OTTOMOTO has been as busy as any shop in financial services on the partnership front. Last week, the innovator in digital lending platforms finalized a partnership with Carleton, a provider of financial calculation and compliance solutions The companies said this strategic collaboration is set to broaden Carleton’s impact in the automotive finance industry, bringing compliance, […] [Read More]

MC2 Finance, a provider of commercial transportation financing solutions, recently announced a new partnership with FlexPath DXP, a company associated with digital identity verification and credit prequalification technologies. Through this partnership, MC2 Finance will utilize FlexPath’s VeriQual solution to streamline credit prequalification and identity verification processes, enhancing security and efficiency for both MC2 Finance and […] [Read More]

FICO recently released new research from its second annual Global Scams Impact Survey regarding consumers’ increased use of real-time-payments (RTP), leading to higher reported scam threats and an increase in losses. Overall, FICO found consumers around the globe report that with the increase of scams, they have higher expectations for fraud prevention at banks. Experts […] [Read More]

Xcelerate Auto, a Texas-based provider of electric vehicle leasing, financing and warranty solutions, recently introduced a new payment option for its XCare EV Protection plan. Through an exclusive partnership with Service Payment Plan (SPP), Xcelerate now can enable customers to purchase XCare EV Protection with a convenient, interest-free payment plan, requiring no credit check and […] [Read More]

The Consumer Financial Protection Bureau recently released a report examining federal and state-level privacy protections for consumers’ financial data. The regulator said its report noted that protections under federal regulations for financial data have limits. Yet, officials pointed out many new state data privacy protections exempt financial institutions and consumer financial data covered by federal […] [Read More]

Cox Automotive began the year by selling its product cancellation and refund tool to F&I Sentinel. Then on Monday, Vitu, an innovator in vehicle-to-government (V2Gov) technology, announced it has entered into a definitive agreement to acquire the Dealertrack registration and titling businesses from Cox Automotive. According to a news release, this transaction does not impact […] [Read More]

Independent car dealerships had to navigate a number of trends in 2024, from supply constraints to consumers reacting to new economic pressures. While the coming year is showing positive signs for used-car dealers, we’ve learned that the future is never certain. No matter what curveballs are around the corner, there are key strategies used-car dealers […] [Read More]

It’s that time of year again, time to reflect on all that we should be thankful for. First and foremost is our life and health. It’s much easier to focus on all that’s wrong in the world. Now, down to business. You know that tension that always seems to be there between your sales and […] [Read More]

Cox Automotive executive vice president and vAuto founder Dale Pollak is leaving the company at the end of 2025, Cox announced Thursday. Over the next year, Pollak plans to transition key customer relationships and thought leadership strategies, while also continuing his National Automobile Dealers Association teachings. He will also represent Cox Automotive at NADA Show […] [Read More]

Reynolds and Reynolds has a vision. A Skaivision, to be precise. The dealership software provider announced a collaboration with Skaivision, creator of “smart space” computer vision artificial intelligence software for auto dealerships, that includes an investment in the company. In a news release, Reynolds said it sees the partnership as “a significant opportunity to help […] [Read More]