Point Predictive announced this week that Lobel Financial has successfully completed its Auto Fraud Manager implementation. With Auto Fraud Manager now in place, Lobel Financial will use Point Predictive’s fraud alerts and scores in real-time within the finance company’s native origination environment across its entire application volume. In feedback delivered to Point Predictive, the risk […] [Read More]

Another round of funding that included an Asian automaker and several dealer groups across the United States drove Tekion’s valuation to $3.5 billion, according to a news release distributed on Tuesday. The valuation arrived as Tekion — innovator of the Automotive Retail Cloud (ARC) — announced a Series D financing round of $250 million, led […] [Read More]

On Tuesday, Digital Matrix Systems and New Orleans-based Crescent Bank highlighted how they’re now working together. The risk management solution provider announced that Crescent Bank has selected the company’s trended attributes in support of a new and sophisticated modeling approach.  The bank has been providing auto financing and other banking services to consumers across 32 […] [Read More]

The eighth partnership or software integration finalized by 700Credit so far this year arrived on Tuesday. The newest one formed by the provider of credit reports, compliance solutions and soft pull products, is an alliance with Mobauto, an engagement technology company. Executives highlighted the new alliance integrates the 700Credit soft pull, prequalification solution seamlessly with […] [Read More]

This week, APCO Holdings created a new executive position who’s tasked with advancing the organization’s project planning and changing management capabilities to drive continued growth. Picked to be in this role for the F&I provider, administrator and home to the EasyCare, GWC Warranty and MemberCare brands is Bobbie Davis, who will serve as vice president […] [Read More]

General Motors chose  a former Nordstrom and Walt Disney executive as its chief digital officer, a move that will be effective on Oct. 16. Edward Kummer, in his new role at GM, will be responsible for building and delivering a holistic digital business guided by GM's growth strategy, leading a newly formed Digital Business team, and accelerating […] [Read More]

Just after announcing its expansion into Brooklyn last week, on-demand car service company Kyte announced a $30 million Series A funding round led by Park West Asset Management and Sterling Road. Leadership of Kyte — who bring together experience and backgrounds from Uber, McKinsey and BMW — said the funding is going in part toward its "ultimate goal of enabling teleoperation […] [Read More]

Open car transportation marketplace Run Buggy announced this week it has named of business development and strategy.  Having led business activities with for Cox Automotive's Ready Logistics and Central Dispatch, Bob Taar is no stranger to the automotive industry and his new position's demands.  "Bob's passion for creating client driven solutions, his significant domain knowledge […] [Read More]

Former Ford Motor Co. president and chief executive officer Mark Fields is now the interim CEO at Hertz. Paul Stone, previously the CEO, is now the president and chief operations officer for the rental-car company. In Tuesday’s news release, Hertz said the leadership change is “part of a vision for an all-new Hertz that combines […] [Read More]

The particular vehicle that delivered an online order to your home or brought the air conditioning or plumbing repair crew represents the hottest segment of a wholesale market that’s continue to sizzle. Black Book reported on Tuesday that overall wholesale prices continued to increase for a fifth consecutive week. [Read More]