A liquidity crisis? You won’t find that in the pre-owned car market. “There’s 40 million used cars sold annually in the United States, 150 million globally,” said Scott Painter, chief executive officer of Fair. “There’s no liquidity crisis in the used-car market,” Painter said. “The lifeblood of the modern car dealership is the opportunity to buy […] [Read More]

Edmunds has launched a digital retail pilot that lets the car shopper complete a lease deal online, through a dealership. The Santa Monica, Calif.-based company started the leasing pilot in Los Angeles with local dealers there and has opened the platform throughout California, leaders with the company told Auto Remarketing during an interview at the […] [Read More]

The competition dealerships are facing to retail vehicles to consumers in two of California’s largest cities is becoming even more complicated thanks to a mobile startup looking to connect people who want to share their cars. About a year after landing more than $40 million in capital, Getaround, the platform that founders said can empower users […] [Read More]

Reviver Auto now has plans to roll out its Rplate digital license plate in Dubai, the company announced Thursday.   This follows news from last month that the company has partnered with Pendragon North America, which will sell the Rplate Pro to California consumers as a dealer partner. Reviver Auto said that it is now working […] [Read More]

Dealer.com announced Wednesday that it has earned the Certified Against Fraud Seal from the Trustworthy Accountability Group (TAG). The TAG certification program aims to combat criminal activity and increase trust in the digital advertising industry by creating transparency in the business relationships and transactions that support the digital ad industry. The program was created to concentrate on eliminating fraudulent […] [Read More]

Technology might be providing a way for automakers and franchised dealerships to gain sales opportunities long after the buyer finalizes the contract in the F&I and the vehicle is delivered. LexisNexis Risk Solutions highlighted that OEMs looking to leverage connected car data to offer their customers usage-based insurance (UBI) options through participating insurers and create […] [Read More]

Carvana announced Wednesday the launch of four New England markets in the cities of Boston; Worcester, Mass.; Manchester, N.H.; and Providence, R.I. Consumers residing in the four New England markets can now shop Carvana’s more than 10,000 vehicles and schedule as-soon-as-next-day vehicle delivery. “As we grow our presence in the Northeast, New England is critical to that […] [Read More]

In describing his company’s strategic alliance with Ally Financial, Fair chief executive Scott Painter used a locomotive analogy. “In a lot of ways, Fair is the train. And Ally is the railroad,” Painter said in a phone interview on Tuesday. “We get just a tremendous amount of liquidity and distribution through Ally, and I think […] [Read More]

AutoGravity is looking to bring auto finance customers to captives and commercial banks where it might be appropriate for the providers to learn greetings such as bon jour, guten tag or kon'nichiwa. On Tuesday, AutoGravity announced a partnership with Westbon, one of the first lending platform for international students in the U.S. Through this unique […] [Read More]

Car and Driver, as it turns out, isn’t just for reading anymore. The Hearst Autos media property already had recently expanded editorial reviews, car listings and pricing information. Now, it has added a Trade-In Value tool and a Credit Score tool to make the buying process easier for both dealers and consumers. “Dealers and consumers […] [Read More]