The newest auto-finance data Edmunds released on Wednesday focused specifically on new-vehicle purchases and excluded used. But it still showed the conundrum lenders are facing nowadays associated with average negative equity, which climbed to an all-time high in the third quarter. Edmunds said Americans with upside-down car loans owe more than ever. The average amount […] [Read More]

FICO on Wednesday announced that Associated Bank has successfully upgraded from FICO Auto Score 8 to FICO Auto Score 10, leveraging dual processing to validate predictive benefits, enhance underwriting accuracy, and improve applicant assessment. According to a news release, Associated Bank has total assets of $41 billion and is the largest bank holding company based in […] [Read More]

Late last week, Kikoff, a credit-building platform, and Caribou, an auto refinance platform, announced a strategic partnership to expand financial access and control for millions of consumers. Caribou will now be featured as a trusted brand within the Kikoff Marketplace, bringing together two “mission-driven companies united by a vision of financial empowerment,” according to a […] [Read More]

On Wednesday, RouteOne announced that Fuse has become the latest integrated loan origination system (LOS) to certify its platform with RouteOne’s advanced eContracting functionality, known as the Digital Deal. RouteOne reiterated this innovative solution enhances efficiencies for both finance sources and dealers, featuring a required forms list and automated document classification. Fuse, as a certified […] [Read More]

Fueled by funding secured this summer, the busy year for FlexPath DXP continued on Tuesday with the launch of single vehicle payment prequalification (SVP). It’s a feature available through FlexPath’s identity-verified prequalification solution VeriQual that lets consumers see real, personalized payments on individual vehicles — not estimates — based on their verified credit profile. With […] [Read More]

It’s a full-circle moment for TrueCar and Scott Painter. The company’s founder and former CEO is leading a group that plans to acquire the automotive digital marketplace. Upon close, Painter, who stepped down as  CEO in 2015, will return as CEO. TrueCar announced Wednesday that it is going private through a deal in which Fair […] [Read More]

Manheim held its most successful back-to-school fundraising campaign ever. Cox Automotive’s auction chain brought in $519,788 for the Boys & Girls Clubs of America from its 2025 back-to-school campaign, surpassed the 2024 total by more than $160,000, the company said. Manheim noted the record came in its 80th anniversary year, which it said “underscores its […] [Read More]

The number is vehicles recalled in the U.S. has been rising steadily. The latest Recall Report from recall management platform BizzyCar found automakers issued 96 recall campaigns in the third quarter of 2025, covering nearly 8.5 million vehicles, the most since Q1 2024. That’s up 16% from Q2, when recalled vehicles spiked to 7.3 million, […] [Read More]

Through three quarters of 2025, wholesale auction sales are beating year-ago figures by nearly 6%, with commercial consignor volumes especially strong as of late. That’s according to AuctionNet data from the National Auto Auction Association, which said auction sales climbed 5.5% year-over-year in September and were up 6% for the third quarter. Year-to-date sales are […] [Read More]

Lithia & Driveway’s aggressive approach to the dealership M&A market remains intact. In fact, it’s racing ahead at full speed. The giant dealership group, which operates more than 400 locations in the U.S., Canada and the U.K., has acquired Stivers Decatur Subaru in Decatur, Ga., from Stivers Automotive Group. In a news release, the company […] [Read More]