On Monday, Reynolds and Reynolds announced it has extended an agreement with Worldpay as its exclusive payments provider. According to a news release, this long-term extension positions Worldpay as the sole provider of all payment processing activities for the integrated payment solution, ReyPAY, which is designed to provide fast, convenient and contactless payment options for […] [Read More]

Car dealers aren’t the only ones experiencing significant fraud incidents nowadays. Experts at 700Credit found that motorcycle retailers are getting hit by fraud, too. The provider of credit reports, compliance solutions, soft pull and identity verification products recently announced results of an industry-wide survey of motorcycle dealerships that reveals “alarming” trends in synthetic fraud and […] [Read More]

Your underwriting department might be seeing more applicants who list their primary sources of income coming through services such as Uber or DoorDash. TransUnion wanted to get more clarity about these workers to help finance companies and other service providers. While consumers have grown accustomed to on-demand services, like ridesharing and food delivery, they are […] [Read More]

Douglas Adams, in The Salmon of Doubt, famously wrote, “Anything that happens before you’re born is normal; everything that happens between the ages of zero and 35 is revolutionary; anything that happens after that is against the natural order of things.” This sentiment may never have been truer as people today approach the rapid evolution […] [Read More]

There doesn’t seem to be an October surprise when it comes to wholesale used-vehicle prices. At least not yet. Halfway through the month, values are moving according to expectations, Cox Automotive said in analysis around its mid-month Manheim Used Vehicle Value Index. The company said wholesale prices through Oct. 15 were up 0.3% from September, […] [Read More]

While still up double-digit percentages, the growth in commercial vehicle volumes at auction is starting to slow. And that’s to be expected, according to the National Auto Auction Association. Through the first three quarters of 2024, commercial vehicle sales at auction have climbed 25.6% compared to the first nine months of 2023, NAAA said in […] [Read More]

Tom Oscherwitz was one of the first employees hired by the Consumer Financial Protection Bureau. Oscherwitz now is general counsel and regulatory advisor at Informed.IQ, an AI software company with a specialty in auto financing. In this episode of the Auto Remarketing Podcast, Oscherwitz highlighted what he found during a recent search of the CFPB’s […] [Read More]

Chase is leveraging the power of transportation to help more people near Dallas and beyond. Last week, Chase announced a $1 million investment in Dallas-based On The Road Lending to get more people behind the wheel so they can earn a better wage. By getting low-interest financing to purchase a fuel-efficient and reliable car, each […] [Read More]

CarGurus has graduated from Cambridge and moved into Boston. The company, which provides a digital platform for shopping, buying and selling vehicles, said Thursday it has opened its new global headquarters in the Back Bay neighborhood of Boston. The move to 1001 Boylston Street — where its 225,000-square-feet of workspace will anchor the Lyrik mixed-used […] [Read More]

CARFAX is estimating that upwards of 138,000 vehicles were flood damaged by Hurricane Helene, which caused destruction in at least six Southeastern states. Of those, the one with the most water-damaged vehicles from the hurricane is Florida at 60,700 vehicles. South Carolina is second at 27,500, followed by North Carolina at 22,900 and Georgia at […] [Read More]