Market Scan is feeling quite patriotic with the Fourth of July arriving in just a few days. The partnership between JD Motorsports with Gary Keller and Market Scan for Mike Wallace’s No. 0 Chevrolet at Indianapolis Motor Speedway (IMS) on July 4 has an American patriotic purpose. The automotive solutions and data provider based in […] [Read More]

IAA branding now can be seen on either side of the Atlantic Ocean. On Wednesday, IAA announced that its U.K.-based business unit HBC Vehicle Services has rebranded as part of the global IAA brand. The company explained the rebrand reflects IAA’s commitment to investment, innovation and customer collaboration in the U.K. market. When IAA spun […] [Read More]

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]