The latest research endeavor by Silicon Valley analytic software firm FICO showed a vast majority of Canadian consumers is much more likely to have confirmation the vehicle they found online has four-wheel drive before they have the financing available to make the purchase. On Thursday, FICO announced the findings of its first global survey on […] [Read More]

A liquidity crisis? You won’t find that in the pre-owned car market. “There’s 40 million used cars sold annually in the United States, 150 million globally,” said Scott Painter, chief executive officer of Fair. “There’s no liquidity crisis in the used-car market,” Painter said. “The lifeblood of the modern car dealership is the opportunity to buy […] [Read More]

Edmunds has launched a digital retail pilot that lets the car shopper complete a lease deal online, through a dealership. The Santa Monica, Calif.-based company started the leasing pilot in Los Angeles with local dealers there and has opened the platform throughout California, leaders with the company told Auto Remarketing during an interview at the […] [Read More]

Cox Automotive has announced it brought aboard a former general counsel with the Coca-Cola organization to serve as senior vice president and general counsel, effective Monday. Angus Haig, who spent almost two decades with Coca-Cola, brings considerable global legal and business experience, having lived and worked in the Asia Pacific region, Europe, Eurasia, the Middle East and the United States. He most […] [Read More]

The relationship connecting the National Independent Automobile Dealers Association and KAR Auction Services is now even stronger. On Wednesday, NIADA named Automotive Finance Corp. and TradeRev as Diamond-level National Corporate Partners — the association’s highest level of corporate affiliation. AFC provides independent vehicle dealers a portfolio of trusted, flexible inventory financing and business solutions from […] [Read More]

The competition dealerships are facing to retail vehicles to consumers in two of California’s largest cities is becoming even more complicated thanks to a mobile startup looking to connect people who want to share their cars. About a year after landing more than $40 million in capital, Getaround, the platform that founders said can empower users […] [Read More]

Reviver Auto now has plans to roll out its Rplate digital license plate in Dubai, the company announced Thursday.   This follows news from last month that the company has partnered with Pendragon North America, which will sell the Rplate Pro to California consumers as a dealer partner. Reviver Auto said that it is now working […] [Read More]

Dealer.com announced Wednesday that it has earned the Certified Against Fraud Seal from the Trustworthy Accountability Group (TAG). The TAG certification program aims to combat criminal activity and increase trust in the digital advertising industry by creating transparency in the business relationships and transactions that support the digital ad industry. The program was created to concentrate on eliminating fraudulent […] [Read More]

According to a filing with the Securities and Exchange Commission submitted late last week, Credit Acceptance president Steven Jones announced his decision to retire as an officer and employee of the company. The SEC document indicated that Jones’ decision is effective on June 30. Jones has been part of a company team that recently earned […] [Read More]

The combination of auto financing availability and credit unions and late-model used vehicles from one of the largest rental companies is continuing to generate record-setting originations. Strong credit union partnerships have long been a driving force behind the growth of Enterprise Car Sales, which opened five new locations in Arizona, California, North Carolina, Pennsylvania and […] [Read More]