Canadians are driving less. As a result, they are buying less. The result of less driving, says Canadian Black Book, is a reduced sense of urgency when it comes to buying a new vehicle. That is according to a CBB study using Ipsos research on Canadians’ car-buying habits. Other findings of the research: Intent to buy alternative […] [Read More]

Researchers are beginning to examine the possibility of “digital discrimination” in light of a lot of commerce happening online and through mobile technologies. Previous Used Car Week speaker Allen Denson, who is now a partner in the Washington, D.C., office of Venable, joined senior editor Nick Zulovich on the Auto Remarketing Podcast to consider what […] [Read More]

KeyBank recently reinforced its analytics capabilities by entering into a definitive agreement to acquire AQN Strategies, an analytics-driven consultancy with deep expertise in the financial services industry. At the close of the transaction, AQN founder and managing partner Ben Sabloff was named Key’s head of analytics to take responsibility for leading customer-focused analytics strategies across […] [Read More]

FICO continues to receive recognition for its fight against fraud. This week, FICO announced that it has been named the category leader for enterprise fraud solutions in the Chartis 2021 RiskTech Quadrant report for the third year in a row. FIC highlighted that the report ranks the financial services industry’s leading financial crime risk management […] [Read More]

Equifax looked to bolster its employment verification services and other offerings via an acquisition that closed on Tuesday. Equifax announced that it finalized the acquisition of HIREtech, a technology-focused human capital management (HCM) and employer tax incentive firm. With this acquisition, Equifax said it has expanded its workforce solutions’ portfolio with the HIREtech suite of […] [Read More]

The Consumer Financial Protection Bureau (CFPB) made a forceful declaration on Tuesday, stating the “industry is on notice” and that the bureau “will not tolerate illegal discrimination against the LGBTQ+ community.” The regulator issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (ECOA) and Regulation B includes […] [Read More]

March Madness isn’t just happening on the college basketball court. The newest Market Insights from Black Book released on Tuesday showed that each of the 22 vehicle segments analysts track for the weekly update moved higher a week ago. The across-the-board rise pushed car prices higher by 1.11% and truck prices up by 0.58%. In […] [Read More]

Carwiser, which says it offers the only national online marketplace where dealers compete to purchase used vehicles from consumer sellers, now has an integration with Black Book as well as an advisory board with five industry experts who collectively have vast experience. On Tuesday, Black Book announced the integration of its valuation and enhanced vehicle […] [Read More]

Hendrick Automotive Group is taking its Hendrick Autoguard vehicle protection and maintenance service program and extending it to other dealer groups through a new affiliate called NationsGuard. Johnny McKellar — who is the senior vice president, chief marketing and administrative officer of Hendrick Autoguard — is the president of the new NationsGuard affiliate. He joins […] [Read More]

In December, First Business Bank announced a new agreement to offer floorplan financing to independent dealerships through ACV Auctions. On Tuesday, the bank made a similar move; this time unveiling a new arrangement allowing First Business Bank’s floorplan financing clients to finance their vehicle inventory purchases from SmartAuction. First Business Bank is enthused about this […] [Read More]