Resolvion recently conducted an email survey of auto-finance provider inquiring about repossession activity once the coronavirus pandemic abates and recovery efforts intensify. One of the telling findings from the survey uncovered the depth of concern that finance companies have about the capacity for the repossession industry to handle the volume of assignments that could be […] [Read More]

Artificial intelligence continues to work its way into auto financing. On Wednesday, Upstart, a leading AI lending platform, announced support for auto financing as part of its consumer lending platform. With Upstart’s new service, the firm highlighted banks can offer refinance and purchase financed contracts with a seamless digital experience, higher approvals and potentially lower loss […] [Read More]

Fraud is continuing to surface in many ways, especially nowadays since so much activity is happening online because of the coronavirus pandemic. Chris Ryan, senior fraud solutions business consultant at Experian, described the most noteworthy incident he’s seen during the past few weeks during this special episode of the podcast. It involved email and what […] [Read More]

Point Predictive finalized four different relationships this month with a variety of auto-finance industry companies that plan to use the firm’s products to curb fraud. The company that offers machine learning solutions now is working with MidAtlantic Finance, TCI, Nicholas Financial and Tricolor Auto. The newest development arrived on Monday when Point Predictive announced that […] [Read More]

Darwin Automotive said this week that it released the final application needed for Virtual F&I orchestrated by JM&A Group. Darwin highlighted that it’s giving the tool Documents on Demand for free to all new and previous dealer customers. The company explained Documents on Demand includes the following features and functionality: • Flex Forms: All dealership […] [Read More]

George Augustaitis, who is director of automotive industry and economic analysis at CarGurus, joins the Auto Remarketing Podcast to talk about how the automotive and economic impact from COVID-19 is different than other crises. He also talks about the used-car market ups and downs around supply and demand, auction trends and pricing. Plus, Augustaitis discusses how […] [Read More]

With Cox Automotive continuing to emphasize digitization in both wholesale and retail and aiming to connect its digital offerings across the company’s brands, it has appointed Derek Hansen — previously the Manheim vice president of offsite solutions — to a role leading the Stockwave and iRecon teams at vAuto. Meantime, it has added Connie Suozzo and Blake […] [Read More]

Black Book analysts made the connection of how federal stimulus payments and enhanced unemployment benefits given during April and May combined with limited used-vehicle inventory combined to create the highest weekly appreciation “in recent history.” According to Black Book’s newest COVID-19 Market Update released on Tuesday, overall car and truck segments values both generated gains […] [Read More]

During a year that’s already included an acquisition, an office opening and an investment from a venture capital provider, Spiffy’s active 2020 continued Tuesday with a partnership announcement with HONK Technologies, a platform connecting drivers, towing professionals, and insurers, has partnered with, The provider of on-demand car care, technology and vehicle disinfection services and products […] [Read More]

Editor's Note: This is story is part of our upcoming Leading Dealer Groups print edition of Auto Remarketing. This early look at that content is being offered to CMG Premium subscribers. The Leading Dealers Groups print edition of AR will be released in July.  Like many dealers across the U.S., Dawn Walston and the team at […] [Read More]