Having been unsuccessful in becoming governor of Ohio, former Consumer Financial Protection Bureau Richard Cordray appears to have resurfaced on the West Coast in connection with a high-ranking California state lawmaker. Multiple social media posts from California Assemblymember Monique Limon show her pictured with Cordray having what she said was a “great conversation” with the […] [Read More]

Axis Auto Finance now has more funding horsepower to help dealerships retail vehicles. According to a news release distributed this week, the publicly traded alternative auto finance company announced the closing of its new $100 million senior secured revolving debt facility with a syndicate led by a Canadian Schedule 1 Bank and including a large […] [Read More]

Using the Vin-UP hardware/software program, auto dealerships offer their service customers an “Instant Vehicle Valuation Coupon.” The coupon indicates that the store wants to purchase the vehicle and provides a cash price. VIP says its program helps auto dealers generate more business through their service bay. Now, CARFAX Canada is providing the trade-in values for […] [Read More]

In challenging times, used-vehicle sales are there to take up the slack. At least that was the case for Group 1 Automotive in the fourth quarter and full-year 2018. When times are good for auto dealers, used-vehicle sales also often play a prominent role, and that was the case for Asbury Automotive Group, too, as […] [Read More]

A company description for KAR Auction Services states that it offers “innovative, technology-driven remarketing solutions” to the global wholesale used-vehicle industry. Now, the company’s Insurance Auto Auctions business is making an investment to take that innovation further.   In what the division is describing as “an insurance claims and remarketing industry first,” IAA is investing […] [Read More]

A new partnership aims to transform independent and specialty auctions’ static vehicle merchandising pages into “interactive digital experiences.” Auction Edge, a technology provider for independent auto auctions; and automotive digital merchandising company SpinCar are now working together to bring 360° Walkarounds to the auctions. The companies say that the technology helps wholesale vehicle buyers explore […] [Read More]

Nick Peluso has another wholesale-industry accolade to add to his mantle. Peluso became the sixth-ever recipient of the Bobit Industry Icon Award in recognition of his bold vision, technological innovation and dynamic leadership. The National Auto Auction Association (NAAA) and the International Automotive Remarketers Association (IARA) honored the president of Manheim Digital Marketplace at the […] [Read More]

Taylor Thurman is back with National Creditors Connection Inc. (NCCI). The loss-reduction outsourcing (LRO) company recently announced Thurman returned to be its director of sales in the auto-finance market. NCCI indicated Thurman will be leading all market development and sales initiatives for the auto-finance segment. “We are excited and humbled to have our superstar back […] [Read More]

Paramount Recovery Service, a leading Southern California-based automotive repossession company, recently announced the expansion of its locations and services as well as the hiring of two industry experts. Company leaders highlighted the physical expansion includes the acquisition of PRS’ largest location to date — an indoor and outdoor facility consisting of 88,000 square feet that’s […] [Read More]

To increase velocity for deploying predictive models, FICO and Equifax are introducing the Data Decisions Cloud. And a trio of other related solutions from the companies’ collaborative efforts is on track to be released later this year. According to a news release distributed on Wednesday, the companies highlighted the new Data Decisions Cloud is an […] [Read More]