Informed.IQ, a technology company used by financial institutions to verify origination data and documents instantly and accurately, announced the addition of veteran automotive financing executive Jessica Gonzalez. According to a news release, Gonzalez was most recently senior vice president of digital transformation at Santander Consumer USA and joined as Informed.IQ as director of auto. Informed.IQ […] [Read More]

There’s now another path for users to leverage TransUnion information. Last week, TransUnion announced its off-chain credit data will be made available for the first time on public blockchain networks via Spring Labs’ ky0x Digital Passport. The companies explained the move is designed to enable better-informed, privacy-preserving DeFi and Web3 applications — internet applications based […] [Read More]

Santander Consumer USA is looking to be a financial resource not just in vehicle deliveries. Coinciding with the Martin Luther King Holiday, SCUSA announced on Monday that it is partnering with technology and community nonprofit Comp-U-Dopt to help “bridge the digital divide” in several cities in the U.S. Funded by a $35 million multi-year grant […] [Read More]

It’s a challenge non-prime and subprime auto finance companies face regularly inside their underwriting departments. An application lands from a consumer with a thin credit file or one who isn’t scored at all. Experian and Oliver Wyman recently found expanded data and advanced analytics can improve access to credit for nearly 50 million credit invisible […] [Read More]

The expo hall floor at the National Automobile Dealers Association's annual convention is where a lot of new companies and products make their debuts.  The National Auto Auction Association will celebrate their own debut, of sorts, at NADA Show 2022 when it hosts a workshop at the dealer convention for the first time. And that’s just […] [Read More]

Former AutoNation executive and current Maroone USA founder and chief executive officer Mike Maroone is taking home the hardware as the 2022 David F. Mungenast Lifetime Achievement Award winner. The board of the American International Automobile Dealers Association presents the award each year to “an industry leader who possesses a similar community spirit and devotion […] [Read More]

A telling sign for the used-car supply shortage is evident in the latest Wholesale Market Update from J.D. Power Valuation Services. There were 3.91 million vehicles (up to 8 years old) sold at auction last year, which was down 13% year-over-year. “However, when compared with pre-pandemic levels, auction sales trended 25%-30% lower during the course […] [Read More]

Within hours of the Supreme Court making its decision on Thursday, ComplyNet president and general counsel Adam Crowell made another appearance on the Auto Remarketing Podcast to provide an update about mandates put forth by the Occupational Safety & Health Administration (OSHA) involving COVID-19 vaccinations and testing. Crowell described what dealers have been facing since […] [Read More]

KAR Global chief economist Tom Kontos looked at both November and December pricing trends for his latest installment of the Kontos Kommentary. After seeing the wholesale data, dealers again might be yearning for the days before the pandemic sent prices soaring like a fever. [Read More]

After the closing of the company’s sale to an investor group led by Warburg Pincus as well as an expansion of its origination strategy last month, more significant changes at Exeter Finance came late on Thursday. The non-prime auto finance company announced chief financial officer Brad Nall will retire. Nall’s successor will be auto finance […] [Read More]