How blockchain can be used in the automotive industry continues to make significant progress, according to a leading organization’s update shared on Monday. The Mobility Open Blockchain Initiative (MOBI) is working with BMW, Ford, General Motors, Groupe Renault, Honda and other major automakers to develop a multi-stakeholder proof of concept (PoC) for a blockchain-based vehicle […] [Read More]

Along with naming academics, industry leaders and consumer advocates to a trio of committees, the Consumer Financial Protection Bureau also announced last week that it will establish a taskforce to examine ways to harmonize and modernize federal consumer financial laws. The bureau explained the Taskforce on Federal Consumer Financial Law will examine the existing legal […] [Read More]

Dealerships wanting to expand their operations now can turn to Westlake Technology Holdings. The finance company that originates installment contracts throughout the credit spectrum recently launched Westlake Capital Finance to provide commercial real estate loans to dealers. The commercial real estate program from Westlake Capital Finance offers dealers the ability to purchase their current dealership […] [Read More]

Wells Fargo recently highlighted that one of its largest educational and philanthropic endeavors reached a new milestone, fueled in part by a 20 dealer groups and franchised stores. The bank’s initiative — in collaboration with Military Warriors Support Foundation’s Transportation4Heroes program and dealers across the U.S. — has supported $1 million in payment-free vehicle donations […] [Read More]

Development of the California Consumer Privacy Act (CCPA) took another crucial step last week. California attorney general Xavier Becerra released proposed regulations under the CCPA that was signed into law last June. Officials say the law provides consumers with “groundbreaking” new rights on the use of their personal information. The law mandates that on or before […] [Read More]

In an effort to help dealers with their “time to line,” ACERTUS this morning released its latest proprietary transportation management system (TMS) technology for automotive shippers The tech-enabled automotive logistics and services company highlighted that its new solution dubbed, VINlocity, is designed to simplify and streamline auto shipping with instant quotes, seamless ordering and real-time […] [Read More]

In 2011, OfferUp started out and promoted itself as paving the way for a simpler, more trusted way to buy and sell locally. It launched OfferUp Autos in 2018, with a goal of reducing the “friction in the car buying and selling process” and allowing customers to browse local inventory, and for sellers to post […] [Read More]

Ninety-six percent of car owners according to a recent report think they will own a car in the future. However, almost half of them would consider giving up car ownership if autonomous mobility in the form of self-driving buses or taxis was an available option. The report from Accenture is titled, “Mobility Services: The Customer […] [Read More]

The used-vehicle price trend for the Canadian market in September? They are maintaining their increased price levels set earlier in the year, according to the autoTRADER.ca Price Index. September showed a 10.6% year-over-year increase, but compared to August showed a 1.6% month-over-month increase. The autoTRADER.ca Price Index, which analyzes vehicle pricing data associated with more than 400,000 new- […] [Read More]

On a Thursday afternoon in September, a reporter opens the website of Cavender Toyota. In the upper-right corner: “The Official Toyota Dealer of the San Antonio Spurs.” Makes perfect sense. The dealership’s perch atop Toyota’s certified pre-owned sales rankings the last few years looks like the hometown Spurs’ NBA resume in the 2000s: title after […] [Read More]