Black Book integrates API values & inventory pricing into Carsfast
Tuesday, Dec. 15, 2020, 09:27 PM
Auto Fin Journal Staff
Not long after naming Kenny McDonald as its general manager, Carsfast — a startup dealership driven by artificial intelligence — formed a relationship with Black Book. Black Book recently announced the integration of its used API values and inventory pricing ... [Read More]
COMMENTARY: Guide to tracking today’s virtual auto lending trends into 2021
Monday, Dec. 14, 2020, 05:01 PM
Andy Mayers, Dealertrack
For many of us, it feels like 2021 cannot get here soon enough. While we all are ready for a fresh slate, a robust end-of-year auto lending strategy to close out 2020 on a high note and enter 2021 on ... [Read More]
Huntington, TCF set to merge
Monday, Dec. 14, 2020, 04:50 PM
Auto Fin Journal Staff
The banking sector generated another major announcement on Monday as the parent companies of Huntington National Bank and TCF National Bank said they plan to merge. The banks said they will combine an all-stock merger with a total market value ... [Read More]
CIG Financial to leverage TruDecision solution to boost approvals
Monday, Dec. 14, 2020, 04:48 PM
Auto Fin Journal Staff
One of the first Emerging 8 honorees continues to be on an upward trajectory more than a year after receiving the accolade during the Automotive Intelligence Summit. On Monday, TruDecision announced that its advanced analytic platform will be deployed by ... [Read More]
Financial Data Exchange releases new open finance standards & more
Wednesday, Dec. 9, 2020, 04:19 PM
Auto Fin Journal Staff
The Financial Data Exchange (FDX) is closing the year with its latest release that includes a myriad of technical standards and updates to the existing specification that have now been launched into the financial services marketplace. “FDX’s fall release is ... [Read More]
FICO receives honor for decisioning solution, update on DOJ investigation
Wednesday, Dec. 9, 2020, 04:17 PM
Auto Fin Journal Staff
FICO learned of two upbeat developments this week. First, FICO was named a leader by Forrester Research because the firm “leaves no decisioning stone unturned.” Then, FICO said it received official notification from the U.S. Department of Justice, Antitrust Division, ... [Read More]
Volta names news chief revenue officer
Monday, Dec. 7, 2020, 05:04 PM
Auto Fin Journal Staff
Volta, one of this year’s Emerging 8 honorees, welcomed a new chief revenue officer to its executive leadership team on Monday. Joining the company focused on commerce-centric electric vehicle charging networks is Brandt Hastings, who brings nearly two decades of ... [Read More]
Carsfast taps former Hertz regional manager as GM
Monday, Dec. 7, 2020, 05:02 PM
Auto Fin Journal Staff
Back in October, tech startup Carsfast formed its advisory board that includes Women in Auto Finance honoree Marguerite Watanabe, who is the president of Connections Insights, as well as Hudson Cook partner Michael Benoit. On Monday, the dealership driven by ... [Read More]
New CEOs at DriveTime and Bridgecrest effective at year-end
Monday, Dec. 7, 2020, 05:00 PM
Auto Fin Journal Staff
One of this year’s Women in Auto Finance honorees is about to become a chief executive officer. Last week, DriveTime Automotive Group and Bridgecrest Acceptance Corp. announced a succession plan that involves honoree Mary Leigh Phillips, current chief financial officer ... [Read More]
Swapalease looks to collaborate with dealers, OEMs & contract holders through new program
Wednesday, Dec. 2, 2020, 04:05 PM
Auto Fin Journal Staff
If 2020 has proven anything, it’s that drastic changes can arrive that no one anticipated. With that thought in mind, Swapalease.com wants to bring automakers and dealerships together with vehicle-lease holders who want out of their contract or to switch ... [Read More]
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