As the industry was getting set to celebrate Thanksgiving last week, OneMain Holdings and Jefferies Financial Group reached a definitive agreement under which OneMain will acquire Foursight Capital from Jefferies for $115 million in cash. OneMain chairman and CEO Doug Shulman explained why the non-prime company chose to make this move for Foursight, an auto […] [Read More]

When it comes to reputation among consumers, Mazda and Subaru are at the top of the heap, according to Cars Commerce’s latest research. The Cars.com Experience Report measured the reputation of the major automotive brands based on analysis of consumer reviews about dealerships nationwide on Cars Commerce’s Cars.com marketplace. Cars Commerce said the Experience Report’s […] [Read More]

Dealership software provider Reynolds and Reynolds has partnered with TrueSpot, a real-time location services company, following a “significant investment” by Reynolds. In a news release, Reynolds said the partnership underscores its focus on innovative technologies to help auto retailers be more successful, and TrueSpot’s commitment to advancing asset location intelligence. TrueSpot’s platform is designed to […] [Read More]

STELLA Automotive AI has completed an “intelligent read-write” integration with end-to-end service department platform myKaarma designed to allow STELLA to operate seamlessly within a dealership’s fixed ops platform. STELLA uses conversational AI to manage data input and operational processes like a service advisor, which the company said will give dealerships with the myKaarma platform “an […] [Read More]

In an era where over 100 million Americans are tethered to car loans that total some $1.6 trillion in debt, the spotlight on the auto finance industry has intensified. This is not just about numbers, it’s about the responsibility that comes with them. As a veteran of the business and legal aspects of the automotive […] [Read More]

Buy-here, pay-here dealers often want to know two pieces of information about customers in their portfolio. Are they current on their monthly payments, and do they have valid car insurance? If your dealership customers need to find a more affordable coverage option, Clearsurance.com recently published a report on the cheapest car insurance companies in the […] [Read More]

E-signature solutions company Syngrafii is working to ramp up its identity verification capabilities and provide their customers more ease in the process through a new partnership with Trulioo identify document verification. Trulioo’s identity document verification tool is now integrated into Syngrafii’s linked sign and video signing room platform. The two companies said in a press […] [Read More]

Wholesale vehicles price drops lessened a bit last week, with an average decline of 0.38%, says Canadian Black Book. CBB data shows car segment prices dropped by 0.23%, while pickups and SUVs prices fell 0.53%. This continues a trend of truck depreciation being higher than that of cars, except for the small pickup segment. Although […] [Read More]

Lizz Callaway of Microsoft Autos had a busy Used Car Week, being honored as one of Cherokee Media Group’s “40 Under 40: Industry” and leading a workshop about harnessing the power of artificial intelligence for seamless vehicle transactions. But she also took the time to visit with Cherokee Media Group associate editor Andrew Friedlander on […] [Read More]

Repair OnDemand, a provider of repair and reconditioning services technology, has added Bill Robinson as managing director of the repair exchange, a newly created role the company calls “pivotal.” Repair OnDemand president Randy Kobat said the move “marks a transformative moment” for the company. “His track record of spearheading innovation and driving growth aligns perfectly […] [Read More]