For auto finance providers still unsure about the value of its vehicle location data, Digital Recognition Network (DRN) highlighted the experience of just a single client — Philadelphia Federal Credit Union (PFCU). PFCU is an early adopter of DRN’s enterprise subscription for auto finance, DRNsights. Here is a breakdown of what happened to this credit […] [Read More]

TransUnion’s Industry Insights Report offered clear evidence that auto finance originations are slowing, especially in the subprime space. The credit bureau’s report, powered by Prama analytics and released on Tuesday, indicated that auto finance originations, viewed one quarter in arrears, declined to 6.66 million to end 2016, down 0.2 percent relative to fourth quarter of […] [Read More]

The latest move coming from defi SOLUTIONS is the launch of what the company dubbed defi EXCHANGE, a secure, online portfolio marketplace where sellers of auto finance portfolios can access multiple buyers and manage the entire sales process. The company highlighted defi EXCHANGE is designed to improve efficiencies and profitability by automating and enhancing processes, […] [Read More]

eBay Motors announced a partnership with TrueCar on Wednesday morning that will give its shoppers more insight into new-car pricing, helping to aid in vehicle comparisons. This was part of a series of upgrades the online vehicle marketplace made. “eBay is committed to enhancing its marketplace with the best information and buying experience it can […] [Read More]

The 25th market for Carvana is its largest one yet. The online used-vehicle retail platform announced expansion on Wednesday into Chicago, the company’s first market in Illinois where an estimated 13 million consumers in the greater Chicagoland area can now could get free, as-soon-as-next-day delivery of any vehicle from Carvana’s 7,300-plus unit inventory. “Chicago is […] [Read More]

The growth trajectory of TradeRev, starting from Canada, has spread throughout that country and into the South, East Coast and North Central areas of the U.S. It has hopped the pond to offer white-label services in the United Kingdom, with discussions ongoing to launch in mainland Europe. In mid-March, it secured up to $15 million […] [Read More]

Selly Automotive’s customer relationship management platform has been combined with dealer management systems software from Los Angeles-based DMS provider AutoManager, Selly announced on Tuesday. “For the past eight months, we have worked very closely with AutoManager to be thoughtful about the independent market and create an integration that will eliminate the need of double entry,” Selly […] [Read More]

The National Auto Auction Association has teamed up with the Massachusetts Independent Automobile Dealers Association to raise money for the victims of last week’s crash at Lynnway Auto Auction and for their families, as well. NAAA said in a statement it is donating $25,000 and helping to promote MIADA’s Go Fund Me campaign: www.gofundme.com/lynnway-tragedy. The […] [Read More]

Autotrader has launched a television advertising campaign with Disney Pixar's “Cars 3,” which includes a 30-second television commercial featuring members of the well-known cast that will debut on television during the 2017 NBA Playoffs on TNT. "Collaborating with Disney Pixar's 'Cars 3' was a natural fit for Autotrader for more than the obvious reason of the spotlight our […] [Read More]

Reynolds and Reynolds in the U.K. announced that it has expanded its suite of retailing tools for dealers. "The customer-dealer relationship continues to change," Reynolds U.K. Automotive managing director Adele Feeney said in a news release. "Over the past several years, we have expanded our suite of retailing tools for dealers. These tools are helping […] [Read More]