On the surface, managing the total cost of ownership for vehicle fleets seems like a fairly straightforward calculation: Buy the right vehicles at a discounted price with low depreciation rates, take good care of them, maybe recondition them a bit before sale and wholesale them off as quickly as possible. Then, start all over again. In […] [Read More]

In several European markets where FCA does not operate its own captive arm, LeasePlan will now offer operational lease solutions to FCA customers. The vehicle leasing and fleet management provider announced Monday that it has agreed to be a new FCA operational lease partner that will concentrate on the growing small and medium enterprise (SME) segment […] [Read More]

Cox Automotive announced Monday that it has brought aboard Marianne Johnson to serve as the company’s new chief product officer. The company said that Johnson not only brings 30 years of experience in innovation and technology,  she has helped shape the financial technology field, as well. In her new role, Johnson will head the development of company […] [Read More]

HyreCar is looking for investors to provide quite a financial lift to the car-sharing start-up via a $10.5 million initial public offering. In explaining the need via its filing submission to the Securities and Exchange Commission, HyreCar acknowledged two dozen risk factors to its business that’s based on a peer-to-peer vehicle sharing platform that can […] [Read More]

The leadership team at CarGurus is no stranger to online ventures in other verticals — the prime example being founder and chief executive Langley Steinert, who co-founded online travel marketplace TripAdvisor. So, perhaps it’s fitting that Thursday’s addition to the newly created CarGurus board of directors is the co-founder and co-chairman of Wayfair: Steve Conine. […] [Read More]

Larry H. Miller Dodge Ram Avondale (LHM Dodge Ram Avondale) recently earned a spot on the list of the 2018 Top Companies to Work for in Arizona for the third consecutive year. This year’s other auto industry winners include Carvana, Digital Air Strike, DriveTime and General Motors Arizona IT Innovation Center. A total of 100 […] [Read More]

As car shoppers take in all that summer has to offer, automakers' latest certified pre-owned programs provide both attractive and competitive deals people can take advantage of this June. Autotrader has come out with its latest list of top CPO deals that shoppers can cash in on all month long. This month’s list includes Jaguar's […] [Read More]

Within the next 12 months, Canadian automotive dealers say that they mostly need to fill positions in service, sales and leasing, and just about 45 percent plan to fill six to 20 positions, according to a nationwide survey. Just about 84 percent of Canadian dealers told the Canadian Automobile Dealers Association (CADA) that they are […] [Read More]

Global Lending Services, Credit Acceptance and Consumer Portfolio Services all have been active in the securitization space during the past 60 days; moves by the subprime auto finance companies that involved more than $1.1 billion in value. The most recent move arrived this week as Kroll Bond Rating Agency (KBRA) assigned preliminary ratings to four classes […] [Read More]

KAR Auction Services has appointed former Cars.com mobile product leader Joe Oliveri new vice president of the company’s Autoniq business to replace Nicole Archer, who was recently named VP of international business development for KAR. Oliveri most recently served as Cars.com senior director of product and has spent time in other leadership roles at the digital automotive marketplace […] [Read More]