America’s Auto Auction has purchased KCI Kansas City from the McConkey Auction Group, stretching its auction count to 23. The transaction, which was effective Nov. 1, is its second major purchase this year and continues a long line of expansion for the auction company. In March, America's Auto Auction bought Lynnway Auto Auction. It purchased West Michigan […] [Read More]

Through a new partnership between TrueCar and grocery retailer Kroger, customers will receive price context, upfront guaranteed savings off the manufacturer’s suggested retail price on new vehicles, and in some states, discounts on used vehicles. Called the Kroger Auto Buying Program, it will be open to Kroger customers who shop at stores within Kroger, Dillons, […] [Read More]

Axis Auto Finance originated $1 million in new loans in a single day. The milestone, which took place at the end of September, was a single-day originations record for the company. The record highlights the culmination of 12 months of integration and sales platform build-out at Axis, the company said. In addition to allowing the […] [Read More]

Cars.com has named former Hyundai Motor America and Subaru of America chief marketing officer Dean Evans as executive vice president. The company describes Evans as a “renowned automotive industry leader.” In addition to his roles with Hyundai and Subaru, Evans also held executive positions at Dealer.com, Dealix and LotLinx. Cars.com describes Evans as having “more than […] [Read More]

Perhaps this Experian data can be a guide for finance company collection departments and recovery operations as to the locations where more resources might be needed and locales where resources could be scaled back. Experian recently identified the top 25 cities with the highest and lowest ratios of delinquent credit accounts as of the second quarter. […] [Read More]

Along with three other separate solution launches, FICO also highlighted during its largest annual event this week a jointly developed data decisions cloud suite that’s been completed with the team at Equifax, a member of the Automotive Intelligence Council. The full suite demonstrated at FICO World 2019 included the cloud-based Data Decisions Connected Platform and […] [Read More]

On Wednesday, defi SOLUTIONS announced a partnership with Zest AI, a leader in AI software. Zest AI will provide defi clients direct access to Zest Automated Machine Learning (ZAML) software for loan decisioning. Officials explained the partnership between defi SOLUTIONS and Zest AI can make machine learning credit scoring and advanced risk management capabilities more accessible […] [Read More]

This summer, Experian and Credit Bureau Connection (CBC) had the chance to celebrate for a few moments about how their collaboration helped to stop a southern California fraud ring. After a few handshakes, leaders of both companies told Auto Fin Journal during a recent phone conversation that their work is far from being completed and […] [Read More]

The Federal Trade Commission recently announced a pair of development; the first in connection with one of its latest rules and the other with the fourth installment of an ongoing study. Starting Oct. 31, many members of the military now have access to free electronic credit monitoring. In response to a new FTC Rule implementing […] [Read More]

Strategic sessions and honoring its best performers highlighted the latest event hosted by EFG Companies. The company recently held its annual Agent Council when agents from across the U.S. gather to discuss industry trends, current business challenges, best practices and new product innovation. Going into 2020, the company highlighted that agents are primarily focused on […] [Read More]