Earlier this month, Informativ introduced Verified Stips powered by TurboPass to boost underwriting. Then last week, the provider of fraud prevention, compliance, and credit technology for the automotive and consumer finance industries made an even more substantial move, acquiring Carmatic, which is an intelligent payments-as-a-service platform built to deliver real-time, transaction-ready loan and lease payments. […] [Read More]

Lyft and Waymo plan to operate in harmony in the Music City. Lyft announced it is joining the self-driving technology company in a partnership to bring Waymo’s autonomous ride-hailing service to Nashville, beginning in 2026. With the collaboration, Waymo, owned by Google’s parent company Alphabet Inc., will use Lyft’s proprietary integrated fleet management services through […] [Read More]

America’s Group, which has been among the market leaders in auction M&A as of late, is aiming to boost its physical auction count to 60 in the near-term, says Chuck Tapp, CEO of America’s Group. The auction group, which currently has 46 physical locations along with a handful of mobile auction sites, is eyeing “sometime […] [Read More]

In the wake of gaining full ownership of Alliance Inspection Management this month, Cox Automotive is moving to up its inspection game. Cox’s Manheim Auctions has announced the formation of two new teams designed to “deliver a seamless, unified experience” for dealers and commercial clients across all channels. The Manheim Mobile Inspections team — which […] [Read More]

Cox Automotive is bringing its fleet businesses together. The industry giant announced it is merging its Fleet Services and FleetNet America brands into one fleet organization, effective Jan. 1, a “strategic alignment” Cox called a major step forward in its long-term commitment to the fleet industry. “Cox Enterprises has a 127-year legacy of innovation, transforming […] [Read More]

Car Pros Automotive Group made back to school a lot better for kids in Southern California and Western Washington. The dealership group’s charitable arm, Car Pros Cares, last month held its second annual Back-to-School Supply Drive, collecting and distributing school supplies to students. Donation boxes at Car Pros’ nine dealerships collected 12,142 items for local […] [Read More]

The FICO Score Credit Insights report — a new analysis offering a detailed look at how consumer credit behaviors are evolving across the United States — contained some notable trends about auto financing, especially associated with the consumers already in your portfolio. Analysts indicated the average FICO Score for newly issued auto finance loans has […] [Read More]

Along with its political action committee raising more than $100,000 during the event, the National Independent Automobile Dealers Association had nearly 150 dealers and industry members go to Capitol Hill on Tuesday during the NIADA Policy Conference to meet with lawmakers to discuss issues facing the used-vehicle industry. Dealers and industry members talked with Republican […] [Read More]

In the grand finale of our podcast episodes from Canada’s Used Car Week in June, conference chair and Cherokee Media Group president Bill Zadeits is joined by Brad Hart and Peter Snoyer on a panel celebrating the 20th anniversary of the conference and reflecting on the past two decades in the Canadian used-car industry. They […] [Read More]

The Federal Reserve “is in a pickle.” That’s the summation from Comerica Bank after the Federal Open Market Committee cut the federal funds target rate a quarter percent to a range of 4.00% to 4.25% on Wednesday. The move by policymakers came in the same month that rates for auto financing are on the rise. […] [Read More]