It might be tough to top the emotional scene that unfolded when the National Automotive Finance Association gave the inaugural Jack Tracey Pinnacle Award last year. But undoubtedly the association will try as it opened nominations for the accolade to be handed out at the 2024 Non-Prime Auto Financing Conference, which is set for June […] [Read More]

While most electric vehicle owners can charge their cars at home, a majority of them are also regular users of public charging facilities, a new report said. The survey of 500 EV drivers in the U.S., conducted by ChargeLab, a provider of software for managing electric vehicle chargers, found 86% of the respondents have access […] [Read More]

Continuing our series of Auto Remarketing Podcast episodes from NADA Show 2024 in Las Vegas, AutoMobile Technologies managing director Mike Boyd and Repair OnDemand president Randy Kobat join Cherokee Media Group’s Joe Overby from the expo hall floor to talk repair and recon. Listen to their conversation in the window below and stay tuned for […] [Read More]

Brain+Trust, a provider of data and compliance services in automotive and other industries, has joined automotive information technology standards organization Standards for Technology in Automotive Retail. In a news release, STAR said Brain+Trust, which specializes in data management, data privacy, regulatory compliance, cybersecurity, artificial intelligence and future readiness, brings more than 100 years of combined […] [Read More]

J.D. Power has closed the deal on its acquisition of Autovista Group, a provider of automotive data, analytics and industry insights, opening the door for its move into Europe and Australia. In a news release, J.D. Power said the transaction will integrate Autovista’s data sets, insights and industry expertise with J.D. Power’s predictive analytics, valuation […] [Read More]

As the company pledged to do when releasing some initial findings late in January, Open Lending Corp. pushed out its entire 2024 Vehicle Accessibility Report this week. The report aims to illustrate how traditional underwriting practices have alienated and excluded many creditworthy near- and non-prime consumers, providing insights to help automotive finance companies offer reasonable […] [Read More]

Twin sisters Tracie Lane and Molly Johnson established Washington State Titling Services almost a year ago because of the challenges they experienced working at dealerships in the Northwest. This week, the pair said their sister company — the Title Twins — gained access through West Virginia’s Clearinghouse to broaden capabilities in the vehicle and vessel […] [Read More]

CarGurus has gone all in on CarOffer, closing its deal to take over 100% ownership of the digital wholesale platform in December. But, the company said in its fourth-quarter 2023 earnings call, getting a return on that investment is going to take time. CarGurus’ digital wholesale operation recorded ... [Read More]

Sometimes a trend surfaces in the car business that’s “natural,” like what Experian noticed after compiling its auto finance data for the fourth quarter. According to Experian’s State of the Automotive Finance Market Report released on Thursday, the average interest rate for new-vehicle financing reached 7.2% in Q4, up from 6.1% a year ago. Meanwhile, […] [Read More]

The Colorado Automobile Dealers Association has partnered with inSearchX’s AskOtto.AI generative artificial intelligence platform for its 2024 Denver Auto Show, coming up April 4-7 at the Colorado Convention Center. The collaboration is designed to strengthen auto buyer engagement and accelerate auto purchases, providing personalized vehicle recommendations, proprietary car analyses and access to vehicle services such […] [Read More]