AGORA recently landed another industry connection to help establish itself as a prominent platform for bulk portfolio transactions. AGORA, a Texas-based provider of technology solutions for the financial services industry, announced a joint, newly launched integration functionality relationship with DealerCenter. “Protecting our dealers from exposing loan data when they make their portfolios available for sale […] [Read More]

Fitch Ratings sifted through data generated by the subprime auto asset backed securities (ABS) market during the first half of the year. Analysts not only found four elements that are supporting the subprime ABS segment, but also more details about why certain vintages might not be performing as well. First looking into the latest data, […] [Read More]

In an effort to help enhance consumers’ shopping experiences, CARPROOF vehicle history reports have been integrated into Contact At Once’s conversational commerce automotive platform. The new integration gives agents the ability to share CARPROOF information and content with consumers from within the Connect platform, the companies announced Thursday. CAO’s Connect platform allows consumers to message with […] [Read More]

Lyft Business has employed Salesforce's Pardot and Sales Cloud solution to help drive customer engagement and loyalty. Salesforce Pardot and Sales Cloud provides Lyft Business with a single platform that can help foster alignment between marketing and sales tasks such as discovering prospects, converting leads and boosting customer loyalty and engagement, Salesforce announced Thursday. “Lyft Business works […] [Read More]

When it comes to the average number of days that used-cars stay on the market, hybrid and electric vehicles most often have the upper hand as far as attracting buyers the fastest. At a time when the average used-car between model years 2015 to 2017 spends an estimated 46.4 days on the market, both hybrid […] [Read More]

Carvana made another finance-oriented move on Monday. The online used-vehicle retailer announced it is planning to offer, subject to market conditions and other factors, $300 million in aggregate principal amount of senior notes due in 2023. Carvana explained that it intends to use the net proceeds from this offering to pay its fees and expenses related […] [Read More]

The Manheim Used Vehicle Value Index is now in unchartered territory. The team at Cox Automotive reported on Monday that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 2.01 percent month-over-month in August. That jump pushed the index reading to 139.7, which is 6.4 percent higher than a year ago […] [Read More]

J.D. Power has unveiled that the Porsche 911 model has the highest rating on its JDPower.com 100-Point Score ranking, which is based on several thousand verified car owner experiences. The company announced Friday that the latest review of its consumer insight study collection shows that the Porsche 911 is the highest-rated 2018 model year vehicle […] [Read More]

Three boards containing 23 industry leaders now have an advisory voice in how the Consumer Financial Protection Bureau operates. Late last week, the bureau announced the appointment of new experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council and Credit Union Advisory Council. The regulator indicated the three advisory committees […] [Read More]

They specialize in crucial skills such as accounting, computer science and law. They hold some of the most important positions at their respective companies. They provide critical guidance and produce high-level results. Continuing the Cherokee Media Group series of award programs that honor the most dedicated and talented professionals from throughout the used-car industry, we […] [Read More]