Ambient Automotive said Tuesday that its Carbly platform now includes Galves vehicle values market data. Carbly, which helps dealers make decisions on vehicle sourcing, valuation and inventory management, now includes pricing data from eight sources. Among those are Kelley Blue Book, J.D. Power, Manheim, Black Book, EDGE Pipeline, Galves and others. “With the volatility in […] [Read More]

ADESA said Tuesday it is launching a more comprehensive condition report designed to help dealers “buy with confidence.” The enhanced reports feature an upgraded photo gallery that includes a dedicated damages section, easier-to-find tire condition information and vehicle options, the company said in a news release. The top of the CR page will feature the […] [Read More]

As one subsidiary of Westlake Technology Holdings posted records in the vehicle leasing space last year, another of its subsidiaries that specializes in shared cash flow auto lending generated new company records in 2021, too. According to a news release, Western Funding compiled record growth in portfolio payouts, loan portfolio, loans originated and producing dealers […] [Read More]

Certified pre-owned sales often generate some of the most robust sales — and potential profit — for franchised dealerships. Well, the National Independent Automobile Dealers Association revamped its vehicle certification program, so independent operations can gain a bigger piece of the what the association calls the used-vehicle industry’s hottest market. On Tuesday, the association said […] [Read More]

Spireon is likely familiar to both finance companies as well as fleet operators that use its services to track vehicles. According to a news release, Spireon now is on a path to have new ownership by the end of the first quarter. Solera Holdings announced that it has signed a definitive agreement to acquire Spireon […] [Read More]

iA Auto Finance has a new president: longtime company veteran Charles Parent, iA said in a LinkedIn post last month. “A trained actuary, a truly passionate, humble and honest person with 20 years of experience in the iA family: that's a brief portrait of Charles!” iA Auto Finance said in the post. “And his leadership […] [Read More]

Dealers looking to shore up their supply of used cars by purchasing from consumers may be in luck. Citing internal data from 2021, Cars.com says 41% of its in-market audience aims to sell their vehicle prior to making a purchase.   This means “new opportunities for dealers to … [Read More]

Another initiative to help finance companies cater to consumers with little or no credit backgrounds recently surfaced; this time from Experian. In what the company said is meant to further financial inclusion across the United States, Experian launched what it dubbed Experian Go, a free program to help “credit invisibles,” or people with no credit […] [Read More]

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]