Technology might be providing a way for automakers and franchised dealerships to gain sales opportunities long after the buyer finalizes the contract in the F&I and the vehicle is delivered. LexisNexis Risk Solutions highlighted that OEMs looking to leverage connected car data to offer their customers usage-based insurance (UBI) options through participating insurers and create […] [Read More]

ACA International likely isn’t completely going back to the heyday of VCRs and fluorescent clothing, but the organization is welcoming back an executive who first worked with the group back in the 1980s. ACA International recently announced Ted Smith has returned to the organization, now as vice president of operations. Starting in 1984, Smith was […] [Read More]

Manheim has a made a $50,000 annual commitment to the TechForce Foundation in support of its FutureTech Success campaign that aims to educate middle school and high school students about the benefits of a career as an auto technician, as well as challenge common misconceptions. In addition to the funding, Manheim’s vice president of reconditioning Angie Babin, […] [Read More]

Carvana announced Wednesday the launch of four New England markets in the cities of Boston; Worcester, Mass.; Manchester, N.H.; and Providence, R.I. Consumers residing in the four New England markets can now shop Carvana’s more than 10,000 vehicles and schedule as-soon-as-next-day vehicle delivery. “As we grow our presence in the Northeast, New England is critical to that […] [Read More]

In describing his company’s strategic alliance with Ally Financial, Fair chief executive Scott Painter used a locomotive analogy. “In a lot of ways, Fair is the train. And Ally is the railroad,” Painter said in a phone interview on Tuesday. “We get just a tremendous amount of liquidity and distribution through Ally, and I think […] [Read More]

Perhaps used vehicles aren’t rolling over the curb at a pace some dealers would like, but you couldn’t tell by the wholesale-price trends and auction-activity observations Black Book shared on Tuesday. The latest Black Book Market Insights report indicated that cars have continued their strong spring cadence of auction sales and activity. Editors determined the […] [Read More]

In recognition of the Month of the Military Child, longtime partners KaBOOM! and The CarMax Foundation have come together to build a community playground, as well as provide organizations that serve military families 10 grants for outdoor playsets. The partners are set to host 11 community events for the children of veterans and active duty […] [Read More]

Dealers who purchase vehicles through non-auction channels can now save time during the funding process with the help of a new feature NextGear Capital has added to its Account Portal platform. Once notice of title is given, the new feature called Rapid Pay allows eligible dealers to initiate financing on vehicles purchased from wholesalers, customer […] [Read More]

Whether it is sorting out the specific type of vehicle to purchase or deciding on what dealership to visit, a new study confirms that social media reviews are a growing source of reference for consumers across the country. The MaritzCX study released Tuesday, titled, “The Impact of Social Among Car Buyers,” highlights the growing influence […] [Read More]

AutoGravity is looking to bring auto finance customers to captives and commercial banks where it might be appropriate for the providers to learn greetings such as bon jour, guten tag or kon'nichiwa. On Tuesday, AutoGravity announced a partnership with Westbon, one of the first lending platform for international students in the U.S. Through this unique […] [Read More]