With so many help-wanted signs visible at businesses nowadays, DriveItAway wants to be a part of the transportation solution for both employers and workers — especially individuals with soft credit histories or without significant funds for a down payment. On Wednesday, the mobility platform with its subscription-to-purchase technology for dealers, announced its newest program for […] [Read More]

TransUnion announced that it has completed the $638 million acquisition of Sontiq, a leader in digital identity protection and security. TransUnion highlighted that Sontiq provides solutions including identity monitoring, restoration, and response products and services to empower consumers and businesses to proactively protect against identity theft and cyber threats. The credit bureau also mentioned Sontiq’s […] [Read More]

A recent study commissioned by RiskScreen, a provider of onboarding, screening and in-life monitoring technology, found two-thirds of compliance professionals at banks rely on manual processes for performing know-your-customer checks. Despite 70% of respondents agreeing that the pandemic has accelerated digital transformation in the banking sector, the study also indicated that more than half of […] [Read More]

Alfa, creator of the asset finance software platform Alfa Systems, has announced a successful project completion with PEAC Finance. Completed in July, the project delivered an Alfa Systems upgrade alongside the implementation of new business for the Barclays Asset Finance operation, acquired by PEAC in June. The company indicated that the upgrade to Alfa Systems […] [Read More]

A new report by TransUnion and Aite-Novarica Group explored how significantly the collections industry is changing. The report found that the collections industry is boosting hiring and technology investments as it transitions into a “next normal” stage. [Read More]

The National Auto Auction Association is taking what has traditionally been its Spring Business Meeting and moving it to NADA Show 2022. The meeting — which has been renamed Total Access — will be held March 10-13 in Las Vegas during the NADA convention, NAAA said in an emailed message to its members on Wednesday. […] [Read More]

In addition to a few other dealer group moves this week, Sonic Automotive said Wednesday it has opened an EchoPark delivery center in Baton Rouge, La., the second location in the state for Sonic’s chain of standalone used-car stores. There is also an EchoPark delivery center in New Orleans. Sonic now has 33 EchoPark locations […] [Read More]

Selly Automotive founder & CEO Zach Klempf joins the show to discuss how independent dealers are faring in what has been a rather unique retail auto environment, and how they're using tech and innovation to combat challenges. Plus, he shares the importance of utilizing CRM and automation services. To listen to the conversation, click on the […] [Read More]

Another day, another wholesale vehicle value index reaches a third-straight record high. Same as the Black Book Used Vehicle Retention Index's record streak reported Monday, Cox Automotive said Tuesday that its Manheim Used Vehicle Value Index has now reached record highs for three straight months. [Read More]

Tuesday brought at least a trio of M&A moves among the public auto retailers, as the buy-sell market remains hot in retail automotive. Starting with Asbury Automotive Group, it has completed its purchase of Stevinson Automotive, a deal that includes eight stores and adds annualized revenues of $715 million. The eight Denver dealerships include two Lexus […] [Read More]