Perhaps Black Book should write down wholesale records in chalk or pencil; something that can be easily erased and updated. Analysts said the Black Book Used Vehicle Retention Index set a new record, as the September reading came in at 169.5 points, representing an increase of 3.8 points or 2.3% from August. [Read More]

vAuto SnapLot 360 is partnering with Autotrader in an effort to deliver immersive vehicle merchandising options for dealers and their customers — working to potentially extend shopping radius' for these same dealers.  As weather cools off from the heat of late summer, the above partnership and its efforts to merchandise and market vehicles outside dealers' market areas may offset what the […] [Read More]

In August, the Consumer Financial Protection Bureau announced that two final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned on Nov. 30. Coinciding with new research showing how consumers often fail to respond to unidentified callers, the CFPB recently rolled out a series of questions and answers pertaining […] [Read More]

AutoAPR recently named a new vice president of sales. Taking on the role for the payment engagement company that aims to reduce friction points by matching virtual payment calculations to a dealer’s inventory is Rob Hubbell. In this role, the company said Hubbell will take his sales expertise in digital retail from former companies the […] [Read More]

Point Predictive announced this week that Lobel Financial has successfully completed its Auto Fraud Manager implementation. With Auto Fraud Manager now in place, Lobel Financial will use Point Predictive’s fraud alerts and scores in real-time within the finance company’s native origination environment across its entire application volume. In feedback delivered to Point Predictive, the risk […] [Read More]

Another round of funding that included an Asian automaker and several dealer groups across the United States drove Tekion’s valuation to $3.5 billion, according to a news release distributed on Tuesday. The valuation arrived as Tekion — innovator of the Automotive Retail Cloud (ARC) — announced a Series D financing round of $250 million, led […] [Read More]

On Tuesday, Digital Matrix Systems and New Orleans-based Crescent Bank highlighted how they’re now working together. The risk management solution provider announced that Crescent Bank has selected the company’s trended attributes in support of a new and sophisticated modeling approach.  The bank has been providing auto financing and other banking services to consumers across 32 […] [Read More]

The eighth partnership or software integration finalized by 700Credit so far this year arrived on Tuesday. The newest one formed by the provider of credit reports, compliance solutions and soft pull products, is an alliance with Mobauto, an engagement technology company. Executives highlighted the new alliance integrates the 700Credit soft pull, prequalification solution seamlessly with […] [Read More]

This week, APCO Holdings created a new executive position who’s tasked with advancing the organization’s project planning and changing management capabilities to drive continued growth. Picked to be in this role for the F&I provider, administrator and home to the EasyCare, GWC Warranty and MemberCare brands is Bobbie Davis, who will serve as vice president […] [Read More]

General Motors chose  a former Nordstrom and Walt Disney executive as its chief digital officer, a move that will be effective on Oct. 16. Edward Kummer, in his new role at GM, will be responsible for building and delivering a holistic digital business guided by GM's growth strategy, leading a newly formed Digital Business team, and accelerating […] [Read More]