Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, signed up four new credit unions to its program during the first quarter. Now using its Walk-Away Balloon Lending Program are Advantage Federal Credit Union, Ancorum Credit Union, Gulf Coast Federal Credit Union, and Pacific […] [Read More]

Credit Union Leasing of America (CULA) now supports vehicle leasing in 35 states through more than 40 credit union partners thanks to the newest partnership announced on Wednesday. CULA is now working with Frontier Community Credit Union, a Kansas-based credit union serving more than 18,000 members and managing more than $204 million in assets. This […] [Read More]

This week, Alfa announced the expansion of Alfa Systems, its SaaS platform for equipment and automotive finance, to support commercial loan operations. Already adopted by several commercial loan providers, the company highlighted Alfa Systems can bring together originations, servicing, payments, and risk management capabilities to help commercial lenders streamline operations and enhance control across multiple […] [Read More]

Launcher Solutions announced a collaboration with Experian on Tuesday. The provider of loan origination technology for automotive and consumer lenders is integrating Experian Verify directly within the appTRAKER Loan Origination Platform, enabling real-time income and employment verification. According to a news release, this integration can enable lenders using Launcher’s appTRAKER platform to access automated income […] [Read More]

Triggered in part by five accomplishments while with the company for the past eight years, Nordis Technologies on Wednesday named chief operating officer Nicole Miller to the additional role of president. The provider of omnichannel customer communications management and payments technology solutions said Miller is now leading all day-to-day operations as founder Ronnie Selinger steps […] [Read More]

Here’s an example from the car-warranty industry where companies are leveraging artificial intelligence to help people, not replace them. On Tuesday, CARS Protection Plus, a provider of vehicle service contracts, announced it has gone live with Circuitry.ai’s Warranty Decision Intelligence platform to support faster, more consistent claims decisions and improve communications with repair facilities. Implemented […] [Read More]

Two years before the Great Recession started, Endurance Warranty Services opened operations as a provider of auto protection plans to consumers and dealerships across the U.S. Now two decades later, Endurance is celebrating with a look back at its milestones, drivers and dealers served, and what comes next for the company that can help consumers […] [Read More]

Black Book said its estimated reading of used retail days to turn is now at roughly 34 days. Turn time has remained at or below 40 days since the middle of February. Perhaps helping to keep that metric at that level is the “selective” behavior Black Book continues to see at auctions. According to the […] [Read More]

DealerOn has done NASA one better. While the space agency recently launched the first astronauts to visit the moon in more than 50 years, the provider of auto dealership websites and digital sales and marketing technology boasted two launches on the same day. Tuesday, DealerOn introduced OnPrompt, an artificial intelligence search visibility platform built for […] [Read More]

Hertz is known for renting cars, but its future is in sales. The latest new venture for Hertz Car Sales is a digital retail presence on eBay, one of the world’s largest online automotive marketplaces, which “advances Hertz’s strategy to make retail its primary sales channel,” the company said in a news release. The company […] [Read More]