Lendisoft and Carleton finalized an integration on Tuesday. The California-based loan servicing software provider announced that it has integrated CarletonCalcs APIs within its Lendisoft servicing platform. According to a news release, Lendisoft is a preconfigured enterprise loan management system (LMS) with a full suite of risk management and compliance features. The included risk management features […] [Read More]

Fintech firms aren’t just trying to connect dealerships and finance companies. Some shops also are looking to bring private individuals together who are seeking to complete a vehicle sale. On Wednesday, PrivateAuto launched what it believes is the first self-service, peer-to-peer payment app for private vehicle sales that can allow users to verify a driver’s […] [Read More]

PAR North America, a business unit of KAR Global, announced the promotion of Jessie Herdrich Irwin to chief operating officer on Wednesday. In her expanded new role, Herdrich Irwin will oversee compliance, operations, remarketing and titles, while ensuring alignment with sales. “Jessie brings exceptional leadership and a deep understanding of PAR’s customers, stemming from her […] [Read More]

Carvana said it would share an updated operating plan after it announced the cutting of approximately 2,500 workers last Tuesday. Well, that plan has been released, and it includes not only more details about the future of ADESA operations, Carvana also pinpointed its top two priorities for managing its business. Those priorities include: 1. Rapidly […] [Read More]

Montway Auto Transport said Tuesday that Kaye Ceille, formerly the company’s chief operating officer, will now be the president of its business solutions group. In this new role, Ceille will aim to expand Montway’s business-to-business customer base, including dealers, auctions, rental car companies, automakers, auto finance companies, fleet management companies and moving/relocation companies. Her focus […] [Read More]

Westlake Financial announced its 2021 Auction of the Year Award winner on Monday, along with Top Regional Auction honorees. Taking home top honors was Manheim Dallas, which was also the regional winner in the South Central U.S. Other Top Regional Auction honorees included: Midwest Region: Manheim Milwaukee Southeast Region: Rawls Auto Auction Northeast Region: Manheim Baltimore-Washington Southwest Region: ADESA […] [Read More]

Perhaps used-car managers at dealerships and futures traders on Wall Street are similar nowadays, based on  what Black Book said is the current sentiment about new-car availability. Analysts acknowledged in the newest installment of Market Insights distributed on Tuesday that “supply-chain issues continue to push the ‘return to normal’ new-vehicle production levels well into … [Read More]

For dealers who use CDK Global technology in their service drives, a new integration finalized on Tuesday could help speed up their businesses. UVeye inspection technology has been integrated with the Fortellis Automotive Commerce Exchange platform used by more than 15,000 dealerships in the United States. High-speed UVeye vehicle-inspection systems now can help write repair […] [Read More]

Catalytic converter theft now is getting attention on Capitol Hill. The National Automobile Dealers Association, joined by 12 industry partners, sent a letter on Monday to U.S. House Energy and Commerce Committee Chairman Frank Pallone (D-N.J.) and Ranking Member Cathy McMorris Rodgers (R-Wash.) in support of H.R. 6394, a bipartisan bill to combat rising catalytic […] [Read More]

Electric vehicles (EV) have become an extremely polarizing topic over the years. Every day there seems to be dozens, if not hundreds, of articles talking about this segment of the automotive market. However, EVs still make up less than 5% of the total number of cars and trucks sold today, according to the International Energy […] [Read More]