The flurry of activity associated with the Consumer Financial Protection Bureau, its leadership and the regulation of auto financing intensified again this week. On Tuesday, Washington D.C. District Court Judge Timothy Kelly scheduled preliminary injunction hearing for Dec. 22 as the court clash continues between Mick Mulvaney, who President Trump installed as the temporary CFPB […] [Read More]

Fastlane recently announced it will enter the independent and used-car dealer market in January. An e-commerce platform that gives automotive dealerships the ability to customize their online check-out processes, Fastlane facilitates an online car buying process that both showcases dealers’ available inventory and allows customers to acquire financing, service contracts and insurance. With an initial […] [Read More]

Carvana announced Wednesday it has chosen the city of Tucson to be the company’s second market in Arizona. This expansion follows the introduction of its 40th market in Bakersfield, Calif., last month. “Arizona is my home state, along with many Carvana employees, so we’re proud to give even more Arizonans a new way to buy […] [Read More]

Online used-car marketplace Instamotor said Tuesday that financing is now available through its platform. Instamotor is working with direct-to-consumer auto finance companies to secure the financing for its customers, who now will be able to buy a vehicle and apply for/receive financing for the purchase through the same platform, the company said. “We want to […] [Read More]

AutoGravity welcomed a new chief technology officer who is bringing experience from global firms such as eBay, Microsoft and Walt Disney. On Tuesday, the online vehicle sales and financing platform appointed Sheng Wang as CTO to drive the company’s global engineering efforts. Wang joins AutoGravity’s executive team with responsibility for leading product and engineering to […] [Read More]

In an effort to eliminate distracted driving during the holidays, Jim Ellis Automotive Group recently announced that employees at each of its 15 dealerships are taking a pledge to be more attentive. For every person who takes the pledge before January, the group said it will make a donation to the National Safety Council. “All […] [Read More]

automotiveMastermind announced Tuesday that it has appointed Mohamed Al-Daqa as its new chief implementation officer and Pam Perry as new chief people officer. “Bringing Mohamed and Pam on board is the right step toward an integrated company approach that ultimately improves the customer experience,” automotiveMastermind chief executive officer Marco Schnabl said in a news release announcing the new hires. […] [Read More]

Along with aligning with another online marketplace connecting buyers and sellers of used vehicles, Black Book watched its Used Vehicle Retention Index rise in November, pushing the reading higher for the third consecutive month. Editors indicated the November index reading increased 0.3 percent month-over-month, ticking up from 114.6 to 115.0. The movement triggered the third […] [Read More]

MetroGistics Holdings announced Tuesday the acquisition of greater Kansas City area-based Metro Title Services. This latest development follows recent expansion efforts to merge with AmeriFleet, which the company acquired in January. “We recognized best-in-class vehicle compliance services as a major market need, and understand that bringing in a world-class provider like Metro Title Services would […] [Read More]

In just over two years since launch, The Appraisal Lane has surpassed $100 million in used-car transactions for both live trades and aged units, the company announced Tuesday. This news comes just a month after reaching up to over 100,000 live trade submissions from dealers via The Appraisal Lane app. With over 60,000 vehicles that have […] [Read More]