It’s no longer just a hunch emanating from dealerships and finance companies that the Consumer Financial Protection Bureau and state attorneys general are working together. The CFPB made an official announcement to the fact on Tuesday. The bureau, working in partnership with multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN). It’s an […] [Read More]

With the threat of security breaches haunting companies large and small, Recovery Database Network (RDN) is taking steps to ensure its systems connected with repossessions and recoveries are safe. The division of KAR Auction Services announced it achieved the six components that go into Veracode Verified Team Status certification. Veracode Verified is a program that […] [Read More]

Explorium is taking advantage of the investment community seeing “data as the new oil” in an effort to sharpen a tool that can scan data sets and function like a web search engine. On Wednesday, the data science platform fueled by automated data and feature discovery announced today that it has secured $19 million in […] [Read More]

In a few special editions of the Auto Remarketing Podcast, we’re sharing some of the panel discussions and keynote presentations from the recent Automotive Intelligence Summit in Raleigh, N.C. Next up is a pair of presentations from Marguerite Watanabe, president of Connections Insights, who offered an overview of the up and coming players in the […] [Read More]

The mission of the Tim Horton Children’s Foundation is to “foster the strengths within youth to achieve their full potential and empower them to pursue a life without limits.” The 22nd Canadian Black Book Kathy Ward Memorial Golf tournament, which took place on Monday, supported that mission by raising more than $25,140 for the foundation. Before […] [Read More]

Rivian said Tuesday it has secured a $350 million equity investment from Cox Automotive, and the companies will look into teaming up on digital retailing, service operations and logistics opportunities. This follows two other major investments in the transportation and tech company this year, with an Amazon-led $700 million round in Rivian that came in […] [Read More]

If your store can turn luxury cars quickly, your opportunity for decent gross might be at hand stemming from how wholesale prices for those high-line units are moving. The newest Black Book Market Insights report showed wholesale prices for luxury cars again softened at a much higher rate than the overall car reading. “Luxury-segment declines […] [Read More]

Dealer credentialing services provider AuctionACCESS describes itself as “a dealer’s key to the wholesale marketplace.” Now, AuctionACCESS says it is strengthening its commitment to independent dealers through a new alliance with the National Independent Automobile Dealers Association. AuctionACCESS is now a Bronze-level national corporate partner of NIADA. “We will continue to work with NIADA members […] [Read More]

A wide array of components goes into orchestrating Used Car Week and its four distinct pieces — Pre-Owned Con, Auto Fin Con, Repo Con and the National Remarketing Conference. And one of the most important ingredients is collaboration with leading organizations such as the American Recovery Association. Executive director Les McCook shared why ARA is […] [Read More]

Tennessee has been a location for Carvana’s online used car buying services since 2014 and launched what Carvana describes as the world’s first fully automated, coin-operated car vending machine in Nashville in 2015. On Tuesday, Carvana continued its Tennessee history, bringing its services to customers in the Clarksville, Johnson City and Kingsport areas. With the […] [Read More]