WarrCloud, a platform that aims to automate the OEM warranty claims process for dealers, said Wednesday it has entered a data-sharing agreement with Toyota Motor North America. As part of the agreement, TMNA will send specific data (limited to data sourcing) to WarrCloud to support operational processes regarding warranty claims administration for Toyota and Lexus […] [Read More]

Online vehicle retailer Carvana said Wednesday it has expanded same-day delivery service to the Minneapolis area. In addition to select local customers being able to receive their vehicle as soon as the same day the place an order, local sellers can schedule pickup and dropoff the same day they complete an online appraisal through the […] [Read More]

Trusted Sale on Wednesday rebooted its primary product for dealers to highlight the significant time and money spent on inspecting and reconditioning vehicles before offering them for sale. The company has positioned itself as the Used Vehicle Proof Platform — a technology and verification tool that can transform dealership reconditioning activity into independently verified, customer-facing […] [Read More]

Cox Automotive chief economist Jeremy Robb on Monday explained how $6 a gallon diesel costs are beginning to impact consumers, matriculating into the car business. As AAA reported on Wednesday that the average cost of diesel fuel in the U.S. soared to $6.31 per gallon — nearly $3 higher than a year ago — American […] [Read More]

Late on Tuesday, the Federal Trade Commission published frequently asked questions on price transparency to help dealerships and rest of the automobile industry comply with the FTC Act. While the guidance delves into specific topics such as how to handle document fees, rebates and discounts, perhaps the penultimate question and subsequent response might be most […] [Read More]

Used-car sales were down in the reporting period for the latest monthly AutoVision Used Vehicle Inventory Analysis. But there’s a silver lining for dealers: they’re doing more with much less. The report from the Reynolds and Reynolds subsidiary “covers 95% of all used-vehicle activity conducted by dealerships with a website across the continental United States, […] [Read More]

On Tuesday, Edwards Federal Credit Union became the sixth institution to partner with Credit Union Leasing of America (CULA) for its indirect vehicle leasing solutions. The Antelope Valley, Calif.-based institution, which has more than 16,000 members and manages more than $278 million in assets, joined credit unions in Vermont, Pennsylvania, Kansas, Georgia, and Michigan that […] [Read More]

Truist Bank is selling Regional Acceptance, its near-prime auto finance operation. Truist confirmed the move involving a $5.5 billion portfolio in a filing with the Securities and Exchange Commission on Tuesday, with the institution expecting the transaction to close late in the third quarter or early in the fourth quarter of this year. According to […] [Read More]

A discussion of how the vehicle transport industry has changed over the past 10 to 15 years would have to include the obvious: Technology advancements have allowed most transport transactions to be electronic. JD Glover is president and CEO of vehicle transport company, First Source Auto, and he said that when a First Source Auto […] [Read More]

LaFontaine Automotive Group is making it easier for consumers to get a routine check-up on their cars. The dealership group has partnered with vehicle data intelligence company UVeye to deploy its artificial intelligence-powered vehicle inspection technology across the retailer’s Michigan dealerships. Customers visiting LaFontaine’s 40-plus locations across the state will be able to utilize UVeye’s […] [Read More]