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This Month's Focus

Turbocharged Finance
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Arvest Bank sees early successes with FICO Auto Score 10
Arvest Bank — a regional, full-service lender with more than 200 locations throughout Arkansas, Oklahoma, Kansas and Missouri — recently upgraded to FICO Auto Score 10 in a move to give the institution a more precise view of borrower risk ... Read More
dealership employee COMMENTARY: The secret to accelerating funding in indirect auto lending
In the early 2000s, I sat at a dealership finance desk with a calculator, a stack of pay stubs, and a phone that wouldn’t stop ringing. I gathered stips by hand, calculated income line by line, and verified insurance, hoping ... Read More
Mercedes-Benz USA approves NETSOL as a digital retail provider for its dealerships
NETSOL Technologies recently highlighted Mercedes-Benz USA has approved NETSOL as a digital retail provider for Mercedes-Benz dealerships. This move opens the brand’s dealer network to Transcend Retail, NETSOL’s digital retail platform. The platform gives buyers a single, continuous purchase experience, ... Read More
SPONSORED EPISODE: Prospects for more auto refinancing with Gravity Lending
In this special sponsored episode of the Auto Remarketing Podcast brought to you by Allied Solutions, we turn our attention to auto refinancing. Brad Paxman oversees 90 lender relationships for Gravity Lending, which is an auto refinance and fintech company ... Listen Here
Used Car Week Hall of Fame: Bob McConkey of McConkey Auction Group
Next up on our series featuring the 2026 Used Car Week Hall of Fame honorees is a conversation with Bob McConkey, president and CEO of the McConkey Auction Group. McConkey, along with MAG chief operating officer David Pendergraft and DAA ... Listen Here
SPONSORED EPISODE: What independent dealers need to be successful with Chris Vangellow of Frazer
In this special sponsored episode of the Auto Remarketing Podcast, Chris Vangellow, who is the Director of Product Management at Frazer, described what’s changed most about running an independent dealership over the past few years, especially from a technology perspective. ... Listen Here

Ally funding several initiatives in connection with Black History Month

Ally Black History Month
Auto Fin Journal Staff
Ally Financial again is organizing support for a variety of initiatives now that Black History Month is underway, saying that access to careers with long-term growth potential is still not equal for everyone. To address this inequity, the company announced ... [Read More]

Hyundai Capital America now available for eContracting via RouteOne

Hyundai 5-20-19_0_0_0
Auto Fin Journal Staff
Hyundai, Kia and Genesis dealers that use RouteOne now have more functionality when working with their captive finance company. RouteOne recently announced that Hyundai Capital America is now an available eContracting finance source for utilizing the RouteOne platform. Through RouteOne ... [Read More]

AutoFi debuts Lending as a Service capabilities

Jonathan Schenk at AIS 2018
Auto Fin Journal Staff
Just like a finance company might do with its portfolio, fintechs diversify, too. Look at what’s happening at AutoFi. Building on the strength of its digital retail platform, AutoFi has launched a new business division focused on the automotive industry’s largest ... [Read More]

Tresl & CreditSnap enhance relationship with investment & solution launch

banking amplified for web
Auto Fin Journal Staff
Tresl is making an investment in a fellow fintech stemming from a relationship that began nearly two years ago. And the firms are also rolling out a tool aimed to help banks and credit unions. On Tuesday, Tresl announced that ... [Read More]

Inovatec launches optical character recognition within JAVELIN

inovatec screen shot with border for web
Auto Fin Journal Staff
Inovatec Systems Corp. rebranded its cloud-based software solutions back in October. This week, the fintech firm launched a major enhancement designed to save time and manual labor. Inovatec announced its JAVELIN platform now offers optical character recognition (OCR) for automatic ... [Read More]

After 3 major accomplishments in 2020, MotoRefi announces $10M in new funding

fintech investment
Auto Fin Journal Staff
Within a week, another Emerging 8 honoree received an injection of financial resources from the investment world. Soon after an announcement by Volta, fellow honoree MotoRefi — an auto refinancing startup on a mission to help people save on their ... [Read More]

COMMENTARY: How all components are in place for automotive digital retailing in 2021

digital retailing
Rusty West, Market Scan
It is certainly an understatement to say the world has been turned on to online shopping and digital retailing. According to Adobe Analytics, during the 2020 Black Friday event, online sales increased 22% over the previous year. What’s more, the ... [Read More]

Volta lands $125M in Series D funding to accelerate EV charging station network

Volta_Charging for web
Auto Fin Journal Staff
Volta certainly recharged its finances to begin 2021. The Emerging 8 honoree previously highlighted in Auto Fin Journal and developer of commerce-centric electric vehicle charging networks announced an oversubscribed Series D financing of $125 million. Volta said this week that Goldman ... [Read More]

Walser involved in launch of AI-driven solution designed for 30-minute vehicle delivery

fuse autotech for web
Auto Fin Journal Staff
On Tuesday, Walser Automotive Group, in partnership with PICO Venture Partners, announced the launch of a cloud-based predictive finance management system fueled by artificial intelligence that’s designed to cut the delivery process down from an average of three hours to ... [Read More]

Equifax enhances employment verification to accelerate auto financing in digital environment

equifax collage for web
Auto Fin Journal Staff
While other segments of the economy are struggling, Equifax highlighted that vehicle sales showed strength at the end of 2020 in spite of the economic impacts of the COVID-19 pandemic. And Equifax is trying to help make sure the industry ... [Read More]

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