The Flamboyan Foundation believes all children deserve the opportunity to live a fulfilling life. The foundation works to ensure every U.S. and Puerto Rico child has an opportunity for a strong education. Volkswagen of America says it believes in the importance of education, and it supports causes like the Flamboyan Foundation. That support continued on […] [Read More]

Technology company Driven Data has launched its next-generation automotive industry marketing platform, stating that it uses “prescriptive marketing” to help dealers “unlock the power of their existing operational data to inform marketing decisions.” The company says its platform powers advanced features such as its budget optimization engine. The engine optimizes daily spending based on a […] [Read More]

After discussions and negotiations that spanned “several years,” Columbus Fair Auto Auction (CFAA) became part of the XLerate Group on Friday afternoon. During a phone conversation with Auto Remarketing just a couple of hours after the acquisition closed, XLerate chief executive officer Cam Hitchcock conveyed a message to customers of CFAA, an auction that’s been […] [Read More]

An extra hour of sleep is nice. But according to a recent survey from Autolist, the negatives of daylight saving time outweigh the positives. That is especially true when it comes to people’s daily commute, according to the survey. Six percent of survey respondents said they had been in a car crash that was the […] [Read More]

Contained in the same report that highlighted used-vehicle retail sales, the midyear version of NADA Data 2019 released by the National Automobile Dealers Association (NADA) highlighting the average earnings of employees at franchised dealerships. This year’s report shows that, as of the end of June, the country’s 16,741 franchised light-vehicle dealerships in the United States […] [Read More]

According to a news release distributed on Thursday, CARFAX filed a complaint this month as a first step toward stopping businesses from illegally accessing its data. The suit was filed against Patrick K. Willis Company Inc., doing business as American Recovery Service (ARS). CARFAX said ARS is one of several companies that the vehicle history report […] [Read More]

Late on Thursday, CarMax announced the next segment of its long-term planning process; this time involving its chief financial officer transition. The company said in a news release that Enrique Mayor-Mora, who has served as CarMax’s treasurer since 2016, will be promoted to senior vice president and CFO. Meanwhile, Tom Reedy, who has served as […] [Read More]

Toyota Motor Credit Corp. (TMCC) said it made a complex financing move that the captive said was “demonstrating the company’s commitment to innovation and advancing its reputation as an industry leader.” On Thursday, TMCC announced that it issued its first secured overnight financing rate (SOFR) medium-term note (MTN) transaction. The company indicated the one-year U.S. […] [Read More]

As another member of the auto-finance industry became chairman of the American Financial Services Association’s board of directors, an executive who has been with Credit Acceptance since 1996 received AFSA’s Distinguished Service Award (DSA) during the organization’s annual meeting in Nashville, Tenn. The association’s highest honor went to Charlie Pearce, who serves as the chief […] [Read More]

Sometimes when a service provider develops new technologies or processes, the firm must make a host of adjustments between a pilot program and when the solution or offering is officially launched into the market. For IAA’s newest offering that germinated through a partnership with SpinCar, IAA chief executive officer and president John Kett told Auto […] [Read More]