The National Auto Auction Association now officially has a new leader. Paul Lips, who had been interim executive director since January, will become executive director on Saturday. Lips was NAAA president in 2013 and has served in various committee and executive capacities with the association. He spent 25 years with ADESA and what was then […] [Read More]

Fintech startup Exponential Exchange has published a tradable index for the used-vehicle market, billed by the company as the first of its kind, designed to offer a more accurate and efficient representation of wholesale price changes for pre-owned cars than currently exists. Combined with the company’s soon-to-launch derivative products, the Exponential Used Vehicle Index is […] [Read More]

A newly released TransUnion and J.D. Power study showed just how much risk is likely in your auto-finance portfolio nowadays. The study, “Impact of Unsettled Vehicle Values on Lenders and Consumers,” found that, as a result of well-established supply and inventory challenges early in and throughout much of the pandemic, vehicle values increased dramatically, in […] [Read More]

Domino’s Pizza has reached its goal of 800 electric vehicles in its delivery fleet — and it says there are plenty more to come. The pizza giant announced its 800th EV is now on the road, hitting the company’s target for the end of 2023. So, the company has raised the bar, with plans to […] [Read More]

An option to reinforce your dealership’s fraud-prevention strategy now is available. Point Predictive recently announced the integration of BorrowerCheck into the RouteOne credit application center. The companies highlighted integrating BorrowerCheck 3.0 into the RouteOne platform can give dealers a tool for identifying applicants with income, employment, and identity-related risks. Point Predictive and RouteOne explained their […] [Read More]

One of last year’s Emerging 8 honorees has a new brand and solution. Notarize recently relaunched itself as Proof, with both a new company brand and products for complete digital identity verification. Proof looks to deliver valid, secure, enforceable evidence for faster and safer digital transactions. Since its founding in 2015, Notarize has processed millions […] [Read More]

Experian wants finance companies and other lenders to be able to use new models and tools as soon as possible. To combat the challenges clients face in deployment and other operations, Experian launched of Ascend Ops, the company’s newest solution designed to empower finance companies and other lenders to install new features and models in […] [Read More]

Alfa, provider of Alfa Systems, recently published the fourth segment of its white paper series about how cloud-native technology can help auto and equipment finance companies. This new paper delves into SaaS and cloud services. Alfa discusses the different deployment models available, the factors technology teams should consider when making deployment decisions and the consequent […] [Read More]

Next up on our “NAAA 75th” series of the Auto Remarketing Podcast is a conversation with AutoTech chairman Tom Adams, who joined the National Auto Auction Association’s Hall of Fame in 1992. Adams talks with Cherokee Media Group president Bill Zadeits about his family’s legacy in the auto auction business, his career path and early […] [Read More]

CarMax struggled with a difficult macroenvironment in the first quarter of fiscal year 2024 but president and CEO Bill Nash put a positive spin on the market conditions. “What we are seeing now is depreciation, which you would normally see,” he said during the earnings call.  “While it can be a bit of a headwind for the wholesale business, I think overall it is good for the industry because ... [Read More]