CDK Global has introduced an open, intelligent data platform that can turn high volumes of industry information into easy-to-understand, actionable insights for dealers, OEMs and third-party software developers. Called Neuron, the platform is connected to the Fortellis Automotive Commerce Exchange, which connects software developers, OEMs and dealers. Using an analytics engine powered by artificial intelligence and […] [Read More]

Georg Bauer and Scott Painter worked together at Fair. And now Bauer and Painter are collaborating again with NextCar Holding Co. (NXCR). The fintech firm, which has a mission to create a platform that enables vehicle subscriptions to scale profitably, announced on Wednesday that Bauer joined NXCR as co-founder, president and vice chairman of the board […] [Read More]

Through a new partnership between Schomp Automotive and Safe-Guard Products International, Schomp Automotive now provides an F&I product package to Schomp dealers under the One Protect brand, along with OEM-branded products. Schomp Automotive Group, a family-owned dealer group with eight stores in Colorado and Utah, said the One Protect brand includes 12 fully branded protection […] [Read More]

Hyundai, Kia and Genesis dealers that use RouteOne now have more functionality when working with their captive finance company. RouteOne recently announced that Hyundai Capital America is now an available eContracting finance source for utilizing the RouteOne platform. Through RouteOne eContracting, these franchised dealers can include F&I products from Hyundai Motor Finance, Kia Motors Finance, […] [Read More]

Just like a finance company might do with its portfolio, fintechs diversify, too. Look at what’s happening at AutoFi. Building on the strength of its digital retail platform, AutoFi has launched a new business division focused on the automotive industry’s largest enterprises. Germinating from this division is the company’s new Lending as a Service (LaaS) offering. […] [Read More]

Tresl is making an investment in a fellow fintech stemming from a relationship that began nearly two years ago. And the firms are also rolling out a tool aimed to help banks and credit unions. On Tuesday, Tresl announced that the company has made a strategic investment in CreditSnap, which describes itself as a next-generation […] [Read More]

Inovatec Systems Corp. rebranded its cloud-based software solutions back in October. This week, the fintech firm launched a major enhancement designed to save time and manual labor. Inovatec announced its JAVELIN platform now offers optical character recognition (OCR) for automatic document indexing and sorting. The company highlighted the OCR technology uses custom-built artificial intelligence and […] [Read More]

Alex “SkipGuru” Price returned to the Auto Remarketing podcast to discuss one of the subjects he knows best: skip-tracing. Now the director of training and development for LocateSmarter, a data and analytics company, Price described how the pandemic has impacted collections and skip-tracing while also reflecting on how tried and true methods continue to be […] [Read More]

Line 5, which partners with dealers to fund vehicle protection plans at all points along the credit spectrum, recently announced an integration with the technology solutions experts at TecAssured. TecAssured is a leading provider of innovative technology solutions for the management, sales and end-to-end administration of automotive aftermarket, consumer and insurance products. Line 5 now […] [Read More]

Looking through the prism of the public asset-backed securities market (ABS), both S&P Global Ratings and Kroll Bond Rating Agency (KBRA) spotted deterioration when analysts examined subprime auto financing. However, the softening didn’t trigger an extreme reaction from experts, with some pointing to some seasonality still playing a role. Beginning with the latest update from […] [Read More]