The Automotive Intelligence Summit is a month away, and these eight companies are set to be honored as Cherokee Media Group hosts one of the fastest-growing events focused on fintech, digital retail, mobility and other elements of the auto tech evolution. This morning, Cherokee Media Group, leveraging guidance from the Auto Intel Council, released the […] [Read More]

Later this summer, a new chief financial officer will take his spot within the leadership team at FICO. FICO announced on Monday that the global analytics software company has appointed Michael McLaughlin as its new CFO. According to a news release, McLaughlin will start with the company on Aug. 3 McLaughlin replaces outgoing CFO Mike […] [Read More]

Auto defaults remained below the 1% mark in May, according to the latest information assembled by S&P Dow Jones Indices and Experian. Analysts noticed the May auto default reading dropped 7 basis points to settle at 0.87%. Auto defaults have declined 12 basis points since the beginning of the year. The May composite rate within […] [Read More]

Black Book recently rolled out its latest solution for auto finance professionals — Asset Verification Tool — which is designed to help protect finance companies, auction and dealers against vehicle misrepresentation by providing insight on vehicle trim and equipped options. By confirming the trim and options on a given vehicle, Black Book emphasized a finance […] [Read More]

During a wide-ranging and in-depth conversation with a group of reporters gathered at its headquarters, executives with Clutch Technologies played the part of myth-busters, sharing data and analysis they say helps dispel some of the misconceptions around vehicle subscriptions. Among those: that it is not a product for the mass market, that it would cannibalize vehicle […] [Read More]

Auto dealership employees should come up with complex passwords for the computers they use, and they should change those passwords frequently. They should securely dispose of paperwork that includes sensitive information, and they should ensure that laptops and computers are protected within the dealership, kept behind a locked door in a location that is not […] [Read More]

In addition to announcing another dealer group coming on board to use the Clutch Subscription Platform, Clutch Technologies said Monday that it has integrated new features via technology from Cox Automotive Data Solutions that can help dealers and automakers more profitably manage loaner, subscription and mobility fleets. These dealers and OEMs offering subscriptions to their […] [Read More]

CarMax believes proactively approaching a disaster plan — before the disaster strikes and on a long-term basis — is important. With that in mind, the company on Wednesday announced it has donated $50,000 to product philanthropy and purposeful giving organization Good360 to support disaster recovery efforts. Meanwhile, Larry H. Miller Dealerships announced on Thursday that […] [Read More]

Cover Genius, which offers a platform for ecommerce companies to provide insurance to their customers, has expanded further into the automotive and mobility space, where it has had a presence for five years. And it has hired a former Flexdrive and Cox Automotive executive to lead those efforts. Austin Ledgerwood, who is now head of strategic […] [Read More]

Cox Automotive brand vAuto in 2018 acquired iRecon, which says it helps control, manage and maximize the entire reconditioning workflow. On Thursday, iRecon introduced the all-new iRecon: Vendor. The company says the new mobile application can help vendors manage their workloads — as well as dealer interactions across the reconditioning process — more efficiently and […] [Read More]