Former Cox Automotive executive Joshua Gonsenhauser has joined Lotlinx as vice president of product strategy, the company announced. Lotlinx said Gonsenhauser will lead the ongoing development of its VIN-specific inventory management systems, designed to optimize dealer operations and improve ROI through artificial intelligence and machine learning. “Josh brings a unique combination of industry expertise and […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a keynote presentation featuring James Waldron, who is president of 1st Adjusters. Waldron identified several growing trends in fraud and how collections and repossessions are being impacted by these illicit activities. Listen to the episode in […] [Read More]

On Wednesday, Auto Link, a provider of comprehensive auto-financing solutions, appointed Stephen Riley as general manager of sales, technology and operations. In this role, Auto Link said Riley will lead growth and strategic initiatives, including the deployment of next-generation AI and the expansion of the company’s client base. “This is an exciting time for Auto […] [Read More]

Ava and Ivan could be the newest parts of your collections team if your finance company decides to use the newest tool from ImpactAI Solutions, which is the specialized division of CSS IMPACT. Among the advancements from the provider of artificial intelligence-driven debt collection financial ecosystem solutions are within the IMPACT Enterprise Debt Collections Software […] [Read More]

Experian recently released its annual Future of Fraud Forecast, highlighting five emerging fraud threats that could challenge businesses and consumers this year. Experts’ predictions show that fraudsters will continue to double down on the digital landscape and leverage Generative AI (GenAI) to commit sophisticated crimes at a rapid pace. According to an Experian report, half […] [Read More]

Despite a strong employment picture, TransUnion acknowledged some consumers are still struggling financially due to elevated inflation and higher than normal interest rates. TransUnion also pointed out that the lowest income households — ones earning less than $50,000 — face another challenge, with only 35% indicating they have sufficient access to credit and lending products. […] [Read More]

Here’s perhaps a noticeable change of pace in the compliance and regulatory worlds. Both the American Financial Services Association and the Consumer Bankers Association are eager to see what’s coming next from the Consumer Financial Protection Bureau. It all stems from director Rohit Chopra being removed over the weekend and President Trump installing Treasury Secretary […] [Read More]

America’s Group has added another state to its auto auction footprint: New Jersey. The rapidly expanding auto auction company said Wednesday that it has acquired Car-Tech Auto Auction in Freehold, N.J., located roughly 60 miles northeast of Philadelphia and about 50 miles south of New York. The addition of Car-Tech expands America’s Group’s presence to […] [Read More]

Auto Hauler Exchange announced a major financial boost. The digital vehicle transportation marketplace has raised $5 million in a Series A funding round led by MHS Capital. The company said it plans to use the new capital to scale its operations, expand its team and enhance technology for its platform, which directly connects vehicle haulers […] [Read More]

Notable indictors such as wholesale values and conversion rates show that auction landscape is “very stable” after the first month of the year, according to Black Book’s newest installment of Market Insights released on Tuesday. But changes could be arriving soon. “The market continued to be very stable last week with depreciation following a normal […] [Read More]