Will Mitchell has been with Automotive Finance Corp. for six years and now he’s one of the floorplan provider’s top executives. The KAR Global business unit on Tuesday announced the promotion of Mitchell to chief operating officer; a position where he will oversee AFC field and business operations with a continued focus on business development and […] [Read More]

It doesn’t look like the wholesale auto market is getting back to the apex of supply any time soon. In 2020, wholesale volumes fell 1.8 million units from their peak a year earlier, according to a quarterly report from Cox Automotive, which attributed the slowdown to a trio of pandemic-spurred trends: slow retail sales, the […] [Read More]

Impact Auto Auctions has enhanced its Interact merchandising platform with two new features, including one that offers a 10-second, under-the-hood video with full sound. The company said the new tools provide buyers with additional vehicle details to research, bid and buy with greater confidence and trust. Impact Auto Auctions, which is the Canadian subsidiary of IAA, said […] [Read More]

Duck Creek Technologies, a provider of technology to the property and casualty and general insurance industry, has expanded its Partner Ecosystem program through a new relationship with CARFAX. CARFAX owns a vehicle history database and provides vehicle history data to 23 of the top 25 auto insurers. Through the new relationship, CARFAX’s predictive information is […] [Read More]

An independent dealership group in business since 1979 just received a majority investment from a value-oriented private equity firm focused on the middle market that manages funds with more than $9 billion of aggregate capital commitments. On Monday, Crestview Partners announced its investment in AutoLenders, which is headquartered in Berlin, N.J., generating approximately $700 million […] [Read More]

Roger Beasley Imports in Texas has supported various charities over the past four decades, including the Austin Chamber of Commerce and Dell Children’s Hospital. One of the company’s dealerships, Roger Beasley Mazda, has also helped animals. The company said all Roger Beasley Mazda dealerships are “dog friendly.” But the dealership each year also donates a […] [Read More]

Equifax recently expanded its offerings connected with alternative data so finance companies still can cater to consumers with thin files or soft credit backgrounds. Developed in partnership with Urjanet, Equifax introduced Payment Insights, a cloud-based solution that promotes greater financial inclusion, regardless of the consumer’s traditional credit score. Payment Insights is meant to empower consumers […] [Read More]

SWBC now possesses a stronger foothold in the auto-finance market through acquisition. Last week, SWBC announced that it recently acquired the auto claims division of DIMONT, one of the largest providers of specialty insurance and loan administration services to the residential mortgage and auto finance industries based in Dallas. The company highlighted this move allows […] [Read More]

With insurance becoming a great component in the auto-financing process at dealerships and credit providers, LexisNexis Risk Solutions is looking to enhance its tools to track consumers’ behavior, use of insurance and more. Last week, LexisNexis Risk Solutions announced the launch of a new LexisNexis Drive Metrics scoring model, a next-generation telematics-based scoring model for […] [Read More]

Twelve months — and counting — through a pandemic era has done far more than simply disrupt normal business operations for the automotive industry. As a result, various stakeholders are revisiting fundamental assumptions that have been in place for years. The stress caused by uncertainty in the market has created a demand for a new […] [Read More]