Digital license plate developer ReviverMX has entered into a relationship with Best Buy in which Best Buy auto stereo installation departments will perform installation services for Reviver’s Rplate and Rplate Pro digital license plates. The installations will take place at about 1,000 Best Buy retail locations nationwide, and Reviver founder and CSO Neville Boston said […] [Read More]

The new year is opening with mergers coming to fruition. On the heels of a development involving First Investors Financial Services, Sonsio, a leading provider of vehicle protection and warranty programs to the automotive aftermarket, announced its merger with Evolution, Dent Wizard’s F&I vehicle protection division. The merger, which was effective Jan. 1, creates one […] [Read More]

A year-long project commissioned by the Consumer Financial Protection Bureau produced quite a rundown of suggestions for the regulator as well as state and federal lawmakers and agencies on how they could improve. The CFPB Taskforce on Federal Consumer Financial Law, which includes Hudson Cook partner Jean Noonan, released a two-volume report on Tuesday with […] [Read More]

The Financial Crimes Enforcement Network (FinCEN), which is a part of the Treasury Department, is encouraging banks and credit unions to share information about financial crimes. ID Insight, a Minneapolis-based firm that develops solutions to prevent account takeover and new-account fraud, announced this week that it is applying its award-winning fraud-mitigation technology to launch the […] [Read More]

TruDecision opened 2021 with a reinforced executive team. The Emerging 8 honoree and fintech company providing sophisticated analytic solutions to finance companies welcomed seasoned auto-finance executive David Knightly as chief revenue officer. TruDecision highlighted that it has experienced significant growth over the last year, including a new relationship with CIG Financial. TruDecision is looking to […] [Read More]

In a year like no other, 2020 introduced a range of new factors that have driven long-term projections for determining future value retention in the luxury segment of the used-vehicle market. Supply chain issues driven by the COVID-19 pandemic disrupted production, which reduced supply as demand also plummeted over the course of the year. In […] [Read More]

Perhaps the wholesale industry just ran out of collective gas during the second half of December after it already had experienced so many unprecedented challenges during a year no one is likely to forget. Black Book said the last two weeks of 2020 “were fairly quiet on the auction lanes,” as analysts not only shared […] [Read More]

Carketa closed a $1.375 million seed round financing in September, and the Utah-based software company finished 2020 by launching an addition to its suite of dealer products. The company announced the addition of the Carketa Digital Condition Report to its suite of valuation, connect and reconditioning applications creating an “Acquisition to Sell” ecosystem. With these […] [Read More]

United Road has launched an initiative to recognize and reward high-performing third-party carriers in its network of independent carriers. It is called the Haully Pro Carrier Rewards Program, and United Road said the program helps support its carriers’ independent businesses, build loyalty and improve quality. Benefits of Haully Pro include quarterly rebate bonuses, dedicated concierge […] [Read More]

Dealers have an underleveraged opportunity to impact customer loyalty and satisfaction, as well as their own bottom lines. How can they take advantage of the opportunity? By integrating insurance into the sales process. According to a new study from insurance marketplace DealerPolicy, which surveyed 300 dealership executives and 1,000 consumers who purchased a vehicle in the […] [Read More]