Like they have in recent earnings reports, ACV Auctions leaders during the company’s first quarter 2024 earnings call on May 9 continued focusing the discussion on the topics of growth, innovation and scale. The company calls those topics its three “pillars” of strategy to maximize long-term shareholder value. Company leaders focused a great deal of their first quarter earnings call comments on ... [Read More]

Allied Finance Adjusters and Recovery Specialist Insurance Group (RSIG) are gearing up to host REPO 2024 from June 24-26 in Fort Worth, Texas. With a variety of sessions focused on compliance and other best practices, organizers also are planning an awards dinner and fundraiser for the Recovery Agents Benefit Fund (RABF). Among some of the […] [Read More]

Experian is aiming to provide simplification, scalability and automation through new enhancements to its cloud-based Experian Ascend Technology Platform. Experian unveiled these enhancements to more than 500 business leaders during its annual Vision conference in Scottsdale, Ariz., representing a significant evolution in streamlining business-to-business software solutions. Experian highlighted its platform now brings together software tools […] [Read More]

Last week, Alfa launched the fourth of six releases that make up Alfa Systems 6. The latest one is Scalability that’s designed to present functionality designed for providers looking to scale their business with flexibility and speed. The company highlighted Scalability in Alfa Systems 6 can apply to providers looking to expand within their current […] [Read More]

Coinciding with the Supreme Court ruling that the Consumer Financial Protection Bureau’s funding process is constitutional, the Federal Trade Commission went to Congress last week seeking additional annual funding for its personnel and resources. Chair Lina Khan appeared before the U.S. House Appropriations Subcommittee on Financial Services and General Government to discuss the agency’s 2025 […] [Read More]

On Wednesday, Tricolor announced its fourth social bond — a $277 million issuance — designed to cater to underserved, low-income Hispanic communities and provide access to auto financing. The award-winning fintech company that leverages artificial intelligence to successfully underwrite and extend contracts to credit invisible customers said JPMorgan acted as the lead structuring agent with […] [Read More]

Used-car retail sales in April were ahead of prior-year figures, but the market was challenged, given the end of tax season and the hurdles of low supply, affordability and high interest rates. And that’s to be expected, says Cox Automotive. The company said in a Data Point report last week that independent and franchised dealers […] [Read More]

Experts at Edmunds, Equifax and TransUnion all touched on car affordability in the past 10 days when analyzing the financing and retailing scenes. The topic surfaced again on Tuesday when Black Book discussed how wholesale prices dropped another 0.24% last week; an amount more than double what lane watchers recorded a week earlier. “The wholesale […] [Read More]

Australia-based mobility software provider Loopit has raised $3.95 million in pre-Series A funding to enter the U.S. market. The company’s technology allows automakers, dealers and rental car companies to provide vehicle usage models like car subscriptions and micro-leasing. Porsche, Subaru, Polestar and SIXT are among the companies to which it provides mobility management software. The […] [Read More]

AccuTrade has hit the accelerator. Cars Commerce’s “instant appraisal engine” took a leap forward in the first quarter of 2024, CEO Alex Vetter said during the company’s recent earnings call, growing to just under 1,000 accounts and generating more than 622,000 appraisals in that span. And that growth was a key piece in Cars Commerce’s successful Q1, which ended March 31. Overall, the company reported ... [Read More]