In July, Autonomy finalized a partnership with EV Mobility, which provides electric vehicles on demand 24/7 as an amenity to luxury hotels as well as at multifamily apartment buildings and other commercial properties. While that Autonomy partnership focused on California, EV Mobility announced on Tuesday it recently expanded into properties in Florida, Washington and Nevada. EV […] [Read More]

Before Labor Day, America’s Auto Auction expanded its national dealer and commercial sales team. Then after the holiday weekend, the company appointed Jennifer Leocardi to be vice president of institutional sales for the combined America’s Auto Auction and XLerate Group. A 20-year industry veteran, America’s Auto Auction said through a news release that Leocardi brings a […] [Read More]

Another acquisition announcement surfaced on Tuesday, this time in the training space. NCM Associates said it has acquired Sioux Falls, S.D.-based Spader Business Management and its subsidiary, A World of Training, in a move that was effective on Aug 31. According to a news release, this action furthers NCM’s growth, diversification and client support in […] [Read More]

Inovatec Systems and TruDecision now are working together for clients in both Canada and the United States. The provider cloud-based software solutions for finance companies recently announced it has reached an agreement with the developer of artificial intelligence and machine learning-based analytics tools that can improve portfolio performance. Through this relationship, Inovatec customers will have […] [Read More]

Solera Holdings and DigniFi want to ensure customers within a dealership’s service drive have the necessary financial resources to cover vehicle repairs. On Tuesday, the vehicle lifecycle management company announced a strategic partnership with the fintech platform, as Solera will offer access to DigniFi financing options, funded by WebBank, to consumers seeking payment solutions for […] [Read More]

The notable jump in bankruptcies experts have been predicting for some time arrived in August. According to new research released from Epiq’s Bankruptcy Analytics platform, filings in August across all chapters rose 10% year-over-year, totaling … [Read More]

Auto repossessions are on the rise. Subprime repos are up 11% since 2020, according to Jalopnik. Even among prime borrowers with excellent credit scores, repossession rates have doubled from 2% to 4% in the past two years, according to Barron’s. This trend is not surprising, considering how expensive vehicles have become. The average price for […] [Read More]

Today’s younger car shoppers millennials and Gen Z) don’t start their search on the showroom floor with a dealer salesperson. In fact, it’s estimated that 90% of today’s auto-buying consumers begin their journey on smartphones, tablets and computers, according to research from 9Clouds. Most dealers align their media strategy to where shoppers consume media. This […] [Read More]

Just before Labor Day weekend, Bridgecrest, one of the country’s leading digital financial services providers, announced the launch of its newest affiliate, GoFi, an artificial intelligence-enabled, digital-first financing platform. Leveraging Bridgecrest’s robust auto financing experience, GoFi is focused on offering its innovative white-label and co-branded auto finance solutions to banks, finance companies and other partners, […] [Read More]

According to research conducted by ValuePenguin, the states where people look to buy the oldest used vehicles are evenly split among the Midwest and West. The insurance division of LendingTree pinpointed the Top 10 states and markets where consumers are seeking to take delivery of older models. Overall, researchers found that the average age of […] [Read More]