America’s Group has named a chief operating officer. The company, which includes America’s Auto Auction and AXLE Funding, has hired Paul Evans for the COO role. Evans’ background includes time as interim CEO and board director of Hill International, chief financial officer and treasurer at MYR Group, board director at GameStop, and CFO and board […] [Read More]

On Monday, S&P Global announced the acquisition of TruSight Solutions, a provider of third-party vendor risk assessments. Executives highlighted through a news release that the acquisition will combine with KY3P by S&P Global and integrate into the Market Intelligence division. They said the move will further expand the breadth and depth of S&P Global’s third […] [Read More]

In effort to boost auto financing and other services for members, Kentucky-based L&N Federal Credit Union selected Jack Henry’s Symitar platform to support its growth goals. Jack Henry said through a news release that the credit union recognized the need for a flexible and customizable platform as it prepared to surpass $2 billion in assets. […] [Read More]

Alloy released a survey report on Monday indicating that 27% of respondents involved in financial services lost more than $1 million to fraud during the past 12 months. The identity decisioning platform said 70% of respondents reported losing more than $500,000 to fraud, with fintech companies and regional banks being the most likely to report […] [Read More]

Consumer Portfolio Services (CPS) recently continued its robust roll out of artificial intelligence and machine learning solutions to provide greater payment flexibility and more efficient processing of retail installment contracts. The company — which provides indirect auto financing to individuals with past credit problems, low incomes or limited credit histories — closed out the year […] [Read More]

Consumer Portfolio Services (CPS) recently continued its robust roll out of artificial intelligence and machine learning solutions to provide greater payment flexibility and more efficient processing of retail installment contracts. The company — which provides indirect auto financing to individuals with past credit problems, low incomes or limited credit histories — closed out the year […] [Read More]

Whether it was a sign of things getting back to normal or a function of external and internal market factors, one thing was sure about December’s wholesale price movement: it looked a lot like the close of 2019. That was apparent in Black Book’s analysis around its latest Used Vehicle Retention Index, which came in […] [Read More]

Dealers who use vAuto now can take advantage of a new integration involving Stockwave and Ready Logistics. According to a news release from Cox Automotive, this integration enables Stockwave clients to see shipping costs and delivery times for vehicles at Manheim more easily, so they can take these critical factors into account and make more […] [Read More]

We’re finally emerging from one of the strangest times in automotive retail history. The onset of the COVID pandemic brought with it several supply chain issues, unpredictable inventory challenges, and inflated pricing that made car sales models look more like cryptocurrency markets than a century-old industry steeped in stability. Keeping an eye on how things […] [Read More]

This dealer group news roundup includes a Blue Oval franchise store acquisition along with a philanthropic move during one of the recent college football bowl games. Carousel Motor Group, which includes dealerships serving the Twin Cities region, announced on Friday that it has acquired Hudson Ford, which according to a news release is the No. […] [Read More]