Platforms like Amazon give consumers the pathway to purchase everything from mechanical pencils to a drone in the middle of the afternoon or night with just a few swipes on a smart device. Now Darwin Automotive is putting F&I software in place to give vehicle buyers the same flexibility. This week, the company announced the […] [Read More]

Westlake Financial Services is taking additional steps to shield itself from potential fraud. On Tuesday, PointPredictive, the San Diego-based machine learning company, announced that Westlake is its newest auto-finance client. As part of this relationship, Westlake will use the company’s scoring solution, Auto Fraud Manager, to identify misrepresentation and prevent default on high-risk applications while […] [Read More]

Consolidated Asset Recovery Systems (CARS) recently brought three more finance companies into its client portfolio. Flagship Credit Acceptance announced today that it has selected the CARS’ IBEAM (Internet Based Electronic Asset Management) web portal for managing the repossession and remarketing of non-performing assets in its automotive loan portfolio. Crescent Bank and Trust has selected CARS’ […] [Read More]

As part of an expansion announced Wednesday, Clutch Technologies is now offering its Single Vehicle Subscription product line throughout the U.S. The goal of this “one car, one member” product, which is part of the overall product portfolio at Clutch, is to offer greater flexibility and choice — it can be configured based on single […] [Read More]

In some places, the coldest temperatures in months have been recorded recently. Some locations already are seeing snowflakes. And wholesale prices are cooling too, according to Black Book. Anil Goyal, executive vice president of operations for Black Book shared in the newest edition of Market Insights that, “Last week, used-car values experienced the highest depreciation […] [Read More]

Skeptics of the vehicle subscription model may, in fact, be right to pose questions about how the segment is addressing some very important concerns. Many of those questions came to light during a keynote presentation from auto industry consultant Maryann Keller at the Automotive Intelligence Summit in July, and later recapped in Part I and Part II […] [Read More]

It’s been great for 28 … years at Motley’s Richmond Auto Auction. The operation recently celebrated its 28th anniversary with a promotional event that offered more than 700 vehicles consigned and more than 70 percent sold. “This was another all-time record for the auction. We had more than 500 registered dealers in attendance for the […] [Read More]

Auction123 has enhanced its dealer website and inventory management solutions, as well as its automated marketing tools for sites like Facebook Marketplace, Craigslist and eBay with vehicle-specific pricing information for Carfax Advantage dealers. The company highlighted those dealers now can compare their pricing with the Carfax history-based values for units in inventory. Using Carfax information combined […] [Read More]

More valuable intelligence for your dealership’s service drive arrived on Tuesday. Vincentric released an in-depth update to its vehicle maintenance data with additional detail added to its automotive cost-of-ownership database. The latest enhancement includes costs for more than 400 services per vehicle with more detailed estimates of parts pricing, labor times and labor rates for light-duty […] [Read More]

Federal prosecutors recently landed a conviction involving a trio operating an elaborate auto-finance fraud arrangement in North Carolina. Andrew Murray, U.S. Attorney for the Western District of North Carolina, said a federal jury in Charlotte returned a guilty verdict against Kimberlie Flemings of Mt. Holly, N.C., for her role in a $1 million fake auto-finance […] [Read More]