Black Book spent a good portion of its newest edition of Market Insights discussing three vehicle segments. Analysts on Tuesday detailed what’s going on in the wholesale market with full-size and small pickups as well as midsize cars. “Ahead of the Labor Day holiday, the market remained strong, with overall values showing only a slight […] [Read More]

OPENLANE wants transparency to go beyond just seeing what you’re buying at an online auction. Now you can hear it, too. The provider of digital marketplaces for wholesale used vehicles has launched Audio Boost AI, a new tool on its U.S. platform designed to improve dealers’ confidence and speed in evaluating vehicles. The feature, which […] [Read More]

MBSi announced this week that Desert Financial Credit Union has selected MBSi’s RecoveryConnect platform as its exclusive case management system. With this partnership, MBSi said Desert Financial gains a modern, flexible, user-friendly platform, as well as a trusted partner dedicated to strengthening the institution’s recovery operations by driving efficiency, transparency and compliance across the entire […] [Read More]

Alfa, a SaaS solution for equipment and auto finance, on Tuesday released Data Guardian, an advanced feature of Alfa Cloud. That’s the platform that delivers Alfa Systems as a service on the AWS public cloud. By combining dedicated isolated networking with multi-region and multi-provider data backups, Alfa highlighted that Data Guardian represents its approach to […] [Read More]

In July, OttoMoto announced the appointment of Heidi McMillen as a strategic advisor on its board of directors. Then on Labor Day, McMillen became the chief revenue officer for the embedded lending platform designed to boost how lenders and dealers collaborate. McMillen now will transition from her prior role on the OttoMoto board to lead […] [Read More]

Bringing 25 years of industry experience, Lobel Financial announced via social media on Tuesday that Tom Holgate is now president of the finance company founded in 1977. While Holgate’s professional career doesn’t date back quite that far, his profile on LinkedIn chronicles several leadership positions, including: —Executive vice president of auto finance and insurance at […] [Read More]

Saying “it’s by no means the finish line,” NextGear Capital recently hit notable numbers in its service as an inventory finance company for independent dealers. On Tuesday, the company said it surpassed 50% adoption of its self-audit feature in its mobile app. Introduced last year, this feature can enable independent dealers to complete audits at […] [Read More]

The National Football League season is about to begin. And Toyota is all in. In its third season as the Official Automotive Partner of the NFL, Toyota North America is launching what it called its “most ambitious commitment yet to deliver unrivaled fan excitement, community impact and unforgettable cultural moments” from the opener through Super […] [Read More]

Most dealers are focused on used-vehicle trades, digital retailing, and AI. But reconditioning (what happens in between acquisition and front line) is where significant profit still slips through the cracks. It’s common to see dealerships relying on spreadsheets, phone calls, and loose estimates to manage this process. But that outdated approach slows the process, misprices […] [Read More]

America’s Auto Auction said Tuesday it is hosting the grand opening of its Las Vegas Specialty Sale next week. The debut of this sale, set for 10 a.m. (PT) on Sept. 11, “represents a major milestone in the company’s expanding specialty segment and is set to become a key sourcing hub for dealers seeking RV […] [Read More]