In all industries, what happens after the sale can be as critical as the initial transactions themselves. That includes the automotive industry, where cancellations and refunds of finance and insurance (F&I) products are part of the course of the normal lifecycle of interactions between consumers...
Cox Automotive has added a new synthetic identity (ID) fraud indicator to its Dealertrack Compliance solution for car dealers. The new Synthetic ID Fraud Alert is designed to detect synthetic ID behaviors and help dealers guard against fraudulent transactions earlier in the finance and insurance (F&I) process,...
The retail prices of used vehicles may soon be on the decline. After the largest decline in wholesale prices last month since the pandemic began, prices are set to stabilize in the second half of the year, potentially reducing retail used vehicle pricing for consumers...
Inflation and an uptick in new vehicle production have dampened the market for used cars. That’s according to a report late Monday (Jan. 30) from The New York Times, which finds dealers who specialize in pre-owned vehicles suffering as sales and prices decline. “After a...
June 28, 2024
With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. For instance, Bloomberg reported this week that private equity firm Thoma Bravo is looking into selling Canadian digital automotive marketplace Trader, which it acquired in 2016. The company’s valuation could be $2.9 billion or more […]
February 07, 2024
In all industries, what happens after the sale can be as critical as the initial transactions themselves. That includes the automotive industry, where cancellations and refunds of finance and insurance...
February 02, 2024
Cox Automotive has added a new synthetic identity (ID) fraud indicator to its Dealertrack Compliance solution for car dealers. The new Synthetic ID Fraud Alert is designed to detect synthetic ID behaviors and help dealers guard against fraudulent transactions earlier in the finance and insurance (F&I) process, the company said in a Friday (Feb. 2) press release. “As […]
July 10, 2023
The retail prices of used vehicles may soon be on the decline. After the largest decline in wholesale prices last month since the pandemic began, prices are set to stabilize...
January 31, 2023
Inflation and an uptick in new vehicle production have dampened the market for used cars. That’s according to a report late Monday (Jan. 30) from The New York Times, which...
January 04, 2023
When carmakers release their 2022 sales figures this week, they’re unlikely to bring good news. Across the industry, American auto sales are projected to be 13.7 million for last year,...
