The first thing I learned when I aspired to become a pilot was that you cannot simply jump in your plane and jet down the runway. Before getting green light to take off, it is mission critical and non-negotiable to methodically go through a mandatory and disciplined pre-flight routine. Every system is checked, conditions are […] [Read More]

A portion of Point Predictive’s latest Fraud Intelligence Brief examined how much fraud is happening at dealerships and why lenders are watching the issue even more. Point Predictive said its consortium data — which comes from 307 million applications, $5 trillion in scored value, and 105 million unique consumers — showed more than 400 dealerships […] [Read More]

A startup dedicated to building a more inclusive credit system recently released new financial guidance tailored for consumers with no or thin credit histories on what to do with their federal tax refunds. According to the third update for this filing season from the Internal Revenue Service, the average refund is coming in about 10% […] [Read More]

A recently formed partnership is bringing blockchain technology to the non-prime auto finance industry, with dealerships being among the intended beneficiaries. Agora Data and Figure Technology Solutions are collaborating to launch what they claim is the first blockchain-enabled platform, bringing U.S. auto loans to modern capital markets as tokenized real-world assets (RWAs). Seven key highlights […] [Read More]

Carmigo said Monday it has launched a nationwide Independent Auction Marketplace Initiative to provide independent auto auctions with a scalable, auction-controlled online sales channel. And the online auction company has hired Peter Lavallee as executive vice president of marketplace to lead those efforts. Lavallee, whose background includes time with Cox Automotive, DSC/NextGear Capital, Auto Use […] [Read More]

United Auto Credit has named its 2025 Auction of the Year: North Carolina’s Greenville Auto Auction. The auction, which also won this award in 2023, was recognized for its strong performance, operational excellence and organizational culture. United Auto Credit said the award shows Greenville AA’s “reputation as one of the most efficiently run auctions in […] [Read More]

The leader of America’s Group’s ultra-aggressive expansion strategy has taken another step up the corporate ladder. Chris Elliott, who has served as the company’s vice president of mergers and acquisitions for the past two-plus years, announced on LinkedIn he has been promoted to senior vice president of mergers and acquisitions. Since joining America’s in November […] [Read More]

After announcing a 43% increase in retail sales in 2025, bringing total retail sales to 596,641, the Carvana executive team talked about everything from recon and GPU health to artificial intelligence and post-sale opportunities on their most recent earnings call. Looking back at the year, the quarter, and the company’s current position, Carvana CEO Ernie […] [Read More]

Cox Automotive announced a partnership with Toyota Motor North America to integrate Cox’s VinSolutions with the automaker’s digital retailing platforms. The Vin Desking features of VinSolutions’ CRM and Deal Central are now integrated with Toyota SmartPath and Lexus MONOGRAM retailing, which Cox said allows “a seamless consumer experience” from online to in-store and a consumer-to-management […] [Read More]

Michelle Bowman, who serves as vice chair for supervision at the Federal Reserve, testified on Thursday during a hearing in Washington, D.C., hosted by the Senate Banking Committee. How Bowman said the Federal Reserve approaches supervisory and regulatory activities of banks under her watch might have made auto-finance companies cheer if they were in the […] [Read More]