Experts see current bankruptcy trends as a reminder of 2008. According to data provided by Epiq AACER, total U.S. bankruptcy filings in August increased 6% year-over-year to 47,936. That’s up from 45,177 filings a year ago. Epiq AACER reported total individual bankruptcy filings came in 7% higher at 45,395. That’s up from the August 2024 […] [Read More]

Sarah Milovich, who is general counsel and vice president of compliance with Carleton, recently cautioned lenders that when loan calculators do not function properly “they are ticking time bombs of compliance risk.” Carleton followed up on Milovich’s assertions in her industry commentary by releasing findings from a nationwide survey highlighting the extent to which lenders […] [Read More]

The Canadian government is backing its commitment to electric vehicles with dollars. Minister of Housing and Infrastructure Gregor Robertson — the minister responsible for Pacific Economic Development Canada — speaking on behalf of Minister of Energy and Natural Resources Tim Hodgson, last week announced nearly $22.7 million in funding for eight projects aimed at improving […] [Read More]

ACERTUS, which provides an automotive logistics-as-a-service platform, has a new CEO. The company said Thursday that chief financial officer Michael DeLuca has taken on the top leadership post. With the leadership transition, ACERTUS is also adding two new roles: Kevin Oakleaf has been named chief legal counsel and secretary, while Gina Sheffler has been named […] [Read More]

Not all recalls are created equal. And according to Carfax’s data, the most dangerous kind of recalls is on the rise — in a big way. The provider of vehicle history reports warns of a “concerning spike” in “Do Not Drive” recalls issued by the National Highway Traffic Safety Administration, affecting hundreds of thousands of […] [Read More]

RunBuggy’s newest partnership aims to keep trucks running, rather than stopping. The auto logistics technology platform is collaborating with PrePass, a provider of integrated weigh station bypass and toll management services, to help RunBuggy’s network of auto haulers improve efficiency, reduce operational costs and keep moving. RunBuggy will refer its carriers to PrePass, the companies […] [Read More]

ACV kicked off several pilot programs in its second quarter and is using those learnings to fine-tune and craft next-generation, artificial intelligence-powered products, said the company’s CEO, George Chamoun. Chamoun commented on some of those endeavors during ACV’s conference call detailing its earnings for its second quarter, which ended June 30. Two pilot programs Chamoun […] [Read More]

Autosled has launched its latest weapon in the war against fraud. The provider of digital technology for vehicle transport logistics unveiled SecurePass, a digital gate pass system for vehicle shipments designed to combat increasing industry fraud attempts while producing smoother vehicle pickups and deliveries. “SecurePass’s market-leading technology provides retail automotive dealers and dealership employees with […] [Read More]

Black Book spent a good portion of its newest edition of Market Insights discussing three vehicle segments. Analysts on Tuesday detailed what’s going on in the wholesale market with full-size and small pickups as well as midsize cars. “Ahead of the Labor Day holiday, the market remained strong, with overall values showing only a slight […] [Read More]

OPENLANE wants transparency to go beyond just seeing what you’re buying at an online auction. Now you can hear it, too. The provider of digital marketplaces for wholesale used vehicles has launched Audio Boost AI, a new tool on its U.S. platform designed to improve dealers’ confidence and speed in evaluating vehicles. The feature, which […] [Read More]