Chase, Capital One, Global Lending Services and Westlake Financial all now have more in common than just providing auto financing. On Monday, Chase joined the trio already working with CarGurus to expand options for consumers looking to pre-qualify for auto financing while enabling dealers to better serve the growing number of shoppers who prefer to […] [Read More]

With a double-digit-percentage rise in commercial vehicle volumes, along with notable changes in the quality and prices of vehicles, 2023 was a “pivotal point” for the auction market, at least from the perspective of commercial consignors. AutoIMS examines that perspective in greater detail through its latest quarterly Industry View report, which is a “compendium of metrics featured in the AutoIMS Sales Scorecard that reflects the AutoIMS database (with a few needed exclusions) — a vast majority of the commercial sales volume at wholesale auto auctions in North America.” That AutoIMS report indicates there was ... [Read More]

After receiving no answer from President Biden to their request in November to “tap the brakes” on strict vehicle emissions standards, car dealers throughout the nation are now urging the White House to “hit the brakes.” Nearly 5,000 dealers representing all 50 states this week signed onto a letter to the President urging him to […] [Read More]

Auto logistics providers anticipate a large increase this year in the volume of battery-electric vehicles, or BEVs, they transport. Two areas stand out when discussing handling those electric vehicles versus internal combustion engine vehicles, and each area has its own ramifications for the industry. “The two biggest differences are mass and helping ensure the battery […] [Read More]

Auto industry technology service provider Orbee announced a collaboration with inventory acquisition and management platform VINCUE with a focus on integrating VINCUE Boost — a VIN-specific, automated advertising engine — with Orbee’s customer experience middleware technology. Orbee said its technology will integrate VINCUE Boost into new advertising platforms, expanding its reach and effectiveness and enhancing […] [Read More]

Cox Automotive said it’s “doubling down” on its commitment to vehicle logistics. The auto industry giant announced an investment of more than $100 million in its Central Dispatch brand to “revolutionize the vehicle transport industry through technology.” Cox said the investment will transform Central Dispatch from a matchmaking service that connects shippers and carriers into […] [Read More]

Developers at defi SOLUTIONS took what they called their next step toward continuous improvement this week, building on decades of software development to release defi ORIGINATIONS. With expertise gained from the delivery of two originations systems and honed through close, long-term partnerships with some of North America’s top finance companies, defi ORIGINATIONS is designed to […] [Read More]

GDS Link announced a strategic partnership with Carleton this week. The potential benefits derive from integrating Carleton’s financial calculations, CarletonCalcs, and lending document generation software, CarletonDocs, within GDS Link’s credit risk decisioning solutions. CarletonCalcs is a suite of configurable payment calculation and compliance APIs that are designed to integrate seamlessly with lending and leasing applications, […] [Read More]

On Thursday, Credit Acceptance announced the promotion of Jay Martin to chief financial officer, a move that had become effective two days earlier. Martin joined Credit Acceptance in 2003, serving in a variety of “increasingly challenging” roles throughout his tenure. Most recently, Martin was senior vice president of finance and accounting. “He has played a […] [Read More]

Black Book announced it has expanded its integration with CarWiser Xchange, a platform and tool designed to give dealers access to consumer cars and enables consumers to receive instant vehicle offers. In a news release, Black Book said CarWiser “champions a new era in vehicle acquisition efficiency and dealer consumer engagement” by connecting consumers with […] [Read More]