On Wednesday, F&I Sentinel announced the successful completion of its acquisition of Express Recoveries from Cox Automotive that was first revealed less than a month ago. The F&I risk management solutions provider said the entire Express Recoveries team that currently supports the business is now part of the expanded F&I Sentinel team. Express Recoveries connects […] [Read More]

Open Lending Corp. finalized a pair of partnerships before closing the first month of the year. First, the provider of risk analytics solutions for financial institutions launched a partner integration with CreditSnap, a fintech platform that can allow financial institutions to deliver lending and deposit account automation using pre-qualification technology, application programming interface (API) integrations […] [Read More]

Black Book’s experts happily used the term “stability” multiple times when compiling their latest installment of Market Insights, which was released on Tuesday. Black Book got to use that word because overall wholesale prices softened 0.33% during the week that included the last day of January and the industry conferences in Las Vegas. Plus, that […] [Read More]

Sure, franchised dealer used-vehicle sales in 2023 fell 7% compared to the previous year and used retail prices declined 3%. Nonetheless, it wasn’t such a bad year for the used market, and 2024 won’t be so bad either, Jonathan Banks, J.D. Power vice president of product development, valuation services, said during the J.D. Power Auto Summit preceding NADA Show 2024. “At first blush (2023) looks like a really challenging year. But actually, it was ... [Read More]

Vehicle reconditioning services provider Dent Wizard International has promoted fixed operations director Ryan Edwards to vice president of its auction channel to lead all auction-related activities while developing and maintaining strategic relationships with stakeholders on a national level. In his new role, the company said Edwards will work to develop and implement a comprehensive auction […] [Read More]

We’re now a year and a half into the upward march for bankruptcies. Reinforcing findings from the Consumer Stress Legal Index (CSLI) recently shared by LegalShield, data provided by Epiq Bankruptcy last week showed total bankruptcy filings jumped 17% year-over-year in January. Epiq reported total bankruptcy filings came in at 36,607 in January up from […] [Read More]

Sourcing, screening and decisioning platform Trust Science has chosen a veteran tech investor and innovation guru to its board of advisors. Chosen for the position is John Ruffolo, whose background includes stints as the founder and managing partner of Maverix Private Equity, founder of OMERS Ventures, and co-founder and vice chair of the Council of […] [Read More]

Safe-Guard Canada customers have a new experience waiting for them online. The branded protection products company announced the launch of its new website and Protection Products Platform. The company said this move “signifies the company’s digital transformation from a third-party administrator (TPA) to a Protection Products Platform that delivers frictionless service, consistency and customer-centric solutions.” […] [Read More]

Carmigo, an online marketplace and wholesale platform for dealerships, has launched what it calls its biggest product since the company’s founding. Carmigo Turn is a new wholesale platform designed to help dealers isolate their slow-moving inventory and set an automated wholesale strategy from Day 1. The company, which has focused on sourcing consumer cars for […] [Read More]

Tina Miller, senior vice president and chief financial officer of Lithia and Driveway, was honored by Cox Automotive as the recipient of its annual Barbara Cox Woman of the Year Award during the NADA Show last week in Las Vegas. The award, named for Barbara Cox, the late co-owner of Cox Enterprises and daughter of […] [Read More]