Black Book added to its collection of five integrations the company has finalized so far this year. On Monday, Black Book formed a relationship with CarDr.com that will focus on data points to help dealers better identify vehicles with lower risks and higher potential profitability. Black Book reiterated its pricing and value data includes statistical […] [Read More]

Fitch Ratings spotted more ramifications associated with dealerships in connection with the inventory pinch of both new and used vehicles. With rising sales and soft volume at auction and OEM factories, Fitch Ratings said on Monday that accelerated dealer auto inventory turnover has resulted in insufficient collateral available for dealer floorplan (DFP) asset-backed securities (ABS) […] [Read More]

Steve Greenfield, founder and chief executive officer at Automotive Ventures, joins the Auto Remarketing Podcast to discuss the company's recently launched $7 million venture capital fund designed to give a lift to early-stage auto tech companies. Plus, Greenfield talks about the areas of the auto tech with the most growth potentials, U.S. markets emerging as hot […] [Read More]

Charlotte Principato is a financial services analyst at research firm Morning Consult, which recently released a study that examined consumers’ trust in fintech, considering both start-ups and well-established players in financial services. In fact, a segment of the report said, “Jamie Dimon is right to be scared.” To explain what she meant by the reference […] [Read More]

FICO recently made moves to enhance its solution aimed at curtailing a growing fraud trend that’s caught the attention of the Federal Trade Commission (FTC) as well as authorities in the United Kingdom. FICO announced the latest release of the FICO Falcon Fraud Manager model for retail banking, which leverages machine learning to enhance scam […] [Read More]

Kroll Bond Rating Agency (KBRA) highlighted how much federal stimulus money provided a positive bounce for maintaining monthly payments. And according to the firm’s newest report, that bounce is losing its momentum, but the overall market still is solid as analysts said May remittance reports showed auto credit trends remained strong during the April collection […] [Read More]

Like the glory days of UCLA men’s basketball — where the Bruins’ string of consecutive NCAA championships was snapped by N.C. State in the 1974 semifinals, only for UCLA to win it all again the following year — sometimes a streak might end and then pick right back up where it left off.   That […] [Read More]

Ross Automotive Group has sold its Ross Nissan of El Monte to Martin Management Group. The deal was announced in a news release Thursday by Performance Brokerage Services, which represented Ross Automotive Group in the sale.   The group includes three stores in Southern California: Ross Ford of Montebello, Covina Hills Chevrolet and Chevrolet of […] [Read More]

Hertz Global Holdings reached a significant achievement on Thursday, as the company rebounds from pandemic challenges. Hertz announced that a federal bankruptcy court confirmed the company’s plan of reorganization. According to a news release, the plan unimpairs all classes of creditors — who are legally deemed to have accepted it — and was approved by […] [Read More]

Need car, will travel. That’s been the mindset for many recent and prospective car buyers, who have gone or are willing to go the extra mile (or dozens of miles) to find that vehicle, amid shortages in both new and used cars. According to survey data from Cars.com, 9.8% of recent car buyers went to […] [Read More]