Nearly 80 Lexus dealerships in seven states are included in the launch of a U.S. program that has a traditional lease foundation with other components aimed at making driving the luxury brand more convenient. In the age of increased online shopping, automatic bill payments and the growing prevalence of minimalist lifestyles, Lexus acknowledged drivers are also […] [Read More]

DealerPolicy, an auto insurance company geared toward car dealers, has been moving toward increasing its services. The company is already integrated with F&I software providers and also recently partnered with Equifax, which it says will help dealers accelerate the financing and purchase process. Now, the company is expanding into the state of Virginia. DealerPolicy notes […] [Read More]

Dumb question: Who wants to make more money? We all do, of course. But is opening your business to more credit-challenged consumers worth chasing more delinquencies and repos? Good question; and one that becomes problematic if you don’t take the right steps to minimize your risk. But, can I reduce risk and make more money […] [Read More]

Carvana already boasted a strong relationship with Ally Financial to help the e-commerce platform for buying and selling used vehicles. And on Wednesday, Carvana confirmed it now has a connection with Bank of America, too. According to a news release, the Bank of America digital car shopping and financing platform will now add more than […] [Read More]

Financial executives appear to have notable apprehension about delving into deep use of fintech firms and their developing technology. Treasury and finance professionals believe that strategic, cybersecurity and financial risks will remain the top areas of concern for the next three years, according to new research released this week by the Association for Financial Professionals […] [Read More]

Vinli landed new funding this week that executives say will enable the company to broaden its mobility services and integrations to customers worldwide. The connected car and data intelligence platform provider announced on Tuesday it has closed $13.5 million in additional funding. The Series B funding round has participation from new and existing investors, including […] [Read More]

With blockchain gaining more momentum, academia is responding to ensure the industry has trained workers who can flourish in that particular space. This week, the Institute for Innovation and Entrepreneurship at The University of Texas at Dallas announced a new partnership with the Blockchain Research Institute (BRI), a global independent think tank working to identify […] [Read More]

ID Analytics recently rolled out a tool specifically tailored for finance companies looking to buy a little deeper while still having solid footing with its underwriting. The Symantec company and consumer risk management provider recently announced Credit Optics Full Spectrum Auto, a new version of its credit score designed specifically to address the needs of […] [Read More]

MaximTrak Technologies announced on Tuesday a preferred partnership with Allstate Dealer Services to provide digital F&I solutions for agents and their dealer customers retailing Allstate’s aftermarket products. MaximTrak highlighted that its platform seamlessly can integrate into auto dealers’ business processes, providing solutions that can help make Allstate Dealer Services’ agents and dealers more successful and […] [Read More]

Building websites and consultation on inventory turn strategies are among several services that Dealer Car Search performs for auto dealers. Now, vehicle history tools from Carfax will help make managing and retailing inventory more transparent for Dealer Car Search customers. Thousands of Dealer Car Search-powered dealer websites now feature the Carfax Vehicle History-Based Value and […] [Read More]