Inovatec passed the complex tests for the third year in a row. The provider of cloud-based loan origination and loan management solutions announced on Tuesday that it has again completed its SOC 1 and SOC 2 Type II audits, performed by KirkpatrickPrice. Inovatec said its security and compliance procedures have been annually audited by a […] [Read More]

Back in 1981, Kim Carnes won a Grammy for the song, “Bette Davis Eyes,” which was playing on the car radio of the day that tuned to a station via a red needle. That year, the Los Angeles Dodgers won the World Series during a strike-shortened baseball season, and viewers of the TV show “Dallas” […] [Read More]

Black Book and CoreLane Technologies now are working together so finance companies have a clear view of the collateral attached to their paper. According to a news release distributed on Tuesday, Black Book announced the integration of its vehicle pricing, data, and analytics into CoreLane Technologies’ CreditLane product. CoreLane Technologies, a provider of transactional connectivity […] [Read More]

An executive who was part of a company that Portfolio acquired last year now is in a crucial management position. Portfolio named Chad Millspaugh as vice president of sales and marketing, effective immediately. The F&I product provider highlighted that Millspaugh’s 20-year automotive industry career began at the retail level and has progressed with training and […] [Read More]

Exeter Finance is closing the year with a pair of notable developments announced on Tuesday. The finance company that specializes in subprime paper said it will extend its underwriting reach into the near-prime credit spectrum, effective immediately. Focused on non-prime since its founding in 2006, Exeter launched a new near-prime program called ExeterPlus to dealers […] [Read More]

Since Used Car Week took place with less than 60 days remaining in the year, two leading executives from Allied Solutions outlined their own professional goals for 2022 and also what the company is looking to accomplish during the next calendar year. In this Auto Remarketing Podcast recorded in person at the Red Rock Resort […] [Read More]

Sonic Automotive’s $700 million deal to purchase RFJ Auto Partners, announced in September, is the Charlotte, N.C.-based retailer’s largest acquisition ever and among the retail auto industry’s most significant transactions to date. But beyond the additional revenues and expanded geographic footprint from adding RFJ Auto — which are outlined in this previously reported story — […] [Read More]

AutoWeb has taken its CarZeus used-vehicle acquisition platform to a second market: Austin, Texas. CarZeus buys cars directly from consumers and resells them in the wholesale market. Its first market was San Antonio. AutoWeb purchased CarZeus from founder Phil Kandera and McCombs Family Partners this summer. “We are excited to expand our vehicle acquisition service […] [Read More]

Wednesday marks the opening day of December, so Black Book took the opportunity to give auctions and dealerships a reference point for how the final month of the year might unfold in the wholesale market. [Read More]

The seven-year journey Privacy4Cars has navigated so far to identify the challenges posed by vehicle data and to create solutions to better protect consumers reached another important juncture on Tuesday. The company announced that it has secured two patents, including a patent for its proprietary process to remove privacy information from in-vehicle modules. Privacy4Cars offers […] [Read More]