CUNA Mutual Group, […] [Read More]

Human resources expert and National Automotive Finance Association board member Don Jasensky of Automotive Personnel recently shared seven activities of a job candidate who might be a future high performer for your dealership or finance company. Jasensky leveraged his 30 years of interviewing candidates and following up on their careers and noted one factor top […] [Read More]

Sheehy Auto Stores leaders and employees were more busy than usual during a recent 56-day period from May to July. As part of its annual Sheehy 8000 Sales Race, the company raised $300,000 by selling 8,012 new and used vehicles to achieve its sales goal, and the American Heart Association was the beneficiary. During that […] [Read More]