Black Book says the integration of its vehicle valuation data with auto industry mobile marketing company TEXTiUM will help ease buy-back mail problems by providing it with a timely update. The companies will do that through TEXTiUM’s Instant Trade-in Values product, which uses TEXTiUM’s Precision Texting and Mail-to-Mobile Technologies. The companies say that Black Book’s […] [Read More]

In his new position as vice president of operations for the East division of Automotive Finance Corp. — a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services — Kyle Maurer now has operational leadership over 80 AFC branch or site locations. In announcing Maurer’s promotion, KAR said Maurer in his new position […] [Read More]

Palm Beach State College student Marisol Reyes recently bought a pre-owned 2017 Toyota RAV4 from Palm Beach Toyota. But she had no idea at the time that she was part of a Toyota milestone. And she didn’t know she would be receiving something so valuable in return. Toyota Motor North America celebrated the purchase of […] [Read More]

Retail sales projections from Edmunds, Cox Automotive, J.D. Power and LMC Automotive identified the drivers that are going to impact used-car departments this month as well as perhaps a year or more down the road. Aided by an extra sales day this July, Edmunds estimated that 3.4 million used vehicles will be sold this month for […] [Read More]

Several times during last week’s Automotive Intelligence Summit the topic of car-sharing surfaced, examining how dealerships can capitalize on this developing phenomenon and ways finance companies and fintech developers can streamline services and mitigate risk. A variety of industry participants have their collective antennae raised about this topic stemming from robust figures mentioned by firms […] [Read More]

A former Autotrader executive now has a leadership role in the F&I space. Automotive industry veteran Matt McKenna recently joined APCO Holdings, home of the EasyCare and GWC Warranty brands, as senior vice president overseeing the GWC Warranty business unit and the APCO Holdings marketing efforts. McKenna spent 15 years with Autotrader, helping to cultivate […] [Read More]

AUL Corp. recently solidified its top-tier executive team in response to the firm’s rapid growth and expansion into a full-service F&I provider. AUL president and chief executive officer Jimmy Atkinson announced a pair of promotions, elevating Jason Garner to be senior vice president of strategic product development and Paul McCarthy to senior VP of agency and […] [Read More]

Moody’s Corp. boosted its analytical horsepower last week with an outside acquisition. Moody’s announced that it has acquired RiskFirst, a leading fintech company providing risk analytics solutions for the asset management and pension fund communities. A news release indicated the acquisition positions Moody’s Analytics to extend its range of risk solutions to the institutional buy-side. The […] [Read More]

The people at Acura understand that its customers have busy lifestyles. The third and latest generation of its smartphone-based AcuraLink service and app features offers access to cloud-based services, information, and music, including the ability to make vehicle service appointments. It also offers subscription services such as vehicle remote starting, geofencing and speed alerts for […] [Read More]

As Autotrader awaits the arrival of the new Chevrolet Corvette’s mid-engined C8 model, it describes the Corvette’s C7 as “an outstanding send-off to the front engine layout.” “More than just powerful, the Corvette has agile handling, a comfortable ride and a high-tech interior that is aging well so far,” Autotrader said in a news release. […] [Read More]