AutoRaptor’s AI-powered CRM now features Payment Penciling and Shop-by-Payment, a two-pronged integrated desking experience with a “powerful” new quoting and deal structuring module. +
A “concerned” FTC director is warning U.S. dealerships and dealer groups that their advertised prices may fail to account for fees, down payments, discounts and financing. +
An InformedIQ study based on a survey of more than 2,500 auto finance professionals finds the majority live in fear of “data hallucinations” as the burden of fraud grows. +
Dealertrack's Credit Availability Index climbed to 101.3 in February, a 6% year-over-year improvement, despite a lower overall approval rate and a widening yield spread. +
Experian reports subprime borrowers accounted for 15.3% of U.S. auto finance originations in the fourth quarter, claiming their largest share of the market since 2021. +
Sagini Ramesh will lead a global team dedicated to aligning PCMI’s technology strategy with its business priorities, including the advancement of AI in the PCRS claims administration platform. +
CarMax has agreed to pay $420,000 in damages and a civil penalty of $79,380 after repossessing vehicles owned by at least 28 U.S. servicemembers without court orders. +
Volvo dealers sold 41.7% fewer new units on a year-over-year basis last month, contributing to a nearly 4% overall decline offset by increased sales for Hyundai, Toyota and Honda. +
AutoUnify will help Experian deliver its AI-powered decisioning technology and identity verification expertise to detect and prevent fraud no matter where transactions are completed. +
Citing agent and dealer demand, CornerStone United created Core360 to combine its new and used vehicle service contract programs into one streamlined offering. +
