On Friday, Toyota Motor North America and Toyota Financial Services  announced executive changes that the companies said further strengthen their leadership in key areas. According to a news release, Holly Walters, president and chief executive officer of Toyota Financial Savings Bank, was promoted to chief information officer and group vice president of information systems for […] [Read More]

Traffic trends from online automotive marketplaces are seeing nice lifts. Autotrader had close to 11 million visitors the week of April 6, up from less than 9 million a year ago, according to a Data Point report from parent company Cox Automotive. While visitor count fell between the weeks of March 2 and March 16 […] [Read More]

It’s no secret that in looking at various surveys and studies on vehicle reliability, Toyota and Honda usually stand out. Those automakers also stand out in affordability. That is according to iSeeCars’ most recent study, which is titled “Best Affordable Used Cars” and lists “reliable and safe used cars" by price and segment. But other […] [Read More]

Recent Auto Remarketing reports chronicled the swift declines in wholesale activities at auctions and the softening of vehicle retail sales at dealerships. The data science team at Womply, a software and API company serving small businesses and app developers, looked to quantify the impact of COVID-19 on segments of the automotive industry that might be used […] [Read More]

Asbury Automotive Group has named Patrick (PJ) Guido as senior vice president and chief financial officer. Guido joins the company effective May 11. Since April 2018, Guido has served as chief financial officer for lululemon athletica inc., a NASDAQ-listed multinational designer, distributor, and retailer of healthy lifestyle-inspired athletic apparel and accessories. He previously served as […] [Read More]

PowerBand Solutions made moves on Thursday to brand its cloud-based consumer platform to buy, sell, lease and trade vehicles. According to a news release, PowerBand Solutions announced it started the process of trademark registration for the brand DRIVRZ as its top-level wordmark and logo for its future leasing and finance operations, as well as ongoing […] [Read More]

Automotive Titling Corp. (ATC) recently revamped its finance-office tool to help facilitate digital retailing. The provider of title and registration information for all 50 states (including the District of Columbia) and every taxing jurisdiction in the U.S. announced the release of version 4.0 of its fee and tax API. The company highlighted version 4.0 of […] [Read More]

Kroll Bond Rating Agency (KBRA) acknowledged its March prime and non-prime auto loan ABS indices don’t yet reflect the depths of how the automotive asset backed securities market might be impacted by the coronavirus pandemic. Auto securitizations showed improving credit metrics stemming from March servicer reports connected to the February collection period. The annualized net […] [Read More]

A new exclusive agreement between IAA and NASCAR Enterprises LLC allows IAA to use NASCAR facilities for total loss vehicle storage after a catastrophe. IAA said the agreement further increases its catastrophe capacity footprint and expands an already long-term relationship between the two organizations. In addition to the company’s other catastrophe acreage, the 14 NASCAR […] [Read More]

Canadian Black Book and TRADER Corp. each generated data and information this week aimed at uncovering just how significant the impact the COVID-19 pandemic has been on the country’s automotive wholesale and retail segments. The results from both firms showed dramatic declines, especially with many auctions and dealerships forced to cease activities as authorities try to […] [Read More]