It was reported by CNBC and other news outlets early Wednesday afternoon that director of the Consumer Financial Protection Bureau Richard Cordray would be stepping down from his position by the end of the month. The news first surfaced in an email sent out by Cordray himself, announcing his plans. This new comes just a […] [Read More]

As dealers across the country gear up for what is arguably one of the biggest car shopping holidays of the season, the team at Edmunds announced they anticipate near record deals on new cars this upcoming Black Friday. Edmunds experts shared they expect this year's post-Thanksgiving car shoppers to find some of the “best deals in […] [Read More]

Toyota Financial Services (TFS) announced Wednesday a partnership with Launch Mobility to develop a product designed to make previously leased vehicles available for short-term rentals to rideshare drivers. The companies are currently working on a pilot they expect to introduce to select markets by the end of the calendar year, according to TFS. “We are […] [Read More]

After announcing earlier this week Integrated Auction Solutions is now fully compatible with Autoniq’s appraisal software, IAS reported Wednesday it has appointed a new president. John Lilly has been chosen for the job, and the new IAS exec will join the company immediately. Lilly will assume responsibility for IAS AuctionMaster, IAS Simulcast, IAS Marketplace, IAS […] [Read More]

It’s been a busy fall for Carvana. After launching in the Las Vegas market in October, the company announced on Wednesday it is expanding into its 40th market—Bakersfield, Calif. Carvana, an ecommerce platform for buying used cars, advertises to its clients that after buying a car online, new vehicle owners can have that vehicle delivered […] [Read More]

Hyundai Motor America announced it will host a giveaway of 2,000 frozen turkeys to families where the company is headquartered in Orange County, Calif., for Thanksgiving. In addition to the giveaway, Hyundai has also launched its annual food drive for can-goods. Its offices and Hyundai headquarters’ employees are participating in a CANstruction project to benefit Orange […] [Read More]

After holding its IPO in October, CarGurus hosted its first earnings call as a public company on Tuesday. And results from the third quarter, which ended Sept. 30, didn’t disappoint. Total revenue for the online vehicle marketplace came in at $83.0 million, which represents growth of 56 percent year-over-year.  “We are very pleased with our […] [Read More]

Cherokee Media Group is proud to announce two speakers already lined up for its 2018 inaugural Automotive Intelligence Summit (AIS), which will be held July 24-26, 2018 at the Raleigh Marriott Crabtree Valley in Raleigh, N.C. Joining the lineup for AIS 2018 are: Maryann Keller, Principal, Maryann Keller & Associates Lonnie Miller, Principal Industry Consultant […] [Read More]

The company that deemed itself an alternative credit bureau now is a part of what traditionally has been one of the Big 3 credit history providers. Late on Tuesday, TransUnion announced the acquisition of Used Car Week sponsor FactorTrust, a provider of alternative credit data, analytics and risk scoring information that can empower auto finance […] [Read More]

Vincentric announced the lineup in its fifth annual Vincentric Best Certified Pre-Owned Value in America awards on Tuesday. Winning the brand awards this year were Ford, Lincoln, Toyota and Audi. Ford secured the most model-level awards, as well, recieving recognition in eight categories.  The Blue Oval received brand awards for the CPO trucks, SUVs & crossovers, […] [Read More]