CT Services and Claim Genius recently announced a strategic partnership to develop and market new artificial intelligence-based inspection solutions for the automotive remarketing and transportation markets within North America. The companies highlighted in a news release that the partnership will combine CT Services’ vehicle inspection process with Claim Genius’s AI inspection technology to create new […] [Read More]

On Monday, Universal Technical Institute (UTI) launched the first session of its new BMW FastTrack technician training program at the Exton, Pa. campus, making it the fifth UTI location to begin offering the 12-week advanced training program. A collaboration between the German automaker and UTI, a leading provider of automotive technician training, BMW FastTrack provides […] [Read More]

FM Capital is looking to serve its expanding number of automotive-related portfolio companies better as well as prepare for its fourth fund. So, on Monday, the firm added a new venture partner — Joe Hinrichs — who most recently was president of Ford’s global automotive business. According to a news release, Hinrichs will assist with […] [Read More]

Now even another government agency thinks implementation of the enhanced Safeguards Rule from the Federal Trade Commission should be delayed. Recently, the Small Business Administration (SBA) Office of Advocacy delivered a letter to the FTC, echoing many of the points previously made via a separate letter sent by the American Financial Services Association, ACA International, […] [Read More]

In a move that could impact auto financing, VantageScore recently announced further steps in supporting consumers affected by medical collection debt. VantageScore said through a news release that the company completed an extensive analysis of how consumer credit score models are impacted by recent changes to how medical collection accounts are reported, including changes brought about […] [Read More]

LendBuzz co-founder and chief executive officer Amitay Kalmar described the characteristics of artificial intelligence, machine learning and algorithms that intrigue him most during this episode of the Auto Remarketing Podcast. Then Kalmar explained what those elements now can do for the benefit of underwriting and more within auto finance. To listen to the conversation, click on […] [Read More]

Acquiring America’s Auto Auction — and merging that business’ 23 auction sites with XLerate Group — just makes good business sense, according to Cam Hitchcock, chief executive officer of America’s Group. The newly consolidated company, which has rebadged its 16 XLerate auction sites with the America’s Auto Auction name, has a broader footprint and an experienced […] [Read More]

Mergers and acquisitions now have involved one of the notable operations associated with collectable cars. On Thursday, IMG, an Endeavor company and a global leader in events, media, sports and fashion, announced that it has acquired a majority stake in Barrett-Jackson, one of the premier collector car auction and live events companies. The companies said […] [Read More]

DriveItAway Holdings made another advancement on Friday related to its mission “to make driving and owning an EV truly affordable for all.” The provider of subscription-to-purchase technology announced that it recently launched its electric vehicle program with the Ford Escape Plug-In Hybrid, working with a new dealer partner, the Chapman Auto Group.  Focused on enabling […] [Read More]

Flagship Credit Acceptance wants to grow its portfolio through its entry into direct-to-consumer financing, so this week, the company hired Rob McKie as chief direct lending officer to lead that endeavor. Flagship highlighted through a news release that McKie brings more than three decades of diverse operations and sales experience to the new role, including […] [Read More]