Look for another 1.6% increase in wholesale vehicle values this month, which would make it the third-strongest May of the last two decades, J.D. Power Valuation services said in an analysis Wednesday. This surge in wholesale prices is part of a rapidly climbing overall used-car market this month, which J.D. Power’s Jonathan Banks says underscores […] [Read More]

We begin this auction news roundup in the ServNet group, where member auction DAA Northwest announced the headliner for its Rock & Roll Sale: Sammy Hagar and the Circle. Hagar is perhaps best known as a former frontman of Van Halen, along with his longtime solo career. There will be an auction, party and concert […] [Read More]

Intellaegis, which does business as masterQueue, announced on Wednesday that it has signed a consulting agreement with former Santander Consumer USA senior vice president and director of business control and risk management Kelli Edmonds. One of the 2020 Women in Auto Finance honorees, Edmonds joins a strategic team that Intellaegis has built over the years […] [Read More]

Constant, a provider of digital loan servicing solutions, announced a partnership with Celerit, a veteran provider of technology services to the financial services industry. Celerit, which has a 30-year history of supporting bank loan servicing shops and their core software platforms, will leverage Constant’s borrower self-service platform to help banking clients provide digital, personalized experiences […] [Read More]

Lendbuzz appears to be putting nearly $700 million in growth resources to good use. The firm that is striving to modernize what it contends is an “outdated” auto-finance industry, using artificial intelligence with a focus on serving consumers who have thin or no credit history in the United States, has been named to the Forbes […] [Read More]

For the latest episode of the Auto Remarketing Podcast focused on fraud, Point Predictive’s Frank McKenna and Justin Davis explore how technology is developed to keep fraud from infiltrating dealerships and finance companies. McKenna and Davis also touched on the successes that germinate from Hackathons as well as when two service providers integrate their solutions. […] [Read More]

Ahead of Memorial Day weekend, AutoPayPlus recapped the tribute one of its employees has done during the past year to honor deceased members of the military. A few years ago, Jedd Price learned that a penny left on a soldier’s gravestone means someone visited them; a custom that dates back to the Roman Empire. The […] [Read More]

A trio of dealership operations in the Garden State are set to pay hefty penalties for alleged violations of advertising, warranties and other financing and retailing matters. Last week, New Jersey acting attorney general Matthew Platkin and the state’s Division of Consumer Affairs announced separate settlements totaling nearly $400,000 with the dealerships for alleged consumer […] [Read More]

HyreCar, which provides carsharing for ridesharing and food/package delivery services, has a new chief technology officer. In a move that was effective Monday, Ken Grimes transitioned from CTO to an executive advisory role. Hired to be the new CTO was Greg Tatem, whose background includes leadership, tech and engineering roles at Wine.com and Williams Sonoma. “We are […] [Read More]

Spencer Beckstead, chief revenue officer of Frikintech, joins the show in this latest episode of the Auto Remarketing Podcast. Beckstead and Auto Remarketing senior editor Joe Overby talk about the friction points in automotive and why digital retail complements — not replaces — salespeople, plus Beckstead shares a bit of the background behind Frikintech. To […] [Read More]