North Carolina officials said that as of 6:30 p.m. ET on Sunday, 455 road closures remained throughout the Tar Heel State because of flooding created by Hurricane Florence making landfall more than a week ago. But in one of the hardest hit areas — Wilmington, N.C. — vehicles will be crossing the block again. Cox […] [Read More]

DealerSocket said Monday it is rolling out a new version of its DealerFire website solution, which will initially be launched with independent and buy-here, pay-here dealers. Engine 6, as the new version is called, aims to provide simpler design and maintenance of dealership websites, allowing them to manage website content in real-time. It includes a […] [Read More]

One of the lead sponsors of Used Car Week 2018 is placing even more emphasis on its fintech operations. On Monday, Digital Recognition Network (DRN), an AI and data analytics company that provides vehicle location data and analytics to finance companies, insurance carriers and other commercial verticals, announced the creation of its new client services […] [Read More]

TruDecision reinforced its advisory board on Monday with a blockchain expert who hails from both the academic and business worlds. The fintech company focused on driving efficiencies in the auto finance and dealership spaces announced the advisory board appointment of John Medellin, a former partner at IBM and PricewaterhouseCoopers partner and now a research professor […] [Read More]

An entrepreneur who spent more than 10 years helping dealerships cultivate their online capabilities now has his own start-up company to help individuals sell their vehicle privately with tools similar to what might be at the dealer’s financing office. Jordan Stuart recently launched eCARmerce.com and CarSalesByOwner.com, offering features traditionally reserved for dealers such as certification, […] [Read More]

The Federal Trade Commission announced consumers — especially individuals who are trying to repair their credit profiles and are concerned about identity theft or data breaches — can freeze their credit and place one-year fraud alerts for free. Under the new Economic Growth, Regulatory Relief, and Consumer Protection Act, the FTC explained consumers in some […] [Read More]

Coming on the heels of establishing a relationship with defi SOLUTIONS, Black Book also announced a development involving its history adjusted valuations (HAV) data and resources being integrated with DIMONT, one of the largest providers of insurance claims adjusting and collateral loss mitigation services. Under the agreement, the companies highlighted Black Book’s HAV insight and […] [Read More]

The impact of TransUnion’s acquisition of FactorTrust last November is still creating developments nearly a year later. On Monday, TransUnion joined with the National Independent Automobile Dealers Association as its latest Bronze-level National Corporate Partner, expanding its commitment to provide the most complete and multidimensional information available to independent vehicle dealers nationwide. TransUnion creates and […] [Read More]

The volume of late-model vehicles at auction continued to move upward in August, according to J.D. Power Valuation Services, which said full-year figures are likely to end up with a similar volume increase as last year’s uptick. And through eight months of 2018, SUVs are showing some of the largest increases in volume. Overall, though, […] [Read More]

The unusual summertime wholesale price movements seen by both KAR Auction Services and J.D. Power Valuation Services might push the costs that dealers face in the lanes nearly 3 percent higher by the time the year ends. The August price updates from both companies conveyed notable wholesale price surges, with KAR chief economist Tom Kontos […] [Read More]