The automotive ecosystem runs on liquidity. Dealers need immediate access to capital, lenders need streamlined repayment, and auctions require rapid, trusted settlement. Yet today, many transactions are still slowed by legacy banking infrastructure, adding unnecessary friction to a business that’s all about speed and margins. Enter the GENIUS Act. The Guiding and Establishing National Innovation […] [Read More]

RunBuggy made an award-winning addition to its board of advisors on Wednesday. Announced through a post on LinkedIn, the auto logistics platform welcomed John Messiha in an advisory capacity. Messiha is head of loss mitigation at Bridgecrest and was the recipient of the Loss Mitigation Executive of the Year Award at Used Car Week 2024. […] [Read More]

Independent dealers using Dealer Car Search soon can have a streamlined way to post used-vehicle inventory to OfferUp, a leading local marketplace that says it’s used by one in six U.S. adults each year. Through an arrangement set to be deployed this month, Dealer Car Search has partnered with OfferUp to make it easier for […] [Read More]

Agile Auto, a company with an artificial intelligence platform built to help dealers navigate the post-COVID used-car market, recently appointed Stephen Wrighton as chief technology officer. With more than 20 years of experience in enterprise software development and IT leadership, Agile Auto said Wrighton brings a unique blend of technical expertise and strategic insight. As […] [Read More]

Going counter to the recent trajectory seen by Black Book, Cox Automotive is watching wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) moving higher. That’s at least looking at the first 15 days of June compared to May. Analysts reported on Wednesday that the mid-month Manheim Used Vehicle Value Index rose 1.7% […] [Read More]

F&I Sentinel on Wednesday announced its first significant platform upgrade since the acquisition of aftermarket refund solution provider Express Recoveries from Cox Automotive last year. Executives highlighted these upgrades are a result of incorporating the Express Recoveries platform into F&I Sentinel’s Managed Cancellations solution and extensive insights from the company’s more than 100 lender customers. […] [Read More]

OttoMoto and Algebrik recently announced partnership to leverage the collective capabilities of their platforms fueled by artificial intelligence and other technologies and designed to help finance companies and dealerships. The partnership is geared so dealers and lenders can leverage real-time data analytics to reduce friction, accelerate loan approvals, and improve overall performance. The companies said […] [Read More]

Auto finance has become more digitized in recent years. It’s something Wolters Kluwer tracks quarterly. But there is still plenty of paper making the rounds, including checks. It’s part of the reason why three federal bank regulatory agencies this week announced a request for comment on potential actions to help consumers, businesses, and financial institutions […] [Read More]

Yotta Automated Software Solutions (YASSI), a provider of live vehicle and title data intelligence for the vehicle, lending and insurance industries, welcomed Anne Ferro to its board of directors this week. Ferro possesses more than three decades of leadership experience in public sector innovation, motor vehicle safety, and regulatory governance. She most recently served as […] [Read More]

This week, Ascent Dealer Services announced the appointment of James Mercer as vice president of sales for the provider of F&I solutions. Mercer brings nearly 20 years of experience in the automotive insurance sector. Most recently, he served as divisional sales director at Protective, one of the largest automotive insurance companies in the country, where […] [Read More]