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This Month's Focus

Turbocharged Finance
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DigniFi names chief product officer
DigniFi announced the appointment of Jefim Piekarz as chief product officer on Tuesday. The fintech company specializing in access to automobile, powersports and RV repair financing said Piekarz will lead DigniFi’s product and engineering teams, advancing product strategy, technology development, ... Read More
Maritczak brings experience from EY & Ally to PCMI
PCMI continued to revamp its executive team on Tuesday. The provider of lender compliance technology and F&I administration software added Alex Maritczak as senior director of business development, bringing more than 30 years of automotive finance and financial services experience ... Read More
Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
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
Used Car Week Hall of Fame: Grace Huang of Cox Automotive
We begin our series featuring the 2026 Used Car Week Hall of Fame honorees with Grace Huang, president of Cox Automotive Inventory Solutions, who joins Cherokee Media Group’s Joe Overby for a conversation about her career journey, the value of ... Listen Here
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here

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]

MUSA Auto Finance partners with defi SOLUTIONS to service lease portfolio

musa defi for web
Auto Fin Journal Staff
MUSA Auto Finance now is fueled with technology provided by defi SOLUTIONS. This week, MUSA Auto Finance announced its partnership with defi SOLUTIONS to handle the day-to-day servicing of the company’s entire lease portfolio. MUSA said in a news release ... [Read More]

Fair has ‘true watershed moment’ through LendingTree partnership

fair devices for web
Auto Fin Journal Staff
Fair secured a significant new path this week to grow its used-vehicle leasing business, announcing that the platform now will be offered through LendingTree, one of the largest online lending marketplaces. Through the partnership that Fair called a “true watershed ... [Read More]

Rivian chooses Chase to facilitate digital financing platform

Rivian_0
Auto Fin Journal Staff
Consumers who want an electric vehicle from Rivian will have a digital path to finance it. This week, Rivian announced that it selected Chase as its private-label partner to provide customers with what the manufacturer is calling a “truly digital-first ... [Read More]

4 tasks for Wells Fargo’s new office of consumer practices

wells fargo picture for web
Auto Fin Journal Staff
Wells Fargo is looking to reinforce its commitment to consumers. On Tuesday, the bank launched a new enterprise-wide, consumer-focused advisory group, the Office of Consumer Practices (OCP). Wells Fargo explained the OCP will be part of the chief operating office ... [Read More]

Auto/Mate & Dealertrack integrate to accelerate and improve digital contracts

Futuristic car driving 313140188
Auto Fin Journal Staff
Dealerships that use Auto/Mate and Dealertrack now might have a smoother workday when putting deals together for potential buyers. On Monday, the companies announced a new integration that connects Auto/Mate’s dealership management system (DMS) to Dealertrack’s digital contracting. The DealerSocket ... [Read More]

Equifax to acquire Kount to reinforce fraud-prevention solutions

Equifax Kount for web
Auto Fin Journal Staff
Based on cash it generated during the past year, Equifax reinforced its fraud-prevention toolbox by signing a definitive agreement to acquire Kount, a provider of artificial intelligence-driven fraud prevention and digital identity solutions. According to a news release distributed on ... [Read More]

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