Auto finance made up a majority of charge-offs for Community Trust Bancorp Inc. The Pikeville, Ky.-based bank reported $1.2 million of charge-offs in indirect auto finance in the first quarter.…
Carvana Co. has acquired fellow technology innovator Car360, accelerating Carvana’s 360-degree photo technology capabilities with 3D computer vision and augmented reality. More than five years ago, Carvana introduced a 360-degree…
Auto finance default rates continue to remain stable. S&P Dow Jones Indices and Experian report that the auto finance default rate fell to 1.05 percent from 1.09 percent in February.…
APCO Holdings, home of the EasyCare, GWC Warranty, Covideo, and Savy brands, has named David Vickers as the company's new chief financial officer. Vickers brings 35 years of experience in…
Ally Financial Inc. and Fair announced a strategic relationship in which Fair will use Ally's SmartAuction as a remarketing solution for its returned cars, and offer consumers flexible car financing…
CalAmp announced plans to partner with TransUnion to help insurance carriers better manage risk, minimize replacement losses and improve customer service. The partnership intends to leverage TransUnion's insurance data and…
Longtime national partners Kaboom and The CarMax Foundation are building a community playground and providing 10 life-size creative play sets to organizations that serve military families during the "Week of…
Innovate Auto Finance, a purchaser and servicer of automobile loan portfolios and provider of line-of-credit financing, has hired Kevyn Rails as vice president of portfolio acquisitions. In this role, Rails…
Kroll Bond Rating Agency (KBRA) has released its monthly auto loan indices. Annualized net losses and 60-plus day delinquencies fell month-over-month in both KBRA’s Prime and Non-Prime Indices. However, non-prime…

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