Nothing frustrates consumers more than having spent hours researching and configuring a vehicle on third-party auto shopping websites only to find that the vehicle they configured doesn’t exist at the dealership, opined Richard Wallace, former vice president, transportation systems analysis, at the Center for Automotive Research, an independent, non-profit research organization. So it’s up to […] [Read More]

Perhaps involving consumers who also have installment contracts with subprime auto finance providers, the Consumer Financial Protection Bureau and the Federal Trade Commission each announced enforcement actions against firms the regulators deemed to be orchestrating fraudulent debt-relief programs. Over at the CFPB, the bureau recently settled its lawsuit against Freedom Debt Relief, one of the […] [Read More]

Eddie Hall III embodies the words, “rising star” as it relates to the automotive industry, said Cox Automotive vice president, talent, learning and culture Keisha Duck. “He also exemplifies a core value of Cox Automotive and the Cox family — community service,” Duck said in a news release about Hall, who is general manager at The […] [Read More]

The editors at Autotrader have released a list of what they believe are the best certified pre-owned deals for vehicle shoppers in July. They like the offerings of several manufacturers, but this month, Lexus stands out for them. Why is the Lexus certified pre-owned program one of their favorite CPO deals? The “attractive incentives,” according to […] [Read More]

Fueled by multiple funding rounds totaling $10 million, Joydrive also expanded its dealership client base by recently forging a relationship with the Findlay Auto Group and Gee Automotive. The online vehicle marketplace not only added Findlay and Gee as dealer members, but the groups also joined Joydrive’s advisory board. Joydrive said it raised $6 million in multiple […] [Read More]

Pushback dealerships might hear from potential vehicle-lease customers come from individuals who say that using ridesharing services could be more cost effective rather than taking on a lease contract. Well, the analyst team at Swapalease.com ran the numbers — taking into consideration that costs for ridesharing services are climbing — and recently shared an estimated […] [Read More]

Vehicle subscriptions are changing the industry landscape and developing into a viable alternative to traditional purchasing and leasing models. Vehicle subscription provider flexdrive is benefiting from that change, noting growth in an array of areas during the first half of the year. The joint venture between market leader Cox Automotive and Holman Enterprises recently shared […] [Read More]

The National Independent Automobile Dealers Association is looking to give members all the resources they need to be compliant with the state and federal regulations that oversee their retail and financing operations. As a result, NIADA recently formed a strategic relationship with ComplyNet, a provider of compliance solutions in the automotive industry, to help independent […] [Read More]

Kroll Bond Rating Agency (KBRA) announced four senior personnel changes to the teams at its New York office that monitor securitizations and the auto asset-backed securities market. According to a news release distributed on Friday, Anthony Nocera, co-head of the ABS Group, has decided to transition to a senior advisory role at KBRA. Nocera, who […] [Read More]

A new Hartford, Conn., location for Copart marks the second Connecticut site for the global online vehicle auction company. The location, formerly named Hartford-Springfield Auto Auction, provides capacity for Copart’s continuing volume growth in the region, and it means more convenience for the company’s buyers in the area, Copart chief executive officer Jay Adair said […] [Read More]