Ally Financial is asking Sathish Muthukrishnan to complete an array of tasks as the company’s new chief information, data and digital officer. According to a news release distributed on Monday morning announcing he joined the company, Ally said Muthukrishnan will lead its technology, data and digital transformation teams, with a focus on advanced technical capabilities, […] [Read More]

Another provider entered the F&I marketplace this year to connect with consumers who did not opt to secure a vehicle service contract (VSC) at the time of their new- or used-vehicle purchase.   Vincent Odoardi, managing partner of Bedford Chrysler Dodge Jeep Ram in Bedford Hills, N.Y., put it this way in a news release about […] [Read More]

Bentley Motors describes itself as “the most sought-after luxury car brand in the world.” Now, the automaker has launched a new program that it says “sets the benchmark for exclusive pre-owned cars.” Bentley Motors estimates that about 85% of all Bentleys ever built are still on the road. The company describes its new Certified by […] [Read More]

Economic conditions, compliance and how the auction industry embraces digital selling, are wholesale trends on the watch lists of some economists, analysts and auction professionals, many of whom attended Used Car Week, Nov. 11-14, in Las Vegas. In separate interviews, Tom Kontos, chief economist at KAR Global, and Charlie Chesbrough, senior economist at Cox Automotive, […] [Read More]

Retail auto website platform and digital marketing company DealerOn has announced a strategic partnership with independent private equity firm, NexPhase Capital. "NexPhase brings deep sector knowledge, operational expertise and significant resources that will help drive DealerOn's success for years to come,” DealerOn chief executive officer and co-founder Ali Amirrezvani said in a news release. Amirrezvani continued, […] [Read More]

Auto data platform company Dealer-FX chief executive officer and founder Gary Kalk will become executive chairman of the board of directors for the company. The company also announced on Tuesday that it named chief operating officer Bill Lucchini chief executive officer. Dealer-FX, which performs digital transformation and customer experience management for automotive retailers and OEMs, […] [Read More]

A surge in retail activity to close 2019 created a lift in wholesale prices in December, according to the analyst team at Cox Automotive. Those analysts noticed that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 1.54% month-over-month in December. That movement brought the Manheim Used Vehicle Value Index to 141.1, […] [Read More]

The American Financial Services Association applauded one of the first actions of 2020 made by the Consumer Financial Protection Bureau (CFPB). A Hudson Cook partner is among the four members who will serve on the bureau’s taskforce on federal consumer financial law. According to a news release distributed by the CFPB this week, the taskforce […] [Read More]

The Tesla Model S may be the original electric luxury car. But the Nissan Leaf “was the first electric car to target the masses.” That's according to Autotrader.  “Think of it as the modern Ford Model T of electric cars,” the third-party listings brand said in a news release about the Leaf. Autotrader recognized both […] [Read More]

Used-vehicle buying and selling e-commerce platform Carvana launched as-soon-as-next-day vehicle delivery to Santa Fe, N.M.-area residents on Thursday and Sierra Vista, Ariz. area residents on Tuesday. With the two announcements, Carvana now offers as-soon-as-next-day vehicle delivery in 148 U.S. markets. Regarding the Santa Fe news, Carvana founder and chief executive officer Ernie Garcia said that […] [Read More]