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. +
Kelley Blue Book’s Erin Keating sees rising ATPs as “more like normalization than a new pricing problem” as MSRPs — and incentive spending — ticked upward in February. +
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. +
The owners of Eastern Iowa’s Sky Auto Mall are accused of double flooring in a lawsuit that seeks $12.3 million in compensatory damages and the seizure of financed units. +
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. +
Agent Summit and Automotive Ventures have partnered to present the inaugural Startup Symposium, a new event for agents leading the charge toward F&I innovation. +
Citing agent and dealer demand, CornerStone United created Core360 to combine its new and used vehicle service contract programs into one streamlined offering. +
APCO Holdings announced a series of executive leadership moves, including a chairmanship for CEO Tony Wanderon and the promotion of Christina Schrank to COO. +
