Odessa is leveraging 26 years of experience as a software company specializing in equipment leasing to enter auto financing. Last week, the company rolled out its platform for captives, banks and other finance companies. Odessa Auto is geared to be the first part of a full-service end-to-end auto finance suite for finance, leasing, and as-a-service […] [Read More]

Allied Solutions and FINOFR recently expanded their ongoing partnership to expand their digital footprint for financial institutions. The result is an integration called Vehicle Protection Reset, which merges FINOFR’s platform with Allied Solutions’ iQQ and Direct Impact Marketing solutions. By combining these forces, the companies said financial institutions can recapture post-close product opportunities and enable […] [Read More]

Last week, 700Credit — a provider of credit reports, compliance solutions, soft pull, identity verification and fraud detection platforms — announced an integration with iTapMenu, an F&I menu platform that offers e-signature and e-payment solutions. The new integration includes the Mobile Driver’s License Authentication Platform (QuickScan), Red Flag and OFAC compliancy tools. Executives recapped that […] [Read More]

Privacy4Cars continued its ongoing drive toward solving the privacy and security issues posed by vehicle data last week by announcing the U.S. Patent Office approved three new patents. The company highlighted two patents are novel areas of expansion for Privacy4Cars. The first patent titled, “Artificial Intelligence Based System and Method for Generating Dynamically Variable Multi-Dimensional […] [Read More]

The dealership news roundup involves activities at Asbury Automotive Group, Victory Automotive Group and Fifth Wave Automotive Group. According to a news release from Tim Lamb Group, the firm brokered the sale of Folsom Lake Chrysler Dodge Jeep Ram in Folsom, Calif., earlier this month back to its original owner, Fifth Wave Automotive Group. Tim […] [Read More]

On Sunday, USAA made the first of four vehicle donations to veterans and their families as part of a project with Recycled Rides that’s orchestrated by the National Auto Body Council (NABC). USAA gifted the first of four vehicles in San Diego. The employees at Fix Auto Poway volunteered their time to restore the vehicle. […] [Read More]

The newest Auto Finance Digital Transformation Index from Wolters Kluwer showed the strongest eContracting quarterly adoption rate on record. During this first quarter of moderate growth in sales, Wolters Kluwer said auto retailers and their financing partners continued to seek opportunities to adopt digitized contracting and documentation workflows to increase back-office efficiency, and documentation compliance […] [Read More]

The American Financial Services Association (AFSA) leveraged its membership base to create its latest ongoing project — the Consumer Credit Conditions Index (C3 Index). AFSA revealed the first findings from this initiative, which is meant to fill a need among finance companies, lenders, policymakers, consumer-facing businesses, the financial media and the public for a set […] [Read More]

While the upswing in 2024 isn’t likely to be as strong as last year’s, the wholesale vehicle market is showing a gradual rebound in volumes and has started the year with some impressive gains. At the Manheim auto auction chain, wholesale sales climbed in 11 of the first 13 weeks of the year and were up 15% year-over-year in the first quarter, said Jeremy Robb, senior director of economic and industry insights at parent company Cox Automotive. Year-to-date through February, there were ... [Read More]

It continues to be a celebratory atmosphere in the auction world. While BSC America’s Bel Air Auto Auction recently commemorated its 77th anniversary, the National Auto Auction Association is gearing up for this year’s World Automobile Auctioneers Championship (WAAC). What NAAA considers the premier competition in the auto auctioneer industry is set to take place […] [Read More]