Mobiliti bolsters subscription service with increased market data

Detroit-based subscription service Mobiliti is tweaking its business model to provide dealers with real-time market data, the company announced today. In addition to providing consumers with vehicle subscription and purchase options, Mobiliti now delivers market data and additional leads to dealers by tracking customer intent on the site. The “much-needed, market-specific data” will help dealers to […]

• Bianca Chan
• October 21, 2019
• Innovation & Technology

House committee urges oversight of consumer data stored in the ‘cloud’ 

Large banks and lenders will likely move most, if not all, of their computing needs to cloud platforms within the next five to ten years.  In response, regulators are scrutinizing how banks are hosting mass amounts of consumer data in the “cloud,” according to a hearing today with the Task Force on Artificial Intelligence of […]

• Nicole Casperson
• October 18, 2019
• Innovation & Technology

LendingTree and RouteOne partner to increase indirect loans

RouteOne‘s new integration with LendingTree will likely boost the number of indirect auto loans for lenders and create “incremental sales opportunities for dealers,”  the companies announced this week. With the integration, LendingTree’s platform presents consumers up to five personalized loan offers and funnels those applications to RouteOne, which connects thousands of dealers and lenders with […]

• Bianca Chan
• October 16, 2019
• Innovation & Technology, Sales & Marketing

Wells Fargo joins Dealertrack’s integrated contracting platform

Wells Fargo is the latest auto lender to join Dealertrack’s newly launched Digital Contracting on uniFI, Emil Banga, assistant vice president of F&I dealer operations at Cox Automotive, told Auto Finance News. Digital Contracting on its uniFI platform launched on Tuesday with a slew functionality to make the contracting experience a “one deal jacket” for […]

• Joey Pizzolato
• October 16, 2019
• Customer Experience, Exclusive, Innovation & Technology

AutoGravity kicks off subscription service with Mercedes, VW

AutoGravity has entered the subscription service space with the launch of Turn, a program that offers flexible car usage and bundled maintenance, collision insurance and roadside assistance for a monthly payment, Miekie Liebenberg, vice president of business development, told Auto Finance News. Through a webpage or an iOS app, consumers can browse through Turn’s fleet, […]

• Bianca Chan
• October 15, 2019
• Innovation & Technology

Daimler, Hyundai ramp up mobility projects in Korea

Mercedes-Benz and Hyundai are setting their sights on Korea for expanded mobility solutions, the two companies announced separately this week. Daimler Mobility AG — which, like Mercedes-Benz, is a subsidiary of Daimler AG — is expanding its footprint with the creation of Mercedes-Benz Mobility Korea (MBMK). Long-time Daimler executive Guillaume Fritz was appointed managing director […]

• Joey Pizzolato
• October 15, 2019
• Innovation & Technology, Sales & Marketing

Mobility rideshare app expands Texas footprint

Hitch, an Austin, Texas-based mobility startup, has expanded its service to include a route from Austin to Dallas, the company announced. The peer-to-peer service, which connects riders with drivers that are traveling long distances between major cities, launched its inaugural Austin-to-Houston route earlier this year. The platform is structured as a homage to traditional hitchhiking. […]

• Joey Pizzolato
• October 11, 2019
• Innovation & Technology

Bank of America to enhance online portal amid volume boost

Bank of America is planning to revamp its online lending portal and "take it to another level," as dealer adoption has spurred a boost in volume, Tim Owens, consumer vehicle lending sales executive, told Auto Finance News. The goal is to create a "Gen 2" version of the portal, which will provide more optionality for […]

• Bianca Chan
• October 9, 2019
• Customer Experience, Exclusive, Innovation & Technology