More valuable intelligence for your dealership’s service drive arrived on Tuesday. Vincentric released an in-depth update to its vehicle maintenance data with additional detail added to its automotive cost-of-ownership database. The latest enhancement includes costs for more than 400 services per vehicle with more detailed estimates of parts pricing, labor times and labor rates for light-duty […] [Read More]

Federal prosecutors recently landed a conviction involving a trio operating an elaborate auto-finance fraud arrangement in North Carolina. Andrew Murray, U.S. Attorney for the Western District of North Carolina, said a federal jury in Charlotte returned a guilty verdict against Kimberlie Flemings of Mt. Holly, N.C., for her role in a $1 million fake auto-finance […] [Read More]

An announcement from the Credit Union National Association (CUNA) detailed how buy-here, pay-here dealers in two states might see more competition from a specific credit union. The organization indicated the Community Development Financial Institutions (CDFI) Fund orchestrated by the U.S. Department of the Treasury awarded Cutting Edge FCU (CEFCU) a $600,000 in grant funding to […] [Read More]

The volume of consumers without a bank account is now at an all-time low. For the third consecutive survey period, the number of U.S. households without a bank account fell, according to the results of the 2017 biennial National Survey of Unbanked and Underbanked Households released by the Federal Deposit Insurance Corp. (FDIC). Officials reported […] [Read More]

Another publicly traded dealer group has made a significant investment in the online car sales space. AutoNation said Tuesday it has obtained roughly a 7-percent ownership stake in Vroom after a $50 million strategic investment in the online car retailer. “We are excited about our investment in Vroom and the potential collaboration between our companies,” […] [Read More]

Ally Financial has jumped into NASCAR, partnering with Hendrick Motorsports and linking up with one of the sport’s most recognizable and successful figures. Ally will be the primary sponsor of Jimmie Johnson’s No. 48 Chevrolet Camaro ZL1 team for the entire 2019 and 2020 seasons. Johnson has won seven NASCAR Cup Series championships, tied with […] [Read More]

The DS360 Guarantee from DealShield has been integrated with the EDGE AuctionOS platform from remarketing technology provider Auction Edge. This means that more than 100 independent auction partners of Auction Edge can now tap into the services of DealShield, which is a Cox Automotive brand providing wholesale inventory risk management. The first independent utilizing the […] [Read More]

No, that’s not a typo in the headline of this report. On Monday, Copart announced that it has opened its third location in Germany. The facility is located at Bruchmühlbach-Miesau, near Mannheim, Germany. Copart indicated the first vehicle auction at the new Mannheim location will be on Tuesday. “Our buyers’ appetite for vehicles in Germany […] [Read More]

HyreCar bolstered its leader team again on Monday by naming another c-level executive. The carsharing marketplace for ridesharing announced the appointment of Henry Park, who HyreCar considers to be a widely respected digital marketing thought leader, as chief operating officer. Park arrives about a month after HyreCar announced the appointment of Scott Brogi as its chief […] [Read More]

One of the presenting sponsors of Used Car Week 2018 — Digital Recognition Network — recently set a new company record. The artificial intelligence and data analytics company that provides vehicle location data and analytics to finance companies, insurance carriers and other commercial verticals, recently announced the company has reached a key milestone, facilitating the […] [Read More]