Aspiring automotive executives can secure a new academic foundation as they embark on careers at dealerships, finance companies and other industry service providers. This week, the Richard DeVos Graduate School of Management at Northwood University, in collaboration with Association of Finance and Insurance Professionals executive director David Robertson, has announced it will be accepting students […] [Read More]

With the interest rates connected to a retail installment sales contracts becoming more pronounced thanks to actions by the Federal Reserve, Carleton recently revisited a topic the compliance firm often discusses with clients. Carleton reiterated official definitions as well as shared best practices regarding how best to achieve accuracy in Truth in Lending Act (TILA) […] [Read More]

Edmunds launched a new trade-in valuation tool for its dealer partners on Tuesday that uses artificial intelligence and predictive search capabilities to help consumers get their vehicles valuated in a more timely fashion.  The tool, which is embedded on the dealer’s website, also utilizes True Market Value data from Edmunds, which the company says can foster […] [Read More]

The Germain Automotive Group has increased front-end gross per car by $300 since beta testing a new inventory management concept from Dale Pollak and the vAuto team at Cox Automotive. This new philosophy — and the data product behind it, called Profit Time — looks at inventory aging in a unique way, Pollack told nearly 200 […] [Read More]

AutoWeb, formerly known as Autobytel, has named a chief human resources officer, appointing a former Cox Automotive leader to the position. Named the CHRO for AutoWeb, in a move effective Monday, was Sara Partin, who most recently held the same position at Yellow Pages. Before her time with YP, she headed up HR at Cox […] [Read More]

Many of the metrics around Asbury Automotive Group's used-car operations have shown some growth, both in the third quarter and through nine months of the year, according to the retailer's quarterly earnings report released Tuesday.   Asbury increased its used-car retail sales by nearly 11 percent in the third quarter, retailing 20,824 pre-owned units. That’s up from […] [Read More]

Auto classified industry veterans Skip Dowd and Ernie Blood — who have been with operations such as AutoMart Magazine, AutoMart.com, AutoTrader.com, Mini Merchant and Trader Publishing — are now collaborating on a new platform to help dealers move metal. Dowd and Blood joined forces to launch MAutoSearch, an online mobile vehicle-buying solution that is geared to […] [Read More]

Buy-here, pay-here dealers and finance companies that use GPS solutions from PassTime now have access to a new gateway to leverage the company’s platform and tools. PassTime recently launched what’s being dubbed the InTouch Summit, an all-new device management portal for its InTouch product line. InTouch is a GPS solution connecting vehicles for dealers and […] [Read More]

A trio of companies are joining forces to revamp the credit score. Experian, FICO and Finicity announced a new credit score this week during the Money 20/20 USA conference. The new score, called UltraFICO Score, leverages account aggregation technology and distribution capability from Experian and Finicity to help consumers improve access to credit by tapping […] [Read More]

On Tuesday, HyreCar landed its fifth new industry partnership since July. HyreCar, the carsharing marketplace for ridesharing, announced that it has entered into an agreement with Shift Technology to deploy that firm’s artificial intelligence-driven fraud detection solution to optimize its insurance claims processes and deliver an exceptional customer experience. Based on Shift’s 75 percent accuracy […] [Read More]