Point Predictive recently launched its newest solution, BorrowerCheck 3.0, to help auto finance companies, dealerships and other companies involved in financial services. The San Diego-based company that provides artificial intelligence solutions powered by more than 22 billion proprietary risk attributes said BorrowerCheck 3.0 is available via API or web browser and addresses the problem of […] [Read More]

With more consumers considering their insurance options while securing auto financing and taking delivery at dealerships, potential ramifications surfaced as LexisNexis Risk Solutions released its 2023 U.S Auto Insurance Trends Report. LexisNexis Risk Solutions aggregates annual market data about driving behaviors, consumer auto insurance shopping, underwriting and claims to help insurance carriers better understand the […] [Read More]

The Canadian auto industry, be it retail, remarketing or finance, is full of young leaders who have achieved massive success at an early age. And for the ninth consecutive year, Auto Remarketing Canada is excited to honor many of those individuals in “Remarketing’s Under 40.” This year’s class will be recognized in the upcoming issue […] [Read More]

In addition to announcing first-quarter earnings results, Shift Technologies said Thursday it is reviewing strategic alternatives — which could include “potential sale of certain operating businesses, third party investment or partnership opportunities and/or funding alternatives for our marketplace business, ”the company said. Shift’s board plans to “proceed in a timely manner” but did not set […] [Read More]

And now for some M&A activity in the carsharing space. Getaround announced Thursday evening it would acquire substantially all of HyreCar’s assets for $9.45 million. In March, HyreCar had filed a motion with the U.S. Bankruptcy Court in Delaware to sell its assets under Section 363 of the Bankruptcy Code. The purchase is expected to […] [Read More]

Tasca Automotive Group has purchased Kingston, N.Y.-based L.T. Begnal Motor Company, according to a news release from Performance Brokerage Services, which advised on the sale. Tasca is based in the Northeast and includes 20 dealerships. The Begnal group includes the Chrysler, Dodge, Jeep, Ram and FIAT brands. Larry Begnal, dealer president, said in a release: […] [Read More]

JM Family Enterprises announced three executive leadership changes this week in an effort to prepare for the future and continue positioning its core automotive companies to seize opportunities amid the industry’s shifting landscape. According to a news release, Dan Chait, most recently the president of both JM&A Group and Southeast Toyota Finance, has been promoted […] [Read More]

Car Capital paused originations, reduced its workforce and shifted contract servicing to Westlake Financial last November because of “difficult capital market conditions.” On Thursday, Car Capital reemerged with a new leadership team set to do business now in the Midwest and Southeast with an expansion into the West in the works. Among the members of […] [Read More]

MBSi Corp. announced that a top leadership transition began this week. After more than eight years of leadership and growth at MBSi, the provider of repossession assignment software and vendor compliance solutions to the auto finance industry said president Cort DeHart is departing with Ray Peloso on track to take over the position. MBSi explained […] [Read More]

Off-lease supply has slowed, but one company, in particular, is helping dealers with an alternative route to securing late-model vehicles: pre-ordering off-subscription vehicles ahead of time, before they even go to the retail consumer. Immanuel Klaiber is the head of remarketing, TCO and fleet at FINN, a vehicle subscription service. He joins the Auto Remarketing […] [Read More]