Autonomy, the Scott Painter-led electric vehicle subscription company, has secured $25 million in financing to expand its fleet by about 1,250 vehicles. The move extends Autonomy’s fleet, which previously only included Tesla, to new brands, along with adding late-model used and off-lease certified pre-owned vehicles into its offering. Autonomy is adding Volvo and Polestar vehicles […] [Read More]

Amazon Autos welcomed a new addition Monday: certified pre-owned owned vehicles from Ford. Consumers can shop, finance and purchase Ford CPO units via Amazon Autos and take in-person delivery of the vehicle at local Ford stores. The program has launched initially in Los Angeles, Seattle, Houston and Dallas, with plans to add other markets. “The […] [Read More]

Curbee’s latest report is about a 16 that’s not so sweet for dealership service departments. The mobile service technology provider’s report, titled The16, is built around statistics from IBISWorld showing there are more than 300,000 independent auto repair shops in the U.S. compared to some 18,000 franchise dealerships — a massive 16-to-1 advantage for the […] [Read More]

One of the co-founders of OPENLANE and The Appraisal Lane is beginning another career chapter. Digital license plate provider Reviver on Friday announced the appointment of Andrew Iorgulescu as chief executive officer and president. The company said the change in executive leadership marks an important moment as Reviver reaffirms its commitment to innovation, adaptability, and […] [Read More]

Now under new leadership, AutoCanada announced changes in its executive team as it “continues to strengthen its operational foundation and leadership bench.” All of the changes are effective immediately. The Edmonton-based dealership group has promoted Mikel Pestrak to interim president of dealership operations, Art Crawford to president of collision operations and Cynthia Hill to general […] [Read More]

OPENLANE subsidiary PAR has a new vice president — someone familiar to the repossession and recovery industries. Coming aboard with three decades of experience spanning corporate operations, law enforcement, and compliance management is Dave Baker, who will serve as the executive leader of PAR, with oversight of all sales, operations, compliance, remarketing, titles, industry relationships […] [Read More]

Haig Partners has a new managing director with a resume that includes stints with luxury automakers and a fellow firm in the advisory space. The dealership buy-sell advisory firm announced the addition of Emily Bourne to lead its efforts in the Midwest and with Lexus and Porsche dealerships. Bourne has plenty of experience with those […] [Read More]

Equifax doesn’t want financial services firms and related industries to land in trouble for not meeting anti-money laundering (AML) mandates. So on Friday, Equifax introduced new AML compliance solutions designed to ease the burden of regulatory compliance by flagging potential associations between a prospect and activities that may indicate potential money laundering. The latest AML […] [Read More]

TransUnion is trying to help the financial services industry clean up the proliferation of credit washing that’s impacting auto finance and beyond. To combat credit washing — the practice of removing legitimate, accurate and non-obsolete credit data from credit profiles — TransUnion this week rolled out its Credit Washing Solution to help financial institutions detect […] [Read More]

The run of sagging sales at Canadian auto auctions continues. In its Market Insights report for the week ending Nov. 8, Canadian Black Book reported the sale rate for monitored auto auctions averaged 23.5%, with a range from 21% to 65.9%. It’s the fifth consecutive week with an average conversion rate of less than 30%, […] [Read More]