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]

TradePending, a sales enablement and consumer experience software platform for car dealerships, has hired Madhu Kota as chief technology officer. TradePending is backed by Capstreet, a Houston-based lower middle market private equity firm. “Madhu has an impressive background in software product development, professional services, consulting and executive management,” TradePending CEO Brice Englert said. “As a […] [Read More]

IAA, a global digital marketplace connecting vehicle buyers and sellers, has implemented the J.D. Power ChromeData VIN Descriptions (CVD) service in the IAA Interact merchandising platform. The addition of CVD to the platform is designed to give IAA customers access to specific trim-level information for more than 90% of vehicles listed, including Ford and Toyota. […] [Read More]

Montway Auto aims to transform how dealer groups manage transportation costs. The third-party logistics brokerage has released its Montway Automation Portal, designed specifically for automotive dealer groups to consolidate data points from multiple stores on a centralized platform. The company said M.A.P.’s technology enables auto dealer groups to reduce rate-per-mile to maximize revenue, decrease cycle […] [Read More]

Santander Holdings USA recently announced findings from a new survey that shows middle-income American consumers were feeling optimistic in the fourth quarter, with 70% of respondents believing they are on the right track toward achieving financial prosperity and 80% believing they would achieve financial prosperity in the next 10 years. And what’s likely going to […] [Read More]

The Canadian wholesale, vehicle market depreciated by about a half a percent last week, according to the latest report from Canadian Black Book. Overall wholesale prices fell by 0.52% last week. Cars saw a more significant decline, dropping by 0.70%, while trucks and SUVs fell by 0.34%. None of the segments CBB tracks saw any […] [Read More]

If you’re looking for a used car, CarGurus has just the vehicle for you — and just in time. The 10th-generation Honda Accord came out on top in the online automotive shopping platform’s 2024 Best Used Car Awards, earning the title of Used Car of the Year as judged by CarGurus’ panel of reviewers. CarGurus […] [Read More]

SYCN Auto Logistics has added Karen Gerba as vice president of relocation division sales and partnerships. Gerba joins the company with more than 30 years in the global mobility industry, specializing in partnership engagements for corporate clients, relocation management firms and global supply chains. “Karen’s exceptional reputation and experience in the relocation space, coupled with […] [Read More]