It was a record year at Origence. The CU Direct brand and technology solutions provider announced on Tuesday that it had delivered a record amount of auto financing for credit unions through its platforms in 2021. The company said credit unions funded 2.2 million installment contracts through the Origence Lending 360 and CUDL platforms, generating […] [Read More]

Alviere and AutoPayPlus are collaborating so when consumers maintain their monthly payments on their installment contracts, they can receive a reward to be spent within the dealership’s service drive. It’s part of the offering from Alviere, a leading global embedded finance technology platform, and AutoPayPlus, a leading automated payment service. AutoPayPlus offers vehicle buyers and […] [Read More]

Tuesday was the first day of March, and signs of the spring market might be germinating in the lanes. According to Black Book’s Market Insights, wholesale prices still declined last week, but not as much as analysts had seen earlier in February. Black Book pegged the latest weekly value decline at 0.61%, which is 17 […] [Read More]

PureCars said Tuesday it has promoted senior director of national accounts Lauren Donalson to the role of vice president of client experience and strategic partnerships. Donalson, who has been with PureCars for more than six years, will now head up several of the company’s client and partner teams. That includes digital strategy, OEM programs, solutions […] [Read More]

Autosled, an auto digital retail logistics marketplace, has named a chief technology officer. Appointed to the role was Jeremy Wood, who most recently worked through Stratiform Inc. as a fractional CIO/CTO for various startups. He also consulted as an AWS Partner Network member on cloud architecture projects for Seneca Resources and the U.S Air Force. […] [Read More]

It may seem like digitization of wholesale automotive is at peak intensity. But it’s only the beginning, says KAR Global chief executive officer Peter Kelly. And KAR’s agreement to sell its ADESA brick-and-mortar auction business in the U.S. to Carvana makes the company leaner and more financially flexible to capitalize on this increasingly digital environment. […] [Read More]

The Canadian online auto retailer Clutch wants to be able to service 90% of Canadians by the end of next year. It took another step toward that goal Tuesday with its expansion into Newfoundland, where consumers will now be able to buy and sell used cars through the Clutch website. “With Clutch, customers aren’t being […] [Read More]

The Consumer Financial Protection Bureau used strong language in a news release Monday upon issuing a compliance bulletin on vehicle repossessions. The CFPB said it is “moving to thwart illegal repossessions in the heated auto market.” The bureau said it was also prompted to compile the 13-page bulletin because of “conduct observed during CFPB examinations […] [Read More]

It just turned March, but the National Independent Automobile Dealers Association already has June on its mind. Registration is now open for the 2022 NIADA Convention and Expo, which is back in its traditional June dates. And for the first time since 2019, the 76th edition of the convention returns to Las Vegas at the […] [Read More]

General Motors and Ford claimed top honors again as part of the 26th annual Automotive Loyalty Awards orchestrated by IHS Markit. However, for the first time, Honda earned the accolade closely associated with franchised dealerships. IHS Markit recognized GM for its leadership as top manufacturer for automotive loyalty in the U.S. in 2021. This is […] [Read More]