TransUnion described how quickly technology is being leveraged dishonestly, putting finance companies into a challenging place of chasing for someone who probably never even existed. Pat Phelan indicated individuals who are looking to commit sophisticated credit fraud are quickly moving their targets from goods that might cost less than $200 to some of the most […] [Read More]

Within weeks of reaching a partnership with a subprime auto finance company, AutoGravity — a FinTech developer on a mission to transform auto financing by harnessing the power of the smartphone — announced on Wednesday that potential buyers in 46 states can obtain up to four financing offers on any make, model or trim of […] [Read More]

Value retention for car segments is at a six-month high, according to Black Book, and the movement in one particular segment is proving to be “an encouraging sign.” Overall, car segments saw a 0.39-percent depreciation rate last week, the company reported in the latest Black Book Market Insights report. It was at 0.43 percent for […] [Read More]

In a move said to be a  "big win for our GM dealers," VinSolutions said Tuesday in a news release it has broadened its presence as Dealer Technology Assistance Program Certified provider. The division of Cox Automotive is adding equity mining tools, TargetPro and TargetPro+, which have been greenlit for the iMR Turnkey Vendor Program. TargetPro is […] [Read More]

The American Financial Services Association made the decision not long before the holidays to add another special panel discussion to its Vehicle Finance Conference; a segment dedicated solely to the subprime segment and to assuage concerns of a “bubble.” In front of a standing-room only audience at the Sheraton New Orleans, a trio of experts […] [Read More]

Reconditioning technology provider Dent Wizard International announced on Monday it recently moved its F&I division and customer service and claims management team to a new call center at a facility located one mile from the company’s headquarters in St. Louis.  Dent Wizard said the move is in response to continued growth of its F&I business. […] [Read More]

DealersLink announced it will unveil its new retail consumer site, MotorCloud.com, at the NADA Convention & Expo in New Orleans later this week. DealersLink Black Ops Dev Team began constructing MotorCloud over three years ago, and it will be available to DealersLink members this summer. “DealersLink was built on innovations that bring value to dealers,” said […] [Read More]

Trade-in lead application provider eAutoAppraise announced on Tuesday its platform has integrated with Dealer eProcess websites and vehicle details pages, following a partnership between the two this month.  “Our alliance will allow dealers to rest assured their customers are receiving fair and accurate evaluations on their trade-in vehicles with no disconnects in functionality, communication, or […] [Read More]

Back in November, TransUnion projected a marginal increase of non-mortgage debt levels held by Canadians to $21,747 by the end of 2017. And with an improved economic outlook, analysts predicted that reading — which includes vehicle installment contracts held by Canadian consumers — may reach $22,000 by the end of 2018. Auto Remarketing Canada circled […] [Read More]

 After climbing an average of 5 percent in the first quarters of the previous two years, used-car prices showed just 1-percent sequential growth in Q1 of 2016 — an “unusually low” amount, according to J.D. Power Valuation Services. The December-to-March change this time around? Expect something right down the middle. The company’s latest Guidelines report […] [Read More]