A new player has plugged into the certified pre-owned vehicle market. Electric vehicle maker VinFast announced Thursday it has launched a CPO program in the U.S. The Vietnam-based automaker said in a news release that its certified vehicle program allows for greater, “access to premium electric mobility at a more accessible price point” and gives […] [Read More]

CarMax has earned recognition as a 2026 honoree of The Civic 50, a program from Points of Light that showcases the top community-minded companies in the U.S. The awards program, which is based on a comprehensive annual service, recognizes excellence in employee volunteering, community investment and social impact strategy. And the used-car retailer is in […] [Read More]

Affordability is top of mind for many consumers facing budget challenges in 2026. The auto market is no different. “Know Your Buyer, Grow Your Lot”, a new research ebook from Cox Automotive, which consulted with the National Independent Automobile Dealers Association on the project, found that most car shoppers at independent dealerships are often under […] [Read More]

“Finished on solid footing.” “The bigger picture remains one of balance.” “Settled into a much more normal pattern.” “Depreciation trends returning at a measured pace.” “Expect the used market to continue normalizing.” These were all used by analysts at Cox Automotive and Black Book to describe the wholesale vehicle market in June as the first […] [Read More]

With the auto-finance market among its targets, KredosAi, an artificial intelligence-powered collections platform that enhances revenue recovery by leveraging behavioral intelligence, recently announced the close of a $7 million Series A funding round led by BMW i Ventures. According to a news release, the round was oversubscribed, with strong demand from both new and existing […] [Read More]

Odessa is bringing a do-it-yourself technology value proposition to asset finance organizations. On Tuesday, the software provider launched Configurable Attributes, a new capability that can allow clients to adapt to the Odessa platform by themselves without custom code or vendor involvement. Odessa highlighted Configurable Attributes is designed to go beyond basic data capture. The company […] [Read More]

SBS — the global financial technology company that more than 1,500 financial institutions including AutoUse, NextGear Capital and Soda Capital use to digitally transform the way they operate — is launching SBS AI Foundation. The new development embeds enterprise artificial intelligence directly into the core banking, lending, and digital banking products its clients already run. […] [Read More]

The newest credit evaluation scoring tool from VantageScore launched Wednesday and is designed in part to benefit auto financing. VantageScore announced the availability of its newest tri-bureau credit score model, VantageScore 5.0. Building on VantageScore’s history of credit score innovation, VantageScore 5.0 utilizes the company’s all-new, patent-pending attributes to offer enhanced insights on consumer creditworthiness. […] [Read More]

Lobel Financial has a new chief information officer. The consumer finance company specializing in the purchase and servicing of automobile contracts on Monday appointed Ram Krishnan to this role. As its CIO, Krishnan will lead the company’s technology strategy, digital transformation initiatives, information systems, cybersecurity, and IT operations as Lobel Financial continues to invest in […] [Read More]

With the second half of the year underway, one of the used-car metrics that CarGurus is watching is the expected surge in off-lease volumes of electric vehicles. And it could be a double-edged sword. “A wave of off-lease EVs is heading into a market where demand is rising, which could be a welcome supply boost,” […] [Read More]