Lender Compliance Technologies (LCT) launched a new credit union service organization (CUSO) on Wednesday that’s dedicated to making advanced automated-compliance solutions seamless and accessible to credit unions across the U.S. According to a news release, LCT CUSO germinated as a partnership with One Washington Financial (OWF), a CUSO wholly owned by Washington State Employees Credit […] [Read More]

Jericho Information Technology and Fuse recently formed a new partnership with the goal of rolling out joint initiatives in the coming months. Jericho operates in the indirect auto lending business, importing data from many legacy systems into a single platform to provide daily management of analytics, CRM, risk, compliance, and dealer administration. Jericho also offers […] [Read More]

In a move described as one that will “help shape the future of payments,” PayNearMe announced on Wednesday that it has acquired the technology assets and hired the key employees of Marr Labs, an artificial intelligence company that develops agentic solutions to automate voice, messaging and workflows in complex, regulated environments. PayNearMe highlighted the addition […] [Read More]

The slowdown in Canadian wholesale vehicle values last week wasn’t quite as steep as the week before, thanks largely to a course reversal among car segments. That’s according to the latest Market Insights report from Canadian Black Book, which showed the decline in wholesale prices narrowing from 0.20% the week ending Aug. 29 to 0.05% […] [Read More]

Nuance and context. Two words to bear in mind when viewing the latest monthly wholesale vehicle value indices from Black Book and Cox Automotive, respectively. Starting with Black Book, its Used Vehicle Retention Index came in at 144.3 in August, down 1.2% from July and off 1.5% year-over-year. This was the third straight month of […] [Read More]

The Final Four of the NCAA Men’s Basketball Tournament is scheduled to be played in Atlanta in 2031. Set to unfold much sooner in that city is the championship competition in the auto auction world. The National Auto Auction Association announced on Tuesday that Greater Atlanta Auto Auction (GAAA) has been selected as the host […] [Read More]

At the 2026 World Remarketing Convention in Seattle this fall, Tommy Rogers will be inaugurated as new National Auto Auction Association president. He is currently president elect of the NAAA. If not for his wife, Tommy Rogers might not even be working in the auction industry. Having grown up bagging groceries as a part-time job, […] [Read More]

Holman now has acquired full ownership of ARIZA, its former 50/50 joint-venture with Corporacion Zapata. It’s a move that expands Holman’s fleet management business in Mexico, offering customers in the country and across North America a seamless, fully integrated cross-border fleet management solution. According to a news release distributed on Tuesday, the ARIZA name will […] [Read More]

Lithia & Driveway has bolstered its presence in the Dallas-Fort Worth area with the purchase of Rockwall Hyundai, the retailer said Tuesday. The purchase of the Rockwall, Texas dealership adds roughly $75 million in annualized revenue to the dealer group. So far this year, Lithia has added expected annualized revenues of $915 million. Lithia financed […] [Read More]

Canada’s largest dealer group has rolled out a revamped Audi store in British Columbia. Last week, Dilawri announced Audi Capilano has launched a new location in North Vancouver, debuting a 27,500-square-foot two-story facility designed to reflect Audi’s Progressive Showroom Concept. The dealership is said to be the first in Western Canada to feature this design […] [Read More]