Black Book understands dealerships and finance companies need the most accurate data possible, especially with the pandemic creating so many unprecedented circumstances. In response on Wednesday, Black Book announced that its most precise valuation yet — VIN-specific history adjusted valuations — is now available for residual values in their self-service batch processing platform, ValuEngine as well […] [Read More]

Auto industry venture consultancy motormindz said its new strategic global expansion to more than 32 countries will provide local resources to advise and assist its clients worldwide. The company said that will bring what it describes as a boots-on-the-ground perspective to the existing challenges and opportunities in each geographic region. The global expansion will take […] [Read More]

Vehicle Acquisition Network, a private-party acquisition service provider for dealerships, said its new system integration with vAuto streamlines dealer inventory management with insight into vehicle demand and alternate sourcing opportunities. The streamlining helps dealers appraise cars competitively and acquire vehicles quickly, according to Vehicle Acquisition Network. The company said the strong increase in used-car sales […] [Read More]

In more signs that the industry is returning to some normalcy, the Receivables Management Association International (RMAI) held its 2021 annual conference in Las Vegas earlier this month, welcoming more than 500 attendees in person and another 150 virtual attendees RMAI leaders also capitalized on the event by honoring an outstanding member and RMAI’s executive […] [Read More]

The American Recovery Association’s relationship with its newest industry partner recently produced more fruit to help members. Through its latest industry whitepaper, ARA highlighted that Bassford Remele takes a closer look at problematic provisions in a boilerplate clause, including: • Indemnification clauses • Limitation-of-liability clauses • Dispute resolution clauses, including fee-shifting provisions, choice-of-law- provisions, choice-of-venue […] [Read More]

MotoRefi plans to leverage a trio of partners to broaden the use of its application programming interface (API) ecosystem that’s just been launched that the company says is key for enabling growth and bringing the Emerging 8 honoree’s refinancing technology to millions of consumers who want it. The first three partners to use the new […] [Read More]

White Clarke Group isn’t sitting idle even as it’s being acquired for the second time in five years. As part of the latest CALMS loan origination software release, White Clarke Group has launched the CALMS Customer Direct module, developed to support finance companies in digitizing their services. The company explained CALMS Customer Direct can simplify […] [Read More]

Credit Union Leasing of America (CULA) is coming off its two best quarters in company history. And now the indirect vehicle leasing program provider that empowers credit unions to diversify their existing portfolios is in the Lone Star State. This week, CULA announced that it now offers vehicle leasing services in Texas through its partnership […] [Read More]

Similar to an extensive response by the American Financial Services Association, Kroll Bond Rating Agency (KBRA) also refuted recent assertions by the Wall Street Journal that extrapolated TransUnion data to say that more than 9% of subprime auto financing was more than 60 days past due in the closing quarter of last year, which the […] [Read More]

AutoNation currently has five standalone used-car stores. The retailer wants to have more than 130 AutoNation USA locations open by the end of 2026. That target store count would include the five existing AutoNation USA stores. The retailer plans to have five additional USA stores finished by late this year, then add 12 more in […] [Read More]