U.S. Ford and Lincoln dealers now have access to SelectFI’s predictive lending technology via The Shop by FordDirect, a marketplace for dealer-facing, factory-vetted tools and services. +
Dealer agents who wish to serve as their own product administrator now have a turnkey option with the release of AMS’s BeYourOwnTPA.com. +
NCC has launched Credit Abuse Risk, an Equifax-powered feature designed to assess intent to pay and identify default risk when the customer’s credit is pulled. +
EFG Companies announced the launch of Reinsurance Health Check, a diagnostic review for dealers concerned about program performance amid rising claims severity, higher repair costs and delayed reserve adjustments. +
TrueCar will implement a new vehicle pricing standard as part of an effort to help dealers remain in compliance with federal regulations against deceptive tactics. +
Dealertrack’s Credit Availability Index inched up to 102.4 in April, but analysts say subprime borrowers’ share of the market fell “sharply” after a March surge. +
Kelley Blue Book reports trucks and SUVs are largely to blame for April’s average new-vehicle transaction price of $49,461, a 1.8% year-over-year increase. +
JM&A’s Q1 report finds F&I gross profit per vehicle retailed, penetration rates and products per deal improved, offsetting significant challenges on the front end. +
State Attorney General Rob Bonta says General Motors will pay $12.8 million to settle charges the factory sold OnStar-generated driver data to insurance companies. +
CARS Protection Plus has integrated with Circuitry.ai’s AI-powered Warranty Decision Intelligence Platform in pursuit of faster and more consistent claims handling. +
