In today’s rapidly evolving business landscape, blockchain technology stands out as a transformative force, poised to revolutionize how companies operate, interact and innovate. For stakeholders in the automotive industry, particularly in the used car market, understanding how blockchain can reshape the sector is not just about keeping pace — it’s about seizing opportunities for efficiency, […] [Read More]

After taking a month off for the holidays, Carvana is back on the Megasite track. The online used-car retailer announced plans to open its latest integrated auction/reconditioning center on the ADESA Atlanta auction site in Fairburn, Ga. Carvana’s fifth Megasite follows the launch of similar operations at ADESA Kansas City in August, ADESA Houston in […] [Read More]

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]