Experts said credit scores are generally higher nowadays, but outstanding portfolios aren’t necessarily reflecting a financial health often seen with contracts connected to higher points on the credit spectrum. A new TransUnion study determined that median credit scores — aided by government assistance programs, lower credit usage and loan payment forbearance offerings — increased markedly […] [Read More]

Sometimes, finance companies literally are doing damage control when vehicles in their outstanding portfolio are involved in crashes, weather events or other incidents. On Wednesday, Solera Global Corp launched Intelligent Triage, a web browser-based tool the company said can eliminate the need for extensive integrations or software installations. Solera highlighted this global visual intelligence service […] [Read More]

The American Recovery Association packed an agenda for its next information webinar, with a trio of experts set to discuss four of the most pressing topics impacting repossession agents nowadays. The session also is scheduled to include two of the industry representatives in Washington, D.C., who plan to give an update on what’s happening on […] [Read More]

Informed.IQ shared new data on Wednesday that pinpointed the top 10 states the company has seen applicants with overstated income as well as applicants submitting fake paystubs. The states where applicants most often overstate their income by 10% or more, sorted by the percentage of applicants within the state who are overstating their income, include: […] [Read More]

For the third consecutive year, the Enterprise Holdings ROAD Forward initiative is awarding grants to more than 600 local nonprofit organizations as part of Enterprise’s five-year, $55 million ROAD Forward commitment. This year’s round of grants to local nonprofits, totaling more than $7 million, will be distributed from the organization’s 70-plus operating groups in the […] [Read More]

Dealerware, a fleet management technology provider serving automotive retailers, has launched an integration with the Toyota app designed to simplify vehicle rental experiences for Toyota customers and save Rent a Toyota fleet managers time and money. The integration gives Toyota customers a mobile tool for rental reservation management, allowing them to create, modify and cancel reservation […] [Read More]

June marked another 45% year-over-year increase in the number of new vehicles being sold into large rental, commercial and government fleets, according to Cox Automotive. And as it turns out, that’s also pretty good news for the used-car market ... [Read More]

The latest surveys show American consumers are poised to buy electric vehicles in record numbers as manufacturers race to introduce new electric models into the market. But that’s not the whole picture, according to research from Cox Automotive. While Ernst & Young’s EY Mobility Consumer Index reported that almost half (48%) of U.S. potential car […] [Read More]

Third-party logistics brokerage Montway Auto Transport has partnered with digital remarketing technology provider Auction Edge to make transportation ordering for auction purchases accessible through EDGE Pipeline. The company said its “one-click” solution for vehicle transport in now available at select auctions within the platform. The collaboration is designed to enable dealers to efficiently manage their […] [Read More]

Black Book observed signs of what analysts called the “summertime slowdown,” as last week included the Fourth of July. While some auctions and dealers might have backed off a bit because of the holiday falling on a Tuesday, Black Book still saw another 0.47% decline in wholesale values. Analysts added the estimated average weekly sales […] [Read More]