Sagent Lending Technologies, a joint venture between Fiserv and Warburg Pincus that was previously known as Fiserv Lending Solutions, made a move this week to help auto lenders protect against fraud. The company has integrated the Cross Check identity verification and fraud prevention solution from Innovis Data Solutions into its auto loan origination system. So […] [Read More]

With the industry still sifting through units impacted by Hurricanes Florence and Michael, Carfax shared new information on Thursday, highlighting how many vehicles damaged by flooding remain operation. Compared to this point last year after Hurricanes Harvey and Irma hit the U.S., Carfax reported 478,000 flooded vehicles on the road; a figure that represents a 47-percent […] [Read More]

Protective Asset Protection, a provider of F&I programs, services and dealer-owned warranty programs, recently announced results of a recent survey it commissioned to gauge the pulse of owners of today’s largest automotive dealers on issues ranging from F&I product performance in 2018 to their awareness of the changing tax law on participation programs. When President Donald […] [Read More]

Mitsubishi Motors North America has teamed up with Dealer-FX to launch a digital platform designed to help its dealers make service visits more seamless for their customers. This customer experience management platform is called MICAR and is based on the ONE platform from Dealer-FX. The ONE platform is designed to connect each phase of service […] [Read More]

Used-car managers looking for high-line units now potentially have more options via DealersLink. On Wednesday, DealersLink announced it has launched Sixt Remarketing inventory within its marketplace. Sixt is adding more than 1,000 off-rental vehicles to the national dealer-to-dealer marketplace. And to help stores find just what they need to satisfy a customer request, Sixt’s nationwide […] [Read More]

The brisk air and color-changing leaves may say otherwise, but October is looking a lot like September. Edmunds is predicting 3.3 million used-car sales this month, which is the same figure reached in September, based on its data set. The resulting used-car SAAR for the month is projected at 39.6 million – also on track […] [Read More]

Normal things you see in October are here: Children excited about Halloween around the corner, homecoming football games and leaves turning into a brilliant array of colors. And along with those things, even more good news for dealers: Wholesale prices are behaving typical for October, according to the latest edition of Market Insights from Black […] [Read More]

Avis Budget Group has teamed up with Ford in a connectivity partnership that aims to digitally connect more than 35,000 Ford vehicles in the rental company’s U.S. fleet by next summer. In the partnership announced Wednesday, Ford Commercial Solutions will provide its Ford Data services embedded telematics solutions to Avis for connecting the vehicles. It […] [Read More]

Carvana is now available in six California markets. The online used-vehicle retailer announced on Wednesday that it can now finalize turns in Fresno, Calif., to cater to Central Valley customers who can shop more than 10,000 vehicles on Carvana.com, as well as finance, purchase, trade in and now schedule as-soon-as-next-day delivery. Carvana first launched in California […] [Read More]

Significant changes are in motion within the American Financial Services Association (AFSA). On Wednesday, AFSA announced that its board of directors has elected a new chairman, chair-elect and vice chairman-treasurer for the next 12 months. Additionally, the board approved a succession plan for executive leadership of the 102-year-old trade association representing the consumer credit industry. […] [Read More]