Perhaps you, too, had a little trouble getting back in the swing of things after Labor Day weekend. Black Book spotted a similar scenario unfolding at the auction since wholesale values dipped by 0.21% and last week’s auction conversion rate ticked down to 61%. Meanwhile, dealers might not have had much of a holiday break […] [Read More]

Vaughan Automotive’s reputation isn’t perfect. But it’s darn close. The dealership group, which operates three locations in Texas and one in California, claimed the No. 1 spot in Widewail’s Q2 2025 Voice of the Customer Top 150 Automotive Group Rankings, a quarterly report that evaluates groups for excellence in customer reputation. Vaughan’s strong review volume […] [Read More]

OPENLANE has reached definitive agreements to repurchase 53% of the company’s Series A Convertible Preferred Stock, originally issued in June 2020, for cash consideration of about $559 million. In a news release, the digital wholesale used-vehicle marketplace said the transaction will reduce the preferred shares held by funds advised by Apax Partners by approximately 50% […] [Read More]

Accrual Equity Partners is bringing another experienced car guy into its fold. The automotive industry private equity firm announced it has added James “JT” Taylor, who most recently led the Truist Securities automotive retail investment banking practice, as a managing partner. AEP said Taylor will collaborate with its portfolio companies to drive growth, expansion, technology […] [Read More]

The technology committee of the American Recovery Association didn’t just pinpoint what it believes are five of the primary challenges repossession agents face. The group also offered 15 recommendations to help smooth those challenges to foster what it called “a more connected, transparent, and forward-looking ecosystem.” “Technology is rapidly transforming the repossession industry. From compliance […] [Read More]

Soon after gaining a new client relationship in the credit union market, MBSi landed a partnership to drive vehicle recoveries and efficiency via what the company called near-time data. On Wednesday, MBSi and Loanbridge announced a new partnership to integrate Loanbridge vehicle data into the RecoveryConnect platform. This arrangement includes salvage, impound, accident, and other […] [Read More]

Jack Henry announced the winners of the 2025 Cobalt Awards on Wednesday during its annual client conference. The honors went to six financial institutions and fintechs that are redefining what it means to serve their communities through innovation, integration, and education, according to the banking technology provider. The 2025 Cobalt award winners included three categories. […] [Read More]

Citadel Credit Union, which is one of the greater Philadelphia area’s largest credit unions with more than 270,000 members and $6.4 billion in assets, this week promoted Eric Skinner to chief information officer. According to a news release, Skinner succeeds Brian Berry, who will retire later this year after 16 years with the credit union, […] [Read More]

Nordis Technologies has a new vice president of technology, naming Scott Cobb to the position on Tuesday and asking him to handle several responsibilities. The omnichannel customer communications management and payments technology solutions provider highlighted Cobb brings deep expertise in cloud software platforms, application development, and artificial intelligence, including machine learning. At Nordis, Cobb is […] [Read More]

Protective Asset Protection announced the expansion of its auto, RV, powersport, and marine training program, introducing new resources designed to equip F&I managers with the skills needed for success in a competitive market. The company highlighted that the enhanced program, which emphasizes the use of advanced technology and a comprehensive learning approach, aims to help […] [Read More]