Transportation logistics technology is a rapidly evolving field that is constantly improving. Some of the most recent advances in this field include the use of artificial intelligence (AI) and the Internet of Things (IoT) to offer efficiencies for drivers and carriers and provide peace of mind for customers. These improvements often offer cost improvements, as […] [Read More]

Next up on our NAAA 75th series commemorating the diamond anniversary of the National Auto Auction Association is a conversation with Jack Neshe, general manager of ADESA Boston. Neshe, who was the 2013-2014 president of NAAA, talks with Cherokee Media Group senior editor Joe Overby about the importance of trade groups, how NAAA helped his […] [Read More]

Owning a Porsche can be an elevated experience. Holman wants the same to be true about buying one. To that end, the global automotive services company has opened the Porsche Studio San Diego, a state-of-the-art retail site focused on delivering a premium automotive customer experience. The studio, located in San Diego’s upscale, open-air Fashion Valley […] [Read More]

Artificial intelligence is everywhere these days — including in car dealerships. And according to a new survey by CDK Global, dealers who are using AI say it’s making things better in their business. The survey of 230 executives and department heads of automotive dealerships in North America, “What Automotive Dealers Think About Artificial Intelligence,” found […] [Read More]

Bumper, a platform for car owners, buyers and sellers, has entered a strategic partnership with Carwiser, a provider of online car-selling services. The companies say the partnership will offer Bumper users a seamless, streamlined experience to sell their vehicles online. Bumper’s platform will now include a Carwiser widget on the dashboard that will integrate directly […] [Read More]

Risk decisioning software provider Provenir announced on Wednesday that automotive financing provider GoFi has selected and implemented Provenir’s data and decisioning platform to assess applicant credit risk quickly for real-time financing approvals. GoFi is an AI-centric, digital-first financing platform. Built on a proprietary loan origination system and powered by its integrated machine learning algorithms, GoFi […] [Read More]

On Tuesday, the nation’s two leading credit union associations announced their intent to merge and form a new organization. According to a news release, the Credit Union National Association (CUNA) and the National Association of Federally-Insured Credit Unions (NAFCU) would unite to form America’s Credit Unions. When the transaction closes, CUNA president and CEO Jim […] [Read More]

Along with recapping the regulator’s notable activities associated with auto financing, the latest Supervisory Highlights report from the Consumer Financial Protection Bureau (CFPB) also touched on debt collection. The CFPB reiterated that it has supervisory authority to examine certain institutions that engage in consumer debt collection activities, including very large depository institutions, nonbanks that are […] [Read More]

Last week, the Consumer Financial Protection Bureau (CFPB) released its latest Supervisory Highlights report. Officials said they found unfair, deceptive, and abusive acts or practices across many consumer financial products, including auto financing. When getting into specific findings, the CFPB said some auto finance companies have originated contracts “above the real value of the car […] [Read More]

The wave of digitalization has washed over all sectors, and auto sales are no exception. Going virtual has completely transformed the auto auction landscape, providing numerous advantages and drastically improving the experience for many buyers and sellers. The industry’s adoption of virtual platforms illustrates the power and potential of digital technologies in reshaping traditional business […] [Read More]