Weltman, Weinberg & Reis recently reinforced its consumer collections group by adding two attorneys to the firm’s office in Columbus, Ohio. Joining the creditors’ rights law firm that boasts more than 94 years of client service are Angela Brown and Thomas Widman. With a unique perspective gained from her six years defending consumers in debt […] [Read More]

In a year filled with regulatory uncertainty, sales of new commercial vehicles soared. Used commercial vehicles … not so much. New-vehicle movement was up 14.2% from 2023, according to the 2024 Annual Commercial Vehicle Market Analysis from Work Truck Solutions, including a massive 19.4% quarter-over-quarter increase in the fourth quarter. Used sales, on the other […] [Read More]

UVeye just picked up another big financial boost. The company announced Wednesday it has received $191 million of funding from investors led by Woven Capital. UVeye said the funding will be used to help it meet “surging global demand” for its AI-driven vehicle inspection technology, which it said is nearing 1 million vehicles scanned every […] [Read More]

Credit Union Leasing of America (CULA) recently filled an executive role in a move the company did not anticipate having to do a few months ago. The provider of indirect vehicle leasing for credit unions for more than 35 years announced the appointment of Chris Harper as director of business development, replacing Mark Chandler who […] [Read More]

Algebrik AI, which offers what the company believes is the first cloud-native, artificial intelligence-powered, digital-era loan origination platform (LOS), announced a strategic partnership with Auto Exam, a provider of vehicle service contracts, GAP insurance, and collateral protection products. The companies said this collaboration aims to revolutionize auto financing by integrating comprehensive protection solutions directly into […] [Read More]

Modives and Connexion Mobility announced a new partnership to introduce identity and insurance verification into the automotive industry. Starting with courtesy transportation, Connexion Mobility’s dealership customers can now redefine their courtesy fleet risk management in a space the services providers said is exposed to tough-to-manage losses and increased regulation. CheckMy Driver, the Modives patent-pending insurance […] [Read More]

The American Recovery Association published a new whitepaper on Wednesday, attempting to clarify what the organization called misclassifications by finance companies and third parties of what constitutes a repossession and what is simply a vehicle tow. ARA began the whitepaper by writing it “asserts that any vehicle secured prior to the full term of a […] [Read More]

Raymond Farabaugh, president of D-Patrick in Evansville, Ind., has been named 2025 TIME Dealer of the Year. The award, in its 56th year, is presented in partnership with Ally Financial and the National Automobile Dealers Association, recognizing the nation’s most successful dealers with a longstanding commitment to community service. Farabaugh was selected from 49 nominees […] [Read More]

Dave Cantin Group has made significant changes to its leadership team as part of an ambitious growth strategy in preparation for what it called “a milestone year” in 2025. The dealership merger and acquisition advisory firm has promoted Brian Traugott to chief of staff for president and CEO Dave Cantin and chief business and strategy […] [Read More]

Merchants Fleet has a new captain. The fleet management company has named Matt Dyer as its CEO, saying he brings decades of industry leadership and expertise to the role. “Matt is an exceptional leader with deep fleet expertise and a proven track record of driving transformative change,” interim co-CEO Brad Burgess said. “His bold vision, […] [Read More]