Coinciding with new credit facilities and equity financing, Point Predictive launched new products last week that aim to deliver an “unparalleled level” of visibility and control to auto finance companies tackling automation and digital transformation challenges in fraud and risk management operations. Point Predictive highlighted that its Case Manager & Rules Engine are browser-based SaaS […] [Read More]

Inovatec Systems reinforced its U.S. sales team last week by hiring Sean Toggweiler, who joins the company as director of U.S. sales for Eastern and Western states. According to a news release, Toggweiler joined Inovatec from Finastra, where his sales leadership resulted in surpassing quarterly goals by more than 150%.  Toggweiler will work alongside Brendon […] [Read More]

TurboPass finalized another path for dealerships and finance companies to use its tools for income verification and other parts of the underwriting process. A couple of weeks after announcing its solutions were available through DealerCenter, TurboPass said that effective Oct. 20, dealers can integrate with RouteOne. The move means RouteOne dealers are eligible to access […] [Read More]

Resolvion began a new month by announcing a variety of high-level executive moves on Monday. The provider of repossession management, skip-tracing, heavy equipment recovery, remarketing, license plate recognition and specialty recovery said the strategic leadership changes involve: — Scott Darling, who now is chief executive officer — Jon Faulkner, who now is chief financial officer […] [Read More]

Consolidation has been a big theme in the auto industry this year, and a move announced Thursday involved the fleet/lease space. The combination of Wheels, Inc., and Donlen, LLC has closed, announced Athene Holding Ltd., a financial services company that is the lead investor in the transaction.  Athene had previously purchased Donlen from Hertz Global […] [Read More]

TrueCar has added a new director to its board, announcing the election of Match Group chief strategy officer Faye Iosotaluno on Thursday. Iosotaluno has held that role at Match since February 2020, previously serving as senior vice president for new business initiatives. Her background also includes time with SoundCloud where she was vice president for […] [Read More]

Mighty Distributing System, which provides parts, lubricants and other supplies for service departments, recently added the 14th dealership group to its franchise system. Now operating three Mighty Auto Parts franchises in two states is the Florida-based Step One Automotive Group. According to a news release, the new Mighty businesses are based in Orlando, Fla., Pensacola, […] [Read More]

This month marked the first time in 22 years that the Atlanta Braves have reached baseball’s World Series. But the historical milestone the used-car industry is likely to reach in October goes back even further. “The used-vehicle market continues to buck historic seasonal trends and exhibit great strength as the industry moves deeper into the […] [Read More]

On Thursday, CarMax gave an initial gift of $100,000 and started a philanthropic partnership with Operation Homefront, a national nonprofit serving America’s military families. According to a news release, CarMax already had quite a connection with the military since more than 1,700 company associates served in the armed forces. “As an organization that has thousands […] [Read More]

Westlake Financial Services is continuing to diversify its portfolio but leveraging a lending strategy that’s gained industry traction this year. Along with originating indirect auto financing, this week Westlake launched what it’s calling, Cash Now Pay Later. The company said this new product available through its LoanCenter division can provide financial flexibility to its customers […] [Read More]