Last week, S&P Global Market Intelligence announced an expansion of its lending solutions suite to drive innovation across the global lending markets. The company said these enhanced solutions can enable operational scale by providing integration across solutions, digitizing and streamlining loan lifecycle management, increasing efficiency, decreasing operational and regulatory risk and enabling faster loan settlement […] [Read More]

Orchestrated just before the Federal Reserve trimmed interest rates in September, Credit Union Leasing of America (CULA) released a dozen findings from its Future of Auto Finance – the Next Six Months snapshot survey of credit union professionals. Not knowing at the time policymakers would roll out a cut of 50 basis points, credit unions […] [Read More]

Veros Credit on Monday recapped the addition of several key executives as part of its strategic initiative to expand operations and strengthen its presence across the United States. By leveraging cutting-edge systems and models to enhance the user experience of both dealers and customers, the subprime auto finance company said it is well-positioned to take […] [Read More]

Open Lending recently formed a partnership with Point Predictive Designed to bring enhanced speed, security and performance to auto finance companies that want to book near-prime and non-prime paper, the service providers highlighted that the partnership integrates the capabilities of Point Predictive’s new IEValidate solution and IncomePass solution into Open Lending’s Lenders Protection decisioning engine. […] [Read More]

It might seem like digital automotive wholesale would not have much overlap with supply chain management. But logistics and digital actually go hand in hand, as Joe Kichler, senior vice president of digital and supply chain at Cox Automotive, explains in this episode of the Auto Remarketing Podcast. In a conversation during this month’s NAAA […] [Read More]

The car-buying public has a message for the used-car industry, and it’s this: We don’t want to pay too much for a vehicle. That message was clearly conveyed in CarGurus’ latest Quarterly Review, which found sales of lower-priced used cars rising and high-end vehicle sales falling. “As we near the end of 2024, it’s clear […] [Read More]

An out-of-state customer tried to buy a used BMW over the phone from Baumann Auto Group. When the buyer’s credit application came through, Baumann had the buyer take a photo of their driver’s license using QuickScan, a document authentication software from 700Credit. The software informed Baumann that not only did the would-be buyer not live […] [Read More]

September in the wholesale vehicle market was a departure from the earlier summer months, as cooler temperatures brought lower prices. But look for a fairly steady market in the final few months of 2024, industry analysts said in reports this week. Cox Automotive’s Manheim Used Vehicle Value Index for September came in at 203.0, which […] [Read More]

Glenda Defas thought she was going to Rick Case Honda to buy a car. Instead, she received the gift of a lifetime. Defas, who lost her previous vehicle in a terrifying carjacking, fell to her knees in thanks when Rick Case Automotive Group president and CEO Rita Case told her the dealership was giving her […] [Read More]

Some 6.5 million vehicles were recalled in the third quarter of 2024 – thanks mostly to three automakers. Tesla, Stellantis and BMW accounted for 76% of all recalls during the three months ending Sept. 30, according to the Q3 recall report from recall management platform BizzyCar. The report is based on analysis of data from […] [Read More]