Global online vehicle auction company Copart has opened a new location in Buffalo, N.Y., and the company’s chief executive officer Jay Adair said the expansion is another step toward the company’s efforts to create “a denser network of facilities in the state.” The new location is the sixth for Copart in the state of New […] [Read More]

Noting that an effective website is crucial for auto manufacturers, J.D. Power released its 2019 Manufacturer Website Evaluation Study Cross-Device — Summer. Examining websites based on information/content, appearance, navigation and speed (in that order of importance), the study measures how useful automotive manufacturer websites were during buyers’ process of shopping for a new vehicle. Placing in the […] [Read More]

In his new position as chief commercial officer for JMN Logistics and Transportation, logistics industry veteran David Larson will work on sales development strategies for new vehicles, remarketing accounts and dealerships, according to the company. Larson in the new role will help lead sales, marketing and customer service efforts while also focusing on the quality […] [Read More]

On Friday, HyreCar announced the pricing of an underwritten registered public offering of 3.5 million shares of its common stock at a public offering price of $3 per share. The company looking to leverage on a marketplace for ridesharing revealed even more in its filing with the Securities and Exchange Commission, acknowledging the depths of […] [Read More]

A recognized name in the auto-finance space now is leading Flagship Credit Acceptance, which is setting its sights on continued growth. The finance company announced this week that Bob Hurzeler joined Flagship as its chief executive officer and as a member of its board of directors. According to a news release, Hurzeler began in his […] [Read More]

This week, Westlake Financial Services finalized another securitization above $1 billion, setting a new company record in the process. Westlake announced the closing of its 19th asset-backed securitization (WLAKE 19-2) at $1.2 billion. This latest securitization is the largest ever in Westlake history and the fifth consecutive issuance of more than $1 billion. “Our largest […] [Read More]

National Insurance Crime Bureau’s communications vice president Brooke Kelley says insurance companies and agents will be available to help those feeling the impact of the recent Hurricane Barry. “However, when tragedy strikes, criminals have the tendency to swoop in and scam consumers, especially when it comes to the resale of flooded vehicles,” Kelley said in […] [Read More]

In an expansion to their partnership, Fair is now offering new loyalty rewards to Uber drivers. The vehicle subscription company announced Thursday that it is providing Fair Credit rewards to eligible Uber Pro drivers, who can use those credits towards paying for a Fair vehicle. Fair will up its credit amounts to Uber Pro drivers […] [Read More]

With CarMax’s “new personalized car buying experience,” customers can complete the entire car buying process all in the comfort of their own home. That includes financing, trade-in and paperwork, without visiting the store. Other aspects of the “experience” include a combination of online and in-store shopping, and help from CarMax associates in person or by […] [Read More]

Spring officially ends in June, and KAR Auction Services chief economist Tom Kontos explained the wholesale market wrapped up its spring season “appropriately” during the same month. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, Kontos reported that wholesale used-vehicle prices in June averaged $11,478 — down 1.6% […] [Read More]