Earlier this week, Alfa announced the completion of the Amazon Web Services (AWS) Foundational Technical Review (FTR) for Alfa Cloud, its single-tenant software-as-a-service product. The achievement completed by the provider of software for the asset finance industry also meant acceptance into the AWS Partner Network. The AWS FTR enables AWS Partners to identify and remediate […] [Read More]

Separate reports from TransUnion and LexisNexis Risk Solutions indicated consumers are shopping for new car insurance nowadays with similar intensity as they are for a different vehicle. As dealerships continue to offer insurance solutions in their F&I offices, findings from TransUnion’s latest quarterly Insurance Personal Lines Trends and Perspectives Report showed auto insurance shopping rates […] [Read More]

A quartet of industry executives took turns describing data contained in nearly 20 slides highlighting some of the top trends from 2023 Non-Prime Automotive Financing Survey that featured members of the National Automotive Finance Association and the American Financial Services Association. After touching on trends involving the book-to-look ratio, collections and fraud, the final slide […] [Read More]

On Wednesday, Launcher unveiled the fifth iteration of its loan origination platform. The technology provider said the latest version of appTRAKER LOS vV blends a “staggering” list of process improvements and workflow efficiencies for finance companies utilizing the appTRAKER LOS platform. Some of the enhancements to appTRAKER LOS vV are: APIs for seamless integration: appTRAKER […] [Read More]

Broadcasters of sporting events during an exciting portion of the contest sometimes will exclaim a phrase like, “Let’s see what happens next!” Well, Black Book experts are sort of doing the same thing as they’re watching the wholesale market, which generated another record weekly price decline. Black Book reported wholesale values dropped another 1.52% during […] [Read More]

The manufacturers of some of the aftermarket products that might make that used truck or SUV more appealing to your potential buyer now will operate as one company. On Tuesday, RealTruck announced it has acquired IDDEA (Industria Diseñadora De Autopartes), which goes to market under the Go Rhino brand. Officials said Go Rhino holds 40 […] [Read More]

Lotlinx is now offering dealers access to a weekly report it’s calling “the first of its kind.” The VIN-specific inventory management platform has launched the Lotlinx Risk Report, a free weekly data analysis customized to each dealer, designed to help dealers understand how they compare in the local market and identify areas of potential risk. […] [Read More]

FrogData rolled out its second new tool of the summer to help dealerships navigate through warranty claims. On Tuesday, the provider of artificial intelligence and decision analytics solutions for the automotive industry launched WarrantyMind AI, an end-to-end remote warranty administration service designed to optimize the warranty claims process for dealerships. As consumer demand rises for […] [Read More]

Agora Data announced last week that it closed a $160 million private term financing on Aug. 11, marking the fourth privately placed term financing for the company that offers low-cost capital along with performance data and analytics for independent and buy-here, pay-here dealerships. Agora said each of the company’s first three term financing deals performed […] [Read More]

Along with taking a deep look at the banking sector, S&P Global Ratings also published its latest views on U.S. auto loan asset-backed securities (ABS). Analysts arrived at four assertions when looking at ABS performance for June. They included: —Performance weakened for the month of June with prime and subprime annualized losses increasing month-over-month and […] [Read More]