LeasePlan USA’s executive leadership team has grown with the addition of its new senior vice president and transformation officer Felipe Smolka, the company announced Wednesday. Smolka most recently led global connected vehicles strategy at IBM Global Business Services. He brings connected vehicle expertise stemming from a background that has consistently focused on digital transformation, using the power […] [Read More]

RVI Group is partnering with the Maryann Keller & Associates global automotive strategy consultancy to provide subscription-based analytics as part of a new division launched by the company, RVI Analytics. These analytics will be provided to capital markets firms that have auto-related investments. RVI is launching the subscriptions in July. Joe Halovanic, recently hired by […] [Read More]

Car shoppers looking to update their current rides with the arrival of the spring season can take advantage of serval attractive offers and incentives for certified pre-owned vehicles this month. Autotrader has come out with its latest list of top deals available for shoppers to seize both this month and beyond. This month’s list features […] [Read More]

Mobials is launching a digital accident-disclosure tool that it says does not require running a vehicle history report. And it’s looking for dealers to test-pilot this product, which it’s calling AutoVerify. It has opened registration for the pilot through April 30. Mobials co-founder and chief executive James Hayes explained in a news release that AutoVerify […] [Read More]

Former ADESA San Diego general manager Ted Coates will now head the ADESA Los Angeles auction, the business unit of KAR Auction Services announced Thursday. Coates brings over 25 years of auto remarketing industry experience, including more than 15 years spent at ADESA, the company said. Through a series of management positions, including his most […] [Read More]

U.S. consumers are going online in droves to acquire everything from nail polish to holiday knickknacks. Their propensity to do the same to secure auto financing isn’t quite at the same level, according to a global consumer survey on automotive finance experience released on Thursday by FICO. Silicon Valley analytic software firm FICO on Thursday […] [Read More]

Earlier this month, Black Book and Fitch Ratings released their latest collaborate project analyzing vehicle depreciation trends, as well as how the auto ABS market might behave. Now, both of those companies are completely under the same corporate umbrella. Hearst announced on Thursday that it has purchased from Fimalac S.A. an additional 20 percent interest in […] [Read More]

Canadian dealers can now leverage the CARPROOF brand in a fresh way via a new trade-in value lead generation tool that is designed to integrate seamlessly into dealership websites. CARPROOF announced Wednesday the launch of True Trade, a widget built for dealer websites that can equip visiting consumers with accurate trade-in values, as well as […] [Read More]

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]