RumbleOn recently announced that it has partnered with Sonic Automotive in a move that will allow Sonic customers to trade their motorcycle towards the purchase of a car or truck.  For those unfamiliar with RumbleOn, it is an  e-commerce platform where both consumers and dealers can buy, sell, trade and finance pre-owned motorcycles and other powersport […] [Read More]

Last month, Dealertrack Canada saw prices for used-vehicles in its network rise significantly. The average cash price of the Top 10 Funded Used Vehicles in its online credit application network experienced an annual increase of 4.84 percent last month, the company said. Nine out of the 10 top vehicles experienced gains, according to Dealertrack Canada. […] [Read More]

AutoCanada announced two agreements last week that will result in the company having direct ownership and control of five General Motors Canada dealerships, with CanadaOne Auto Group having the same in four others. Here’s how that shakes out. AutoCanada executed a Public Company Master Agreement with GM Canada. That gives AutoCanada the permission to directly […] [Read More]

The complexities of advertising finance terms in a language other than English landed a dealership in regulatory problems with the Federal Trade Commission. Cowboy AG, a Dallas company doing business as Cowboy Toyota and Cowboy Scion, recently agreed to settle FTC charges that it deceptively advertised financing and leasing terms in ads placed in a regional […] [Read More]

With many shoppers out and about making their last purchases of the year, Autotrader has come out with its latest list of the top incentive deals available on certified pre-owned vehicle purchases this holiday shopping season. The list includes Volkswagen's CPO program, which has added an additional two years or 24,000 miles of warranty coverage to the […] [Read More]

car2go announced Tuesday that after nine years, it has reached 1 million members in North America and will offer consumers free membership and drive credits through the end of December to celebrate. The car2go app, which first launched in Germany in 2008, provides consumers who live in growing urban areas with a carsharing network of eco-friendly Mercedes-Benz and smart […] [Read More]

For the third time this year, the Federal Open Market Committee (FOMC) at the Federal Reserve opted to push the target range for the federal funds rate higher by another 25 basis points to leave the reading at 1.25 percent to 1.50 percent. Based on the expectation that the Fed will increase interest rates three […] [Read More]

Fair named a primary insurance partner on Wednesday, meaning consumers can now utilize insurance coverage through the digital flexible car ownership platform. The company announced a strategic partnership with Assurant, which will now be the primary underwriter for the Fair-branded property and casualty insurance provided on Fair vehicles. “This partnership will allow us to provide […] [Read More]

AutoLoop announced Tuesday that new third-party integrations added to its SmartLane mobile check-in app now provides dealers using Dealertrack, ADAM and Autosoft the ability to instantly generate ROs on their tablets during check-in. Once the check-in process is complete, users can now choose the option to “Create an RO” to immediately open the RO within […] [Read More]

Spireon rolled out four enhancements to its GoldStar GPS solution on Wednesday designed to help mitigate risk and enhance repossession and recovery activities of large buy-here, pay-here dealerships and finance companies that originate contracts with subprime customers. The company also added a new, nationwide impound lot database, prebuilt into the platform, and available for both […] [Read More]