Experts say fraud is expected to surge amid uncertain economic conditions. Experian recently released its 2023 Future of Fraud Forecast, focusing on five threats that could prove challenging for consumers and businesses this year. This year’s annual predictions show that fraudsters will use some new deception techniques to outsmart businesses and deceive consumers. According to […] [Read More]

Intellaegis, which operates in the repossession and recovery spaces as masterQueue, named a new head of sales this week. Taking on the position is Brynn Layton, who will be reporting to Intellaegis chief operating officer Lance Suder and lead all sales and marketing efforts for the fintech company. “We’re excited to have a seasoned professional […] [Read More]

Brett Collett of Equifax shares his perspectives about how finance companies are approaching underwriting in this episode of the Auto Remarketing Podcast recorded during the 2023 Vehicle Finance Conference hosted by the American Financial Services Association. The vice president of Equifax’s auto vertical also mentioned what other parts of financing are on his radar to […] [Read More]

On-demand car care, tech and services company Spiffy said Wednesday it has closed on a $30 million Series C financing round. The company plans to use the funding for growth across its business units as well as its private-label hardware and Software-as-a-Service package for dealers called Digital Servicing. Additionally, Spiffy’s strategic investors now include a host […] [Read More]

Independent Dealer University recently announced fixed operations as the latest addition to its growing educational offerings. IDU has contracted with Billy Darr, a longtime auto industry veteran and acknowledged fixed ops expert, to create and teach the curriculum. The courses begin with Fixed Ops 100, an in-depth introduction to fixed ops that includes the positions/players, […] [Read More]

Wholesale prices moved higher for the second week in a row, prompting Black Book to look deeper into its data and declare why the month has “started off fast.” While just an uptick of 0.03%, Black Book acknowledged the string of positive market gains hasn’t happened since … [Read More]

An executive who had successful stops with Dealer Alchemist and Elead now is the new senior vice president of sales and marketing at Quantum5, a sustainable training technology platform for automotive. According to a news release distributed on Tuesday, taking on this role for Quantum5 is Dan Dillingham. Prior to joining Quantum5, Dillingham served as […] [Read More]

Another Canadian dealership group has expanded to the U.S. Ride Automotive, which includes two Kia stores in Canada, has purchased Simi Valley Chrysler Dodge Jeep Ram from Robert Bayer and Mac McKinley, according to a news release from Performance Brokerage Services, which advised on the deal. Ride Automotive plans to bring in Performance Brokerage Services […] [Read More]

You likely weren’t overreacting if it seemed like it was more difficult to get your dealership’s contracts bought last month. Cox Automotive reported access to auto credit tightened again in January, according to the Dealertrack Credit Availability Index for all types of auto financing. The index declined 1% to 98.0 in January, reflecting that auto […] [Read More]

It already might be Valentine’s Day, but we’re not yet finished with top 10 lists recapping 2022. NextGear Capital recently highlighted the Top 10 vehicles on its floor plan in 2022. Executives pointed out that eight of the top 10 vehicles floor planned with NextGear Capital last year represent the top three used vehicles sold […] [Read More]