FICO recently introduced new innovations to the FICO Platform that can improve real-time decision-making at both speed and scale. FICO highlighted the new enhancements can help teams break down silos and more efficiently reuse models and decision assets to drive better business outcomes. Updated FICO Platform capabilities include: —Data connection and ingestion: Increased flexibility in […] [Read More]

Motus, a provider of vehicle reimbursement and risk mitigation services, has joined with Flexco Fleet Services in a strategic partnership designed to support businesses in transitioning from company-owned fleet vehicles to reimbursing employees for the business use of their personal vehicles. In a news release, Motus said the collaboration will add to its onboarding services […] [Read More]

The slowdown in supply of later-model used vehicles is already having an impact in the retail car market, according to industry analyses released this month. Cars Commerce said in its latest Industry Insights Report that used-car inventory was up 1% year-over-year in July, due mostly to inventory of sub-$30,000 vehicles climbing 9%. But for $30,000 […] [Read More]

There’s an element of change at the top of one of the world’s largest automotive fleet management companies. Element Fleet Management announced two leadership transitions in its executive team, with chief operating officer and 20-plus-year company veteran Jim Halliday assuming the role of vice chair and Ian Oncea is moving up to replace Halliday as […] [Read More]

AutoPayPlus expanded its sales team this week, adding Averi Tucker as agency development manager. A child of the industry, AutoPayPlus highlighted Tucker grew up in her father’s dealership, giving her a deep-rooted understanding of the automotive world. Taking on many roles and growing to manage the business for more than 10 years, she gained extensive […] [Read More]

Twice during a nine-minute video presentation this week, Cox Automotive chief economist Jonathan Smoke suggested auctions, dealerships, finance companies and other operations involved with cars nowadays should “buckle up.” Especially considering the soft metrics coming from the labor market, with one research firm discussing “functional unemployment,” it’s likely prudent advice. The Conference Board said the […] [Read More]

Gulf States Toyota continues to expand its leadership team with the addition of a new senior vice president. The company announced it has named Toyota Motor North America executive Jeff Buchanan as SVP of strategy, talent and culture, effective Sept. 3. He will be tasked with “driving innovation and enhancing GST’s tech-forward strategy” as well […] [Read More]

Having weathered a series of storms over the past few months, AutoCanada is looking at more dark clouds ahead and searching for a silver lining. But executive chairman Paul Antony said during the dealership group’s second-quarter earnings call, the outlook is still iffy. “It’s just something we can’t forecast right now,” he said. “From my perspective, I think we’ll have ... [Read More]

Ask any football fan: a solid backup is critical. Along those lines, Advent Resources CEO Ben Gill joins the Auto Remarketing Podcast to discuss the company’s new Advent Parachute program, which is a backup sales DMS designed to give dealerships a reliable contingency plan during primary sales system outages. Advent said it deployed the Parachute […] [Read More]

Automakers love to load up their new models with the latest technology. But is there a point at which it’s too much? J.D. Power’s latest research suggests that point might have been reached. The 2024 U.S. Tech Experience Index Study, focused on the user experience with advanced vehicle technologies as they come to market, showed […] [Read More]