Trust. It’s one of the most powerful human emotions, said global automotive marketing agency AMCI. “We are biologically wired to make our decisions based on trust,” the company said in a news release. But trust has been a challenge for the auto industry.  Building trust is important as OEMs and dealers deal with various factors such […] [Read More]

A recent Avis Car Rental survey of nationwide travelers shows that 87% will most likely mix business and leisure in the same trip. That blurring of lines between leisure and corporate travel expenses could include needs such as extending a corporate rental for a weekend vacation or upgrading a vehicle for a sunnier trip in […] [Read More]

“Empowering young adults to achieve their dreams in the face of financial adversity,” is the mission statement shown on the Hourglass Foundation’s website.  The Hourglass Foundation believes that great change can come from helping young adults, and “that everyone deserves the opportunity to achieve their dreams for their best life possible, through hard work and […] [Read More]

Edmunds determined average interest rates for both used-vehicle and new-vehicle financing dipped to their lowest levels of 2019 in May. Fueled in part by captives increasing the availability of zero percent financing, Edmunds found the annual percentage rate (APR) on new financed vehicles averaged 6.1% in May, compared to 6.27% in April. Edmunds previously indicated the […] [Read More]

ALS Resolvion, a leading provider of skip tracing and repossession management services, announced on Monday that the company has a new chief operating officer. Joining ALS Resolvion with more than 20 years of experience in loss mitigation, collections and back office operations, Scott Darling is now the company’s COO after previously serving as senior vice […] [Read More]

Part of the reason Cherokee Media Group launched the Automotive Intelligence Summit: Fintech adoption among consumers has nearly doubled over the past 18 months, according to the latest EY Global FinTech Adoption Index. EY shared on Monday that the adoption rate is growing faster than anticipated, because 64% of digitally active consumers across 27 markets […] [Read More]

Outsell, which offers an artificial intelligence-driven marketing automation platform for the automotive industry, announced Monday that Tricia Turk has been promoted to vice president of customer success, overseeing the company’s dealer success and account management teams. A three-year veteran of Outsell, the company mentioned Turk previously was director of customer success. “Tricia has been a […] [Read More]

TrueCar president and chief executive officer Chip Perry has retired, the company announced Monday morning. The company said in a news release it intends on Perry continuing in an advisory role, with Michael Darrow appointed by the board as interim president and CEO. Darrow’s current post is executive vice president of partner and OEM development […] [Read More]

Manheim is growing its Manheim Express Concierge force to personally help dealers who list their vehicles for sale through digital channels. That is just one of three enhancements to the Express mobile app that Manheim is rolling out. Manheim, noting that dealers continue turning to digital channels to buy and sell vehicles on their time […] [Read More]

As dealers scurried to meet sales objectives to close May, President Trump announced another possible tariff that automotive industry leaders and observers caution could leave significant negative impacts. Associated with what the president called the “border crisis,” the White House released a statement saying the United States will impose a 5% tariff on all goods […] [Read More]