Financial institutions that leverage Origence, a CU Direct brand, now have better access to CARFAX data through a new partnership between the companies announced on Thursday. The expanding network of financial institutions using the Origence consumer loan origination system (LOS) for indirect auto financing now can get CARFAX Vehicle History Reports with just one mouse […] [Read More]

The insurance portion of potential F&I activities at the dealership might have gotten a boost via a move by Darwin Automotive and Fetch. This week, Darwin announced that its platform is now seamlessly integrated with Fetch, an electronic auto insurance comparison site that specializes in insurance carriers that offer policies for people with all types […] [Read More]

If you were at Used Car Week 2019, you may have noticed the massive, spider-like contraption at one corner of the expo hall. But that was no arachnid. Rather, it was the vehicle imaging platform in the exhibit space of Black Widow, which aims to provide a more efficient and effective way to photograph vehicles, particularly as […] [Read More]

ReviverMX sells digital license plates allowing motor vehicle administrations to digitize vehicle registration renewals and other transactions. The company last month said it began supporting Arizona digital initiatives such as All in for Arizona Schools. On Thursday, ReviverMX said Arizona State University would offer ReviverMX’s Rplate to its members. The Arizona State agreement calls for […] [Read More]

Global digital marketplace IAA has opened a new Kansas City branch location, with the company’s president of U.S. operations Tim O’Day saying the location provides much-needed capacity in a rapidly growing market. The new Kansas City East location, at the Southeast corner of Old State Hwy. 40 and Reich Rd., in Odessa, Mo., more than […] [Read More]

Various themes emerged from a January AutoTRADER.ca survey of Canadian car shoppers. But TRADER Corp. vice president of marketing Lilian Lau highlighted one of the survey’s main insights. “Great news: People are buying cars,” she said. AutoTRADER.ca asked Canadian car shoppers whether they agreed that it was a good time to make a major purchase […] [Read More]

Alfa Romeo, which is part of the Stellantis family of brands, announced a revamped website Wednesday for its certified pre-owned vehicle program where consumers can locate, research and buy CPO vehicles online. Shoppers can access the new site at alfaromeousacertified.com or through the alfaromeousa.com homepage. In addition to undergoing certification and reconditioning processes, Alfa Romeo’s certified vehicles include a five-year/100,000-mile […] [Read More]

The auto-finance industry’s appetite for the highest-risk paper declined to close 2020. According to Experian’s Q4 2020 State of the Automotive Finance Market report, analysts discovered deep subprime originations of all contracts booked in a quarter dipped below 2% for the first time. The fourth-quarter level came in at 1.98%. Experian classifies deep subprime as […] [Read More]

Nearly new, late-model vehicles are in high demand, especially by franchised stores with tight new-vehicle inventory because of manufacturing challenges. Units with much lower actual cash values are wanted, too, as dealers of all stripes cater to budget buyers who got a financial bump via a stimulus or federal income tax refund. Put the trends together […] [Read More]

America’s Auto Auction has promoted Jordan Clark to fleet/lease manager at America’s Auto Auction Bowling Green. America’s Auto Auction senior vice president Brian Thomas said Clark did well in helping the Bowling Green auction’s clients get through the challenges of remarketing vehicles during the pandemic. Clark, who has worked at the Bowling Green facility since […] [Read More]