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]

Car shoppers who use the Facebook app now have access to free Carfax reports through a new integration between Carfax and Facebook Marketplace. The Carfax reports are provided by select dealers on their inventory as a result of the new integration, which Carfax says will mean buyers have more transparency and confidence when they shop […] [Read More]

TrustScience and Inovatec Systems Corp. finalized a partnership this week. The provider of artificial intelligence-fueled credit scoring and the loan operating system (LOS) provider announced they will partner to release a fully automated lending platform that can enable end-to-end loan management across the entire credit spectrum. The company said finance companies can be up and […] [Read More]

Joel Kennedy’s efforts on behalf of the National Automotive Finance Association are set to become even more involved. The association that exclusively serves the non-prime auto financing industry recently named Kennedy as its next president. Kennedy succeeds Sharon Mancero, who held the post for a two-year term. As with prior NAF Association presidents, Mancero now […] [Read More]