While a notable portion of the industry was in San Diego for Used Car Week, the Federal Trade Commission made a decision involving the Safeguards Rule that likely delighted attendees mingling about the Manchester Grand Hyatt, but also at dealerships, finance companies and other service providers throughout automotive. The FTC made a unanimous decision to […] [Read More]

The monthly installment of the Auto Remarketing Podcast dedicated to fraud prevention was recorded in person during Used Car Week in San Diego where Point Predictive is headquartered. Chief fraud strategist Frank McKenna shared some recommendations for dealerships and finance companies as well as consumers to help stop fraud from impacting their holiday season. To […] [Read More]

Open Invention Network (OIN), the organization formed to safeguard open source software (OSS), announced last week that U.S. Bank has joined as a community member. U.S. Bank is one of the largest regional banks in the United States by assets. OIN said through a news release that this development signals the bank’s continued support of […] [Read More]

CU Direct has a new name. Last week, the provider of financial technology solutions for credit unions announced it will rebrand the company as Origence, reflecting its vision to create the “ultimate origination experience and help credit unions win in a digital-first world.” According to a news release, the company’s indirect financing solution, CUDL, will […] [Read More]

At a time when many technology companies are cutting back, ACV is investing in both organic growth and acquisitions. Though it expects the wholesale market to remain moribund, that investment will enable it to grow more quickly when markets regain momentum, said ACV executives. “Based on our internal analysis, we estimate that the U.S. dealer […] [Read More]

Great Lakes Auto Auction has acquired Wolfe’s South Bend Auto Auction. The Wolfe family decided earlier this year to focus on its two Southern Indiana auctions and worked with TPC Management Company to evaluate options for South Bend. The Wolfe family purchased the South Bend auction in 2003. The auction opened in 1960. “We are […] [Read More]

BuyAutoInsurance.com recently shared research about uninsured motorist (UM) and underinsured motorist (UIM) insurance coverage, reporting that 13% of American drivers either have inadequate auto insurance coverage or none at all. To help turn those kinds of trends, DriveItAway Holdings announced a partnership this week with DigiSure, a Protection-as-a-Service platform providing screening, insurance management and claims […] [Read More]

E Automotive Inc. released its third-quarter and year-to-date earnings results earlier this week, sharing increases in both revenue and vehicles transacted, among other highlights. It has been a busy year for E Inc., parent company of the EBlock digital wholesale marketplace and EDealer custom dealer website provider. For Q3, revenue was up … [Read More]

Equifax vice president of verification services Shelly Nischbach made time for the Auto Remarketing Podcast to discuss how finance companies are sharpening their underwriting in light of the recessionary and rising interest rate environment they’re facing. Nischbach also touched on how important it is for dealers and finance companies to put consumers into a vehicle […] [Read More]

Two floorplan providers familiar to independent dealerships made major announcements this week. AFC, a business unit of KAR Global, shared an update about Principal Pass, while Kinetic Advantage expanded its leadership team. AFC said through a news release that more than $2 million in deferred principal payments have happened since launching its deferred curtailment program. […] [Read More]