Through advancements in machine learning, auto finance companies now have another tool to answer one of the most important questions during the underwriting process. PointPredictive recently released its newest product — Income Validation Alert — a solution that can offer a real-time predictive assessment of an applicant’s stated income. If that income appears to be […] [Read More]

The compliance education and training offerings from Recovery Industry Services Company (RISC) just became much more robust. On Tuesday, RISC announced the acquisition of Recovery Standard Training, which is curriculum created and maintained by Hudson Cook. Officials highlighted the program will soon be added to RISC’s CARS certification and continuing education programs. Hudson Cook will […] [Read More]

Going beyond just the metrics, KAR Auction Services chief economist Tom Kontos explained why the latest wholesale price movements reflect auction successes — especially when it comes to handling off-lease vehicles. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, values in April averaged $11,116, which represented a 2.7-percent lift […] [Read More]

Following the $58 million in Series B funding it received earlier this month, the Berlin-based startup Frontier Car Group (FCG) has garnered a new $89 million investment. OLX Group announced Thursday that it has invested $89 million in Frontier’s recent C series funding round through its early-stage investment arm OLX Ventures. “The growth we’ve seen since our foundation in 2016 […] [Read More]

If the news in auto industry this week is any indication, safety is the biggest hot-button issue in the autonomous vehicle segment — and could be for a while. According to a survey from CarGurus released Wednesday, safety is the main cause of concern about self-driving vehicles. But interestingly enough, safety — or perhaps the […] [Read More]

Just after recognizing the National Association of Motor Auctions as its first association Warren Young Sr., Fellow, the National Auto Auction Association (NAAA) announced Thursday that it has selected its 107th Fellow. The new recipient, Sante Esposito, is a member of its lobbying arm based in Washington, D.C. Esposito was honored at NAAA’s annual Day On The Hill […] [Read More]

In response to franchised dealers’ frustrations when struggling to source used-vehicle inventory, a Ford dealer in Delaware has launched his own tech startup to deliver a technology solution. Willis Ford managing partner Santosh Viswanathan is the founder of the new 20groupdealertrades.com, which offers a platform called SPIN where franchised dealers across the country can trade, buy […] [Read More]

A New York dealer group is looking to gain customers without waiting for “ups” to arrive at the showroom or store websites. As local residents plan for summer travel, a new transportation option is available through Mobiliti, the first multi-dealer, multi-brand, national vehicle subscription service. New Yorkers who need vehicles for summer stays in The […] [Read More]

It’s taken five years, but federal officials are seeing an improvement if consumers faced a financial emergency roughly equal to one payment on their vehicle installment contract. The Federal Reserve Board’s latest Report on the economic well-being of U.S. households indicated four in 10 adults, if faced with an unexpected expense of $400, would either […] [Read More]

GSFSGroup created a new executive position to respond to growth and an increasing need for data management and innovative technology in the automotive F&I industry. The provider and administrator of a comprehensive portfolio of F&I products for dealerships this week announced the hiring of Steven Clark as its first vice president of IT Engineering.  GSFSGroup […] [Read More]