Normal. Stable. Those are not necessarily words used to describe the used-vehicle market over the last five years, but 2024 closed with analysts calling wholesale price patterns exactly that. Their specific metrics and methodologies differ, but respective monthly used-car value indices from Black Book and Cox Automotive illustrate a wholesale market that’s perhaps as steady as it has been post-COVID ... [Read More]

Nordis Technologies named Gabe Preczner as vice president of operations on Wednesday. The provider of omnichannel customer communications management and payments technology solutions said Preczner will be responsible for increasing the innovation and efficiency of the company’s print production and mailing services to continue delivering excellent client value. Nordis Technologies highlighted Preczner brings an impressive […] [Read More]

TransUnion is bolstering its portfolio to operate in the credit prequalification market. The company on Wednesday signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that can empower lenders and banks to deliver highly personalized credit offers to consumers via comparison websites and other third parties. TransUnion currently owns 30% […] [Read More]

Solifi on Tuesday announced the appointment of Dan Corazzi as its new CEO, in a move that becomes effective on Monday. Solifi said current CEO David Hamilton will transition into the role of chairman for the global fintech software partner for secured finance. Corazzi joins Solifi from JAGGAER, a leading global provider of procurement software, […] [Read More]

On Tuesday, YASSI — a provider of real-time vehicle registration, title and lien data — launched what the company said is the first federated single sign-on (SSO) solution in the United States for accessing real-time vehicle records. YASSI said this feature will set a new standard for secure, seamless, and scalable access to critical data […] [Read More]

Lender Compliance Technologies (LCT) has a new resource to guide its way through the world of compliance solutions for managing F&I product refunds. LCT on Tuesday announced the appointment of Bob Johnson to its board of advisors. The company said Johnson will leverage more than 30 years of experience in the automotive and equipment finance […] [Read More]

The Consumer Financial Protection Bureau (CFPB) is suing Experian, claiming the nationwide consumer reporting agency is unlawfully failing to properly investigate consumer disputes. According to a news release distributed on Tuesday, the CFPB alleges that Experian does not take sufficient steps to intake, process, investigate, and notify consumers about consumer disputes, resulting in the inclusion […] [Read More]

Whether we’re ordering dinner, buying a gift or snagging that last item we forgot at the hardware store, “add to cart” is a major part of our daily online lexicon. It’s also the phrase Hyundai is using in an ad campaign to kick off its dealership partnership with Amazon Autos, where vehicle shoppers in 54 […] [Read More]

CDK’s renewal tour continues. The dealership software provider announced a multi-year renewal of its agreement with Findlay Automotive Group, which will use the CDK Dealership Xperience integrated platform in its 35 dealerships covering five states. CDK said Findlay’s stores will also use the Modern Retail and Fixed Operations suites within the Dealership Xperience. Findlay has […] [Read More]

The newest installment of Market Insights from Black Book recapped stable developments in the wholesale space during the close of 2024 and conveyed optimism about what the auction scene might be like in 2025. Analysts said wholesale values decreased 0.44% last week while the auction conversion rate came in at 54%. “As we look back […] [Read More]