Two service providers are now working together to help smooth dealership processes associated with credit and data. Botdoc, a provider of secure file transfer and operational efficiency solutions, announce a strategic partnership with 700Credit, a provider of credit reporting and compliance solutions for the automotive industry. The companies said this partnership will integrate 700Credit’s services […] [Read More]

The Consumer Financial Protection Bureau finished last week with notable actions against a captive finance company and a credit bureau with total penalties against the companies approaching $30 million. Focused on the same topic the CFPB used to craft a lawsuit against Experian, the bureau said it is taking action against Equifax for what the […] [Read More]

Artificial intelligence software company Numa has launched what it says is the first AI agent platform for dealerships, designed to address communication breakdowns with customers and provide full visibility into all service communications within the dealership. With the new platform, Numa is also releasing two new AI agents: the Appointment Agent and the Call Intelligence […] [Read More]

Arguably the most active buyer of brick-and-mortar auto auctions in 2024 has now made a purchase on the technology side of the business. America’s Group said Monday it has bought AuctionVcommerce, a tech platform provider in the auto auction space. The move continues the expansion of America’s Group, which purchased Z66 Tulsa Auto Auction, Motley’s […] [Read More]

There were naturally some new battery-electric vehicles at this year’s Los Angeles Auto Show in late November. But another kind of electrified powertrain stole the show: hybrids. Long gone are the days when hybrids were a quirky type of powertrain that cost more and performed less than gasoline-powered vehicles. As the LA Show illustrated, hybrids […] [Read More]

CarDr’s diagnosis shows issues that could be costing the used-car industry more than $7 billion. The latest diagnostic study from the automotive diagnostic and appraisal technology provider, using data from CarDr’s on-board diagnostic scanner, found more than 5.5% of all vehicles analyzed had undetected transmission-related issues. The company’s report extrapolated that over the 7.3 million […] [Read More]

The National Auto Auction Association’s newly created Cybersecurity Task Force has completed its first task. The group, which was created in October following the NAAA World Remarketing Convention, launched its Cybersecurity Essentials for Auctions, an ongoing series of resources to provide information and guidance on cybersecurity protections for NAAA members. The first of those resources […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Dan Dionne, who is vice president of sales with RockED. Dionne acknowledged dealership salespeople often have to have “difficult conversations” with potential buyers when challenges arise such as bruised credit, negative equity […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Todd Smith, who is CEO of QoreAI. Smith explained how artificial intelligence now can swiftly match potential car buyers with affordable vehicles using real-time credit information and advanced algorithms. Listen to the […] [Read More]

Described by the service providers as a move “that promises to reshape the landscape of privacy, F&I, and credit compliance software,” ComplyAuto and Informativ recently announced a strategic relationship that will integrate their respective platforms to deliver dealers a comprehensive compliance solution. According to a news release, the partnership will enable users of ComplyAuto’s platform […] [Read More]