Wrongful repossessions might be the top trigger of migraines or nightmares of executives and managers who oversee collections at auto-finance companies. Experts say wrongful repossessions can cost lenders $50,000 to $150,000 per incident, and lien verification failures can account for 8% to 12% of wrongful repossession claims. To help lenders avoid that anguish, MBSi and […] [Read More]

America’s Auto Auction made its second acquisition of the week with the latest one being on the executive front. After revealing that it purchased Albany Auto Auction, the company on Wednesday announced the appointment of Zach Hallowell as executive vice president of transformation and innovation. America’s Auto Auction said this is a newly expanded role […] [Read More]

Axle and Experian are now collaborating in the fight against fraud. On Tuesday, Axle, a universal API for insurance data, announced a strategic collaboration with Experian to integrate Axle’s real-time automotive insurance verification into Experian’s Fraud Protect platform. The companies highlighted their joint effort introduces a new fraud-prevention layer for automotive dealerships and lenders, helping […] [Read More]

AmeriTrust Financial is taking its shot at solving the challenge of generating sustained momentum in an area of auto financing that’s frustrated the industry for decades. Used-car leasing. On Tuesday, the independent automotive finance company announced the launch of a fintech-driven lending platform designed to expand used-car leasing for franchised and large independent dealers nationwide. […] [Read More]

Imagine going through the auto-finance process in a foreign language. New technology from eLEND Solutions is looking to eliminate that potentially awkward or frustrating situation. On Tuesday, the company increased consumer access to its credit application program with the addition of a multilingual feature that can detect and seamlessly transitions into the customer’s preferred language […] [Read More]

Nordis Technologies announced the promotion of four of its executives on Tuesday, including a pair who have been with the company for about 30 years. Elevated into new roles for the provider of omnichannel customer communications management and payments technology solutions were Richard O’Rourke, Bryan Ten Broek, Lee Selinger and Jennifer Barcelo. “These leaders have […] [Read More]

RunBuggy is expanding its artificial intelligence-powered operations platform with a coordinated set of initiatives designed to improve shipment visibility, reduce preventable delays and support efficient growth as its auto transport marketplace volume increases. In a news release, the company said its marketplace has grown more than 10 times since 2019, currently managing of thousands of […] [Read More]

Artificial intelligence is the latest wave in the automotive world, and AutoTrader is diving right in. AutoTrader has launched an integration with ChatGPT, which the company said makes it the first Canadian vehicle marketplace directly available on the popular AI platform. The integration — a product of a “close partnership” with ChatGPT developer OpenAI — […] [Read More]

Within about a week of finalizing a similar relationship with IAA, CarDr.com announced a strategic partnership on Monday with Turn Automotive in a move that designed to connect OEM-level vehicle diagnostics with real-time inventory liquidity. The goal? Give dealers a faster, more confident way to evaluate, manage, and monetize inventory. Under the partnership, Turn Automotive […] [Read More]

ACV is bringing a viper to NADA Show 2026 this week in Las Vegas, and it’s not a snake or the Dodge muscle car from more than a dozen years ago. Rather, ACV announced the next wave of availability for the VIPER Early Access Program, extending its inspection technology, vehicle data and pricing capabilities to […] [Read More]