With its founder and chief executive officer Ernie Garcia saying consumers are spending more time at home “and balancing that with the need to keep moving,” Carvana is offering as-soon-as-next-day touchless home delivery to 100 additional cities across 24 states. The company said it is doing that to provide those needing to purchase a vehicle […] [Read More]

Byrider is looking to help first responders who are on the frontlines in the fight against COVID-19 have reliable transportation by offering a special discount toward a vehicle purchase through the end of May. The network of buy-here, pay-here dealerships said on Wednesday that active first responders can receive $500 to $750 off the purchase […] [Read More]

Stating it was taking the action because of “greatly restricted business” at many Porsche centers that has taken place recently, the luxury automaker is extending the new-car warranty by three months for all vehicles with a new-car warranty expiring between March 1 and May 31 of this year. The automaker said the measure is free of […] [Read More]

EDITOR'S NOTE: Updated to include the re-opening of ADESA Assurance on Monday. Among other measures to “help protect the business and its liquidity” amid the negative impact of COVID-19 on its operations, KAR Global said in its earnings release Thursday it furloughed roughly 11,000 employees last month. This news comes on the same day it […] [Read More]

A variety of regulatory developments within financial services arrived this week, ranging from a federal judge siding with a national collections organization, the Consumer Financial Protection Bureau offering guidance involving federal assistance for small businesses as well as the Federal Trade Commission delivering a report to Congress about its ongoing efforts associated with credit-report disputes. […] [Read More]

For its subscribing dealerships in Canada, CarGurus has announced a 20% rate reduction for the month of June. CarGurus said it intends for the reduction to provide extended cost relief, and the company said that with the reduction, Canadian dealers will be able to continue connecting with shoppers on the CarGurus platform and benefit from […] [Read More]

Cox Automotive will furlough over 12,500 employees internationally later this month, roughly 10,000 of which are in the U.S., the company said in a statement provided to Auto Remarketing. Cox Automotive is starting the furloughs May 17. They will last for up to 16 weeks. The company emphasized that, “those furloughed will remain employees of Cox […] [Read More]

Used-car sales hit another bump mid-week, but started to rebound as the weekend approached, according to a Cox Automotive analysis of used-vehicle sales last week, among other metrics. “We estimate that used was down 50% year-over-year last week, as used sales lost some ground at month-end, presumably in competition with new, but then saw an […] [Read More]

CarOffer founder and chief executive officer Bruce Thompson returns to the Auto Remarketing Podcast to talk about what fuels his optimism about the pre-owned car market, the re-opening of automotive markets in Texas, updates on CarOffer and more. Thompson recently wrote an Op-Ed story for Auto Remarketing about his "8 reasons for pre-owned optimism."  That column […] [Read More]

North American F&I provider Sym-Tech Dealer Services has taken its F&I Performance product and developed a full turnkey virtual F&I product that dealers can use in an entirely online environment. Sym-Tech has developed the product while noting that the shift to remote sales has increased the urgency for dealers to seek new ways of serving […] [Read More]