In an effort to enhance the capabilities of underwriting departments, FICO recently announced the general availability of industry-specific versions of FICO Score 9 for U.S. auto finance companies and credit card issuers. The industry versions of FICO Score 9 are available from all three major U.S. credit reporting agencies. “The industry versions of FICO Score […] [Read More]

TechPoint, Indiana’s technology growth initiative, recognized NextGear Capital as one of the state’s technology success stories during its annual Mira Awards gala on May 2. Now in its 16th year, the Mira Awards celebrate the most innovative and successful technology companies in Indiana, as well as entrepreneurs and educators. NextGear Capital took home the IT […] [Read More]

Manheim announced Tuesday that it has promoted one of its employees to the position of general manager at Manheim Nevada. Continuing his seven-year run with Manheim and filling the GM position is Eddie Lafferty, who joins the Nevada location from his previous post at Manheim Seattle, where he served as assistant general manager since 2012. […] [Read More]

As seasonal strength wanes, trends seen throughout 2014 in the auction lanes are showing up once again. That is, truck values remain stable as car prices are starting to slide, as we approach the summer sales slowdown. In the latest Black Book Market Insights Report, analysts reported that a growing number of car segments are […] [Read More]

Auto/Mate Dealership Systems announced Monday that Lead Information Systems has integrated its customer relations management and Internet lead management software with the former’s dealership management system. Dealers who utilize the systems from both companies will benefit from seamless correspondence between the solutions. “We are proud to add LIS to our Open/Mate partners list so we […] [Read More]

As its parent company, KAR Auction Services, received another accolade, business unit Insurance Auto Auctions announced on Tuesday that its newest salvage auction location in Shady Spring, W.Va., is now open. The newest branch that company leadership says can service three different states is located at 4163 Pluto Road in Shady Spring. Insurance Auto Auctions […] [Read More]

Donlen has announced the winners of its Top Auction Awards, which the company gives annually to recognize its top auction partners that help maintain the company’s level of service in its remarketing program. “The partnership we form with auction partners is a vital component of our remarketing program and its success,” said Dan Powers, the […] [Read More]

Congratulating supporters for their generosity, organizers of the Recovery Agents Benefit Fund (RABF) highlighted the program’s success during the past year, which helped more than 50 families and distributed more than $250,000. RABF organizers indicated individuals asked for assistance from the fund because of falling on what they described as “exceptionally hard times” due to […] [Read More]

Asian-brand dealerships sold more than 99,000 certified pre-owned vehicles in April for nearly a 9-percent year-over-year increase. And European-brand dealers increased their CPO sales nearly 10 percent with more than 37,000 units moved for the month, according to Autodata Corp. More specifically, there were 99,046 CPO sales from Asian brands in April, Autodata said, which […] [Read More]

Domestic-brand dealers increased their April certified pre-owned sales by more than 15 percent, pushing their year-to-date total above 300,000 units, according to Autodata Corp. The Big 3 sold a collective 78,864 CPO units for the month, beating April 2014 figures by 15.5 percent, Autodata noted. Through four months, domestic certified sales reached 312,763 units for […] [Read More]