Perhaps the day is coming soon when dealership service drive personnel or rental fleet staffs already will have a host of information about a vehicle’s tire condition and other data points before the customer even gets in line. Revvo, a Silicon Valley-based startup formerly known as IntelliTire that offers an internet of things (IoT) “smart” […] [Read More]

David Jodat, a senior master technician at Subaru City of Milwaukee in Wisconsin, has been a technician for more than 18 years. But he offers more than just years of service. According to Subaru of America, he possesses superior technical knowledge and skill. For Jodat’s efforts, Subaru of America honored him as the winner of […] [Read More]

Noting that it adds a "new layer of convenience" to the Service Valet that already comes standard on every new 2019 Genesis vehicle, luxury automotive brand Genesis has introduced the Genesis Spectrum all-inclusive leasing program. Genesis Spectrum will be available in select markets on new, 2019 G70, G80 and G90 sedans, and includes auto insurance […] [Read More]

Along with expanding its reconditioning capabilities, Carvana is also delving deeper within the financing side of its business as an online used-vehicle retailer. On Tuesday, Carvana announced that it priced its first auto loan securitization, successfully adding a new, large and diverse monetization channel to its finance offering. The company indicated this securitization is a […] [Read More]

 Amid concerns that 2019 will be a volatile year for new-car sales and that rising interest rates will erode profitability, Sonic Automotive reduced its employee headcount by 6 percent in the first quarter and is reining in capital expenditures, company executives said. So far, the company has identified around $20 million of reductions in selling, […] [Read More]

Black Book executive vice president of operations Anil Goyal made the call. “The spring market is here,” Goyal said in a segment of this week’s Black Book Market Insights report that illustrates the strength of the spring market where several midsize cars and van segments posted a notable increase. “Led by midsize cars and minivans, […] [Read More]

For the second time this month, PassTime finalized another relationship to help buy-here, pay-here dealerships and finance companies that participate in the subprime space. After solidifying a relationship with AFS Dealers, the automotive GPS solutions provider recently announced it has completed an integration with Solutions by Text (SBT), a division of Marketing Response Solutions, focused […] [Read More]

With all of the recent hubbub over delinquencies, auto finance defaults are remaining stable so far this year. S&P Dow Jones Indices and Experian released data through February for the S&P/Experian Consumer Credit Default Indices, and the auto component remained unchanged at 0.99 percent. In fact, the latest reading is actually 10 basis points lower […] [Read More]

UPDATED: Headline and story text corrected to show that new vending machine location is in Pittsburgh.  Carvana notes that its new 130,000 square-foot vehicle inspection center in Indianapolis will increase the company’s production in the Midwest with annotation, full paint facilities, mechanical repair and patented 360-degree, high-definition photography. Located in Greenfield, Ind., an Indianapolis suburb, […] [Read More]

Enterprise dealer management system company DealerBuilt has partnered with private equity firm ParkerGale Capital, a move that DealerBuilt says will accelerate the release of in-demand technologies such as an F&I e-signature platform and a corporate electronic document management system. DealerBuilt, formed in 2008 to bring to market an enterprise DMS for automobile dealer and dealer […] [Read More]