Solifi recently announced a collaboration with BlackBerry Limited that will integrate BlackBerry IVY with the company’s open finance platform to drive innovative, high-impact finance use cases for OEMs and automotive finance providers. According to a news release, Solifi becames the first automotive finance technology provider to join the BlackBerry IVY Advisory Council to accelerate the […] [Read More]

Credit Union Leasing of America (CULA) enjoyed a record-setting year in 2021. The company recently tabulated and shared its annual metrics, highlighting that it helped to generate $2 billion in lease originations. That dollar figure stemmed from originating 50,000 leases in 2021; also, a company first. For the first time in CULA’s 34-year history the […] [Read More]

Along with a new addition to its board of directors, TransUnion also announced the appointment for the newly created role of executive vice president and chief data and analytics officer. Those two actions are both effective on Tuesday. Joining is the board is Charles Gottdiener, who served as the president and chief executive officer of […] [Read More]

With nearly a month of 2022 already in the books, we asked for observations from Black Book chief data science officer Alex Yurchenko and Laura Wehunt, who is vice president of automotive valuations at Black Book, for this episode of the Auto Remarketing Podcast. Yurchenko and Wehunt explained why the wholesale market has behaved like they expected. […] [Read More]

In this episode of the Auto Remarketing Podcast, Scott Painter and Georg Bauer return to the show to discuss their venture called Autonomy, which has launched an electric vehicle and zero-emissions vehicle subscription program, starting with the Tesla Model 3. Initially, the program will be available to consumers in California. The company plans to expand […] [Read More]

J.D. Power announced a round of vice president appointments Monday, largely centered on electric vehicles, mobility and connectivity. The company has hired former Stellantis executive Elizabeth Krear — who was the automaker’s head of product planning for the Jeep Grand Wagoneer and electrified body-on-frame SUVs and trucks — as the VP of the new EV practice […] [Read More]

Cox Automotive Mobility is going worldwide. Cox has launched a new global mobility division that will include operations in the U.S., UK, Continental Europe, Canada and Mexico, the company said Monday. Additional global markets will be added in the future, it said. The global Cox Automotive Mobility structure will focus on four key business solution areas: […] [Read More]

CarLotz said Friday it has partnered with Privacy4Cars to add another layer of data-privacy protection for consumers consigning or selling their vehicles through the consignment-to-retail used-car marketplace. CarLotz has used Privacy4Cars technology to process all vehicles at its locations, scrubbing personal information captured by the vehicle. Privacy4Cars builds privacy and compliance solutions for clients to […] [Read More]

More buy-sell moves as well as fundraising activities involving dealerships surfaced on Friday. Beginning first with more actions connected to mergers and acquisitions, Haig Partners was the exclusive sell-side advisor to the McDermott Auto Group on the sale of David McDermott Lexus and Dave McDermott Chevrolet located outside New Haven, Conn. According to a news […] [Read More]

A Florida-based group that owns and operates five franchised stores in the Sunshine State as well as Georgia and South Carolina is the first dealer group in the U.S. to work with Grow Credit, which is a financial inclusion platform committed to building credit and improving credit scores. Murphy Auto Group is leveraging Grow Credit’s […] [Read More]