What evidently started with a tweet by Elon Musk took another, more asserted turn on Tuesday. Tesla announced that its board of directors has formed a special committee comprised of three independent directors to act on behalf of the company in connection with Elon Musk’s previously announced consideration of a transaction to take the company […] [Read More]

Senior U.S. District Judge for the Southern District of New York Loretta Preska issued an opinion on June 21 that has set the consumer finance world atwitter, sparking discussions of a potential review by the Supreme Court. In her opinion, Preska, a 1992 George H.W. Bush appointee, ruled that the structure of the Consumer Finance […] [Read More]

At a time when many people are inside trying to dodge the high temperatures, drivers interested in shopping certified pre-owned vehicles may find coming out and facing the summer's heat this August worth their while. Autotrader has come out with its latest list of top CPO deals that consumers can take advantage of all month long. This month's list includes an enticing […] [Read More]

On the heels of naming the Kansas City Independent Auto Auction its Western Chapter Auto Auction of the Year on Monday, the National Auto Auction Association continueed National Auto Auction Week celebrations on Tuesday, announcing that this year’s Southern chapter winner is Manheim Darlington. Along with its fundraising success and volunteer efforts, the association said that Manheim […] [Read More]

Call it “Mobility Monday.” In one of three big moves in the auto innovation space, a partnership announced Monday morning between Lyft and CDK Global will make it easier for dealers to set up Lyft rides for their service customers. And the move is the Lyft application programming interface's first time being integrated directly into a dealership management system. In […] [Read More]

In recognition of outstanding public service, the Kansas City Independent Auto Auction (KCIAA) has been named the National Auto Auction Association’s Western Chapter Auto Auction of the Year. The auction was chosen for its fundraising and volunteer efforts to assist disadvantaged children and their families, the NAAA announced Monday. KCIAA was also a finalist in […] [Read More]

To provide automotive marketers a boost in advertising effectiveness and measurement, a new marketing and measurement platform now blends the capabilities of Nielsen Marketing Cloud’s technology with J.D. Power’s car-buyer intelligence and insights. The companies announced the launch of the new Nielsen Auto Cloud marketing and measurement platform powered by J.D. Power on Monday. Via the […] [Read More]

Here is some new TransUnion data that could help managers within finance company underwriting departments when looking at an application attached to a vehicle that just rolled over the curb. According to the recent TransUnion study of 1.5 million refinanced installment contracts originated in 2013 and 2014, there is a spike in refinance activity within […] [Read More]

When finance companies need to send collateral to the wholesale market, Cox Automotive data shows how much better the sales processes unfolds if the vehicle title is available. The company research indicated vehicles holding a title are nearly two times more likely to sell off auction lots on the first pass than vehicles without titles. […] [Read More]

Equifax gave a new executive position to one of the first honorees of Auto Remarketing’s 40 Under 40. The credit bureau named Jennifer Reid as its vice president — automotive marketing and strategy lead – U.S. information solutions (USIS). In this role, Reid will be responsible for the development of Equifax’s automotive growth strategies, as […] [Read More]