DRN, MVTRAC and Secure Collateral Management (SCM) made multiple moves recently to enhance their services to auto-finance companies and their relationships with repossession agents. First, DRN and Loanbridge formed a partnership, as Loanbridge data is now integrated into DRN’s monitoring, verification, and recovery (MVR) program. It’s meant to deliver earlier visibility into at-risk vehicles for […] [Read More]

The National Automobile Dealers Association announced its leadership for 2026, with vice chairman Rob Cochran set to become chairman and Sandy Fitzgerald Angello as the new vice chairman. The new officers were elected by the NADA board of directors during the board’s meeting this week. The new terms will begin at the NADA Show, set […] [Read More]

Cities are partnering with the auto industry and autonomous/remote-controlled car technology providers to help solve transportation problems for residents, said panelists representing some of those municipalities and companies at the MOVE America conference here Sept. 23-24. MOVE America is a mobility and tech event that offers a platform for auto and technology companies, tech-savvy individuals, […] [Read More]

On Tuesday, Agora Data teamed up with DealerCenter to form a strategic partnership designed to empower dealers with enhanced tools and resources to obtain capital, streamline operations, and grow their businesses. According to a news release, more than 20,000 dealers can eventually enroll in Agora’s financing solutions within the DealerCenter DMS. The integration is designed […] [Read More]

The newest auto-finance data Edmunds released on Wednesday focused specifically on new-vehicle purchases and excluded used. But it still showed the conundrum lenders are facing nowadays associated with average negative equity, which climbed to an all-time high in the third quarter. Edmunds said Americans with upside-down car loans owe more than ever. The average amount […] [Read More]

FICO on Wednesday announced that Associated Bank has successfully upgraded from FICO Auto Score 8 to FICO Auto Score 10, leveraging dual processing to validate predictive benefits, enhance underwriting accuracy, and improve applicant assessment. According to a news release, Associated Bank has total assets of $41 billion and is the largest bank holding company based in […] [Read More]

Late last week, Kikoff, a credit-building platform, and Caribou, an auto refinance platform, announced a strategic partnership to expand financial access and control for millions of consumers. Caribou will now be featured as a trusted brand within the Kikoff Marketplace, bringing together two “mission-driven companies united by a vision of financial empowerment,” according to a […] [Read More]

On Wednesday, RouteOne announced that Fuse has become the latest integrated loan origination system (LOS) to certify its platform with RouteOne’s advanced eContracting functionality, known as the Digital Deal. RouteOne reiterated this innovative solution enhances efficiencies for both finance sources and dealers, featuring a required forms list and automated document classification. Fuse, as a certified […] [Read More]

Fueled by funding secured this summer, the busy year for FlexPath DXP continued on Tuesday with the launch of single vehicle payment prequalification (SVP). It’s a feature available through FlexPath’s identity-verified prequalification solution VeriQual that lets consumers see real, personalized payments on individual vehicles — not estimates — based on their verified credit profile. With […] [Read More]

It’s a full-circle moment for TrueCar and Scott Painter. The company’s founder and former CEO is leading a group that plans to acquire the automotive digital marketplace. Upon close, Painter, who stepped down as  CEO in 2015, will return as CEO. TrueCar announced Wednesday that it is going private through a deal in which Fair […] [Read More]