IAA subsidiary DDI Technology is trying to make the titling process smoother for dealerships, finance companies and insurers that have vehicles in Michigan. DDI Technology announced the expansion of its electronic lien and title (ELT) services and Premier eTitleLien product into Michigan, becoming one of just two certified ELT service providers approved by the Michigan […] [Read More]

A new nationwide brand campaign from Cars.com highlights what it describes as the breadth and depth of its first-party data, paired with smart matchmaking technology. With that breadth and depth, the Cars.com marketplace can connect its more than 20 million monthly unique car shoppers with the vehicles that meet their needs and budgets, according to […] [Read More]

Consumer advocates and other regulators began National Consumer Protection Week on Monday in part by pointing to the significant jump in cases recorded in the complaint database housed by the Consumer Financial Protection Bureau. According to the CFPB’s online dashboard, complaints in 2020 came in at 443,143; that’s up from the 206,607 complaints registered in […] [Read More]

The Association of Finance & Insurance Professionals (AFIP) recently gave out the Jakob Murray Lange Memorial Scholarship that recognizes a Northwood University student for exemplary work during an internship the previous summer. Receiving the financial award along with a marble obelisk in recognition of her achievement was Chelsea Mallams, a Northwood University senior majoring in […] [Read More]

Much effort is put into the analysis of finance-company performance when handling business from the consumer side. J.D. Power decided to examine how finance companies are faring with another vital customer segment — dealerships. The firm on Thursday revealed its first U.S. Automotive Commercial Lending Satisfaction Study that pointed out most dealers rely on commercial providers […] [Read More]

On Monday, CDK Global announced it has completed the previously announced $1.45 billion sale of the CDK International business to Francisco Partners (FP), a leading global investment firm that specializes in partnering with technology businesses. “We are very pleased that the transaction closed on schedule and appreciate all the efforts made by both companies to […] [Read More]

RideKleen, a mobile vehicle care provider that’s part of the Cox Automotive Mobility Group, is expanding its partnership with Uber. The two companies had piloted a vehicle sanitation and maintenance program for five months in Atlanta and Phoenix, and will now bring it to 12 new markets in the coming months, Cox Automotive said Monday. […] [Read More]

ACV Auctions has filed the paperwork for an initial public offering.    A Form S-1 was filed with the Securities and Exchange Commission on Friday for an initial IPO of ACV’s Class A common stock.    In the form, which was published at 4:32 pm (ET), the Proposed Maximum Aggregate Offering Price was set at $100 […] [Read More]

Xcite Automotive, which performs digital merchandising for auto dealerships with tools such as automotive photography, 360 Spin video and lot tracking technology, is now included in the Jaguar Land Rover Certified program. Xcite vice president of strategic accounts Anne-Marie Cormier said because showroom visits are currently limited, vehicle visuals are crucial in the digital shopping […] [Read More]

Service providers of many stripes within digital vehicle retailing often remark about the “Carvana model” when touting their offering or discussing the general state of the industry. But how is Carvana really doing? Well, the company reported after the markets closed on Thursday that it finished 2020 with a 37% increase in retail units sold, […] [Read More]