Progress toward making automated driving systems better and safer took another step forward on Monday. The U.S. Department of Transportation announced nine companies and eight states have signed on as the first participants in a new agency initiative to improve the safety and testing transparency of automated driving systems. The participating companies involved in what’s […] [Read More]

Both S&P Global Ratings and Moody’s Investors Service are trying to use their data and information about the auto ABS market to project the health of finance companies and their portfolios later this summer and beyond. Each firm considered payment frequency, extensions and other actions to help finance company customers and what how those actions […] [Read More]

Ken Shilson of Subprime Analytics made his podcast debut to discuss one of his favorite industry endeavors — the annual buy-here, pay-here benchmarks that can give dealers of all sizes a barometer about a host of operational segments. Shilson also delved into a series of recommendations aimed at helping BHPH dealerships navigate through the coronavirus […] [Read More]

The volume of off-rental vehicles making its way into the wholesale market in 2020 is expected to be 250,000 higher than forecasted pre-pandemic, according to Black Book, which said in last week’s COVID-19 Market Updates report that rental companies are likely to shed units from their fleets in the back half of the year to align with […] [Read More]

CORRECTION: Story has been corrected to clarify that DI is one of eight selected preferred providers.    Dealer Inspire (DI), a Cars.com company that provides disruptive technology and digital marketing solutions to the automotive industry, recently announced a new OEM agreement with American Honda Motor Co. DI has been selected as a website and technology […] [Read More]

Toyota Motor North America (TMNA) made a pair of executive changes the automaker indicated are designed to help guide the company's vision toward becoming a mobility company. In changes that were effective June 1, Toyota announced Cheryl Hughes, former group vice president and chief HR officer at TMNA, has become group vice president for business […] [Read More]

Nicholas Financial found a way to cheer the close of its 2020 fiscal year since it broke a string of two consecutive years of negative earnings. And the subprime auto-finance company also highlighted how funds from the Paycheck Protection Program generated a positive impact, too. Nicholas Financial reported that its net income for the fiscal […] [Read More]

Oftentimes when realtors show a property, they know a combination to a lockbox that contains a key to enter the dwelling or office to show their clients the premise. Biig has developed technology for a similar scenario. But in this case, it’s to help dealerships facilitate contactless test drives and deliveries. The company explained what […] [Read More]

On Monday, CDK Global announced its intention to create a chief operating officer role to better align functions and improve the overall effectiveness of the company’s North American business. The company then said executive vice president and chief financial officer Joe Tautges will assume the COO position effective upon appointing a successor to the CFO role. […] [Read More]

In this special sneak preview of the upcoming Leading Independent & Franchised Dealers issue of Auto Remarketing, we share the Top 25 Franchised Dealers Based on 2019 DealerRater reviews, as well as the Top 25 Used-Car Models Among Franchised Dealers, courtesy of Cross-Sell Interactive. This preview is available for CMG Premium members before the digitial edition of the magazine […] [Read More]