Going counter to the recent trajectory seen by Black Book, Cox Automotive is watching wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) moving higher. That’s at least looking at the first 15 days of June compared to May. Analysts reported on Wednesday that the mid-month Manheim Used Vehicle Value Index rose 1.7% […] [Read More]

F&I Sentinel on Wednesday announced its first significant platform upgrade since the acquisition of aftermarket refund solution provider Express Recoveries from Cox Automotive last year. Executives highlighted these upgrades are a result of incorporating the Express Recoveries platform into F&I Sentinel’s Managed Cancellations solution and extensive insights from the company’s more than 100 lender customers. […] [Read More]

OttoMoto and Algebrik recently announced partnership to leverage the collective capabilities of their platforms fueled by artificial intelligence and other technologies and designed to help finance companies and dealerships. The partnership is geared so dealers and lenders can leverage real-time data analytics to reduce friction, accelerate loan approvals, and improve overall performance. The companies said […] [Read More]

Auto finance has become more digitized in recent years. It’s something Wolters Kluwer tracks quarterly. But there is still plenty of paper making the rounds, including checks. It’s part of the reason why three federal bank regulatory agencies this week announced a request for comment on potential actions to help consumers, businesses, and financial institutions […] [Read More]

Yotta Automated Software Solutions (YASSI), a provider of live vehicle and title data intelligence for the vehicle, lending and insurance industries, welcomed Anne Ferro to its board of directors this week. Ferro possesses more than three decades of leadership experience in public sector innovation, motor vehicle safety, and regulatory governance. She most recently served as […] [Read More]

This week, Ascent Dealer Services announced the appointment of James Mercer as vice president of sales for the provider of F&I solutions. Mercer brings nearly 20 years of experience in the automotive insurance sector. Most recently, he served as divisional sales director at Protective, one of the largest automotive insurance companies in the country, where […] [Read More]

Coinciding with Canada’s Used Car Week, EBlock on Wednesday announced the opening of its new auction facility in Halifax, Nova Scotia, along with plans for a similar site in Edmonton, Alberta. The company highlighted this strategic expansion underscores EBlock’s commitment to its “Canada-first” strategy and its vision of blending traditional auction methods with cutting-edge digital […] [Read More]

Clarivoy has more data for dealerships to consider when examining their advertising effectiveness. The company that specializes in multi-touch sales attribution and advanced identity resolution for automotive on Tuesday announced the launch of its exclusive new metric: Marketplace Visit Attribution (MVA). Through strategic partnerships with leading automotive marketplaces, including Autotrader, Cars.com, CarGurus, and Edmunds, and […] [Read More]

Here’s another relationship designed to put more charge into the electric-vehicle space. The American Center for Mobility, VicOne, and Block Harbor have entered a memorandum of understanding (MOU) to offer security services around electric vehicle charging as part of ACM’s mission to enable safe, sustainable, and secure mobility technologies. The organizations said the security of […] [Read More]

Along with highlighting a continued decrease in wholesale prices and a sagging auction conversion rate, Black Book’s newest Market Insights released on Tuesday pinpointed six specific vehicle segments that made the most significant value moves in the lanes last week. Overall, Black Book reported wholesale prices declined 0.47%. And analysts said bidding activity also slowed […] [Read More]