Fleet management platform Dealerware has been selected as the exclusive software provider for the Nissan Rental Car program, the company announced. In a news release, Dealerware said its platform will help the program streamline rental processes, enhance customer experiences and improve visibility into fleet utilization and performance. The NRC program includes more than 900 Nissan […] [Read More]

Some big names are investing in a company on the GO. indiGOtech — using the trade name GO — has closed a $54 million Series BB funding round that includes investments from FedEx, Foxconn and FM Capital, the company announced. The Massachusetts-based mobility tech firm said it will use the funds to accelerate its mission […] [Read More]

While President Trump made a pair of proclamations on Tuesday modifying tariffs to reduce “a cumulative effect or ‘stack’” on imported vehicles and parts, Black Book reported earlier in the day about how much previous decisions impacted the wholesale market. Black Book said wholesale prices rose another 0.63% last week with the auction conversion rate […] [Read More]

The repossession community gathered in Orlando, Fla., last week for the annual North American Repossessors Summit (NARS). Along with organizing insightful panel discussions, crucial training workshops and demonstrations as well as productive meetings between finance companies and repossession agents, the American Recovery Association handed out 11 awards to a variety of industry professionals The NARS […] [Read More]

In a move geared toward more credit access, Zest AI on Tuesday announced the native integration of its automated underwriting and fraud detection with the Temenos loan origination solution. The companies highlighted this seamless integration provides traditional financial institutions in the U.S. with sophisticated tools fueled by artificial intelligence to increase loan approvals while maintaining […] [Read More]

In the rapidly evolving landscape of auto finance, artificial intelligence emerges as a transformative force. For lenders, the adoption of AI presents an opportunity to enhance decision-making processes, streamline operations, and ultimately improve customer satisfaction. However, the integration of this technology must be balanced with the need to ensure it is used responsibly, reducing bias […] [Read More]

Experian is now deep into the car insurance business, too. The company on Wednesday announced the expansion of its Experian Marketplace portfolio with the addition of Root Insurance, a technology entity powering insurance solutions. Experian said this partnership gives consumers another carrier option for affordable and personalized car insurance with a streamlined shopping experience. Experian […] [Read More]

While the Federal Reserve hasn’t lowered interest rates yet this year, institutions that participate in auto refinancing are upbeat about the volume they could generate in the coming months. Two examples of the bullish perspective recently came from iLending and PenFed Credit Union. Via its spring installment of the State of the Auto Refinance Industry, […] [Read More]

The National Automobile Dealers Association has doubled down on its push against California’s rigid vehicle emissions plan. NADA president and CEO Mike Stanton sent a letter to all members of the U.S. House of Representatives urging them to pass a resolution to revoke a waiver that allows California to enforce its Advanced Clean Cars II […] [Read More]

As the retail auto world braces itself for the impact of tariffs on new-car sales, AutoNation sees used-car sales as a potential cushion against that impact, but supply remains a challenge, its executives said on the auto retailer’s first quarter earnings call. Used is an area that is less impacted by tariffs, AutoNation CEO Mike Manley said, so it is an area of ... [Read More]