A TransUnion financial hardship survey in late October showed that more than half of Americans — 54% to be exact — said they have been financially impacted by the COVID-19 pandemic. And TransUnion’s origination data for both auto financing and personal loans reflect that effect. Looking at originations booked during the second quarter, TransUnion reported […] [Read More]

Shred-it discovered noticeable jumps since 2017 in both corporate executives and small-business owners reporting that they experienced a data breach. The information security service provided by Stericycle announced the findings when Shred-it released its 10th anniversary edition of the Data Protection Report, which outlines data security risks threatening U.S. enterprises and small businesses. According to […] [Read More]

Lightico not only is gaining more clients, but the platform built so customers can interact digitally with auto-finance companies and other financial services firms is securing more funding resources, too. On Tuesday, Lightico announced a $13 million investment led by Oxx, with participation from Capital One Ventures and Harmony Partners, to accelerate adoption of its […] [Read More]

Although demand for new and used vehicles remained hot through the summer months, the deep-rooted effects of COVID-19 continue to have profit-eroding implications on many auto dealers who have been forced to acquire used inventory at bloated prices at auction. Manufacturer delays and reduced inventory have all but decimated dealers’ ability to maintain new-car sales […] [Read More]

Former KAR Global executive and TradeRev president Becca Polak has joined CarLotz as its first chief commercial officer and general counsel. Polak joins the senior management team at CarLotz, which recently announced plans to go public through a merger with special purpose acquisition company Acamar Partners Acquisition Corp.  She reports to co-founder and chief executive […] [Read More]

Stating it will provide visitors a safe, innovative and eco-friendly transportation alternative, autonomous mobility-as-a-service provider, Beep, will deploy what it says are the first autonomous shuttles at Yellowstone National Park with the National Parks Service. The pilot deployment program, which will take place in May, will test multi-passenger, electric automated vehicle platforms. To plan, deploy […] [Read More]

Whether they are talking automotive or otherwise, this surely is a question many people are asking: What is going to happen in 2021?  A presentation at Used Car Week, which begins Monday, aims at answering that question — at least when it comes to new- and used-vehicle sales.  Used Car Week kicks off  with Auto Fin Con and […] [Read More]

Military AutoSource, a vehicle buying program exclusively for the U.S. military community serving overseas, has chosen Digital Air Strike as the official Google My Business and reputation management partner for Military AutoSource’s 77 locations in 22 countries. Digital Air Strike said it was selected because of its expertise in monitoring, improving and managing businesses’ online […] [Read More]

V.I.P. Auctions said on Tuesday that with its new camera-based artificial-intelligence technology, it will be one of the first vehicle auction companies to use automated vehicle-inspection systems to evaluate tires and underbody components for used-vehicle inspection. The company, which is located near Atlanta and serves Southeastern franchised dealerships, commercial fleets and lending institutions, said the […] [Read More]

Lithia Motors & Driveway has bulked up its presence in LA and the Southwest. The company said in an announcement Tuesday that it has purchased nine stores from Keyes Automotive Group, an acquisition that “rounds out” the retailer’s Southern California footprint and expands it to Phoenix. According to a separate news release from Kerrigan Advisors, […] [Read More]