Carvana now operates 10 car vending machines. The latest, announced Tuesday, is in the Washington, D.C. area. The Gaithersburg, Md., facility is fully automated, coin-operated, is eight stories high and can hold up to 30 vehicles. The new vending machine is open Monday through Saturday, from 9 a.m. E.T. to 7 p.m.  The Washington-area vending machine follows Carvana’s […] [Read More]

In an interview for the Auto Remarketing Podcast in late March, Experian’s Melinda Zabritski said one auto financing metric she would be watching carefully in 2018 was the lease penetration rate. “There are several things that I think are going to be very interesting for the coming year, one of which is a lot of […] [Read More]

One of the largest public dealer groups is trying to help Floridians heal after a tragic school shooting back in February On Monday, AutoNation announced that the company is making a $250,000 donation, through the Broward Education Foundation, to the Marjory Stoneman Douglas Victims' Fund. AutoNation associates across the country responded to a request from […] [Read More]

Another way blockchain is working its way into the automotive industry rolled out this past weekend as the technology world gathered in the Big Apple for the start of the first New York City Blockchain Week. CarBlock, a blockchain-based transportation solution built on data generated by smart devices announced that it has joined MOBI — […] [Read More]

The National Auto Auction’s The Warren Young Sr., Scholastic Foundation recently announced its 12 scholarship recipients for the year. In its 14th year, the program now offers eight $5,000 scholarships for attending a four-year institution and four $3,000 scholarships for a two-year college or vocational-technical school. That’s a total of $52,000 annually in 12 merit […] [Read More]

With more data than ever to consider, the National Automotive Finance Association and the American Financial Services Association highlighted seven of the most important findings from this the 2018 Non-Prime Automotive Finance Survey. Released last week during the annual Non-Prime Auto Finance Conference, the NAF Association and AFSA collaborated with FICO, TransUnion, IHS Markit and […] [Read More]

Here is another development in the industry’s effort to help contract holders make their monthly payments in ways they prefer.  Payment technology and services provider BillingTree recently announced that auto dealer management specialists Car-Ware will integrate the myPayrazr solution suite into its software platform. The completed integration enables Car-Ware clients to utilize BillingTree merchant services […] [Read More]

Ken Garff Automotive Group now owns Utah’s former Henry Day Ford dealership, and further west Rairdon Automotive Group recently acquired a Honda store in Marysville, Wash., from the O'Brien Auto Group. Ken Garff Automotive announced Monday that the Day family is departing from the automotive business after 84-plus years. “We wholeheartedly welcome the Henry Day dealership, its […] [Read More]

TRADER Corp. said this week it has made a strategic investment in Montreal-based digital advertising services company DealerBreacher, a move TRADER said can help expand its reach in the province and build on its work with dealers there. “From a technology and local talent perspective, we look forward to combining our strengths to broaden our […] [Read More]

AutoMobility LA announced Thursday that it is now accepting submissions for its upcoming 2018 Top Ten Automotive Startups Competition, which will recognize startups empowered to make significant advancements regarding the mobility space this fall. This year, the company said that it has added an electrification solution category to honor companies in the EV and clean transportation […] [Read More]