Carvana has expanded its footprint coast to coast with the recent launch of its new Los Angeles market — the company’s first in California. The online used-vehicle retailer announced Wednesday that L.A. metro area residents can now browse Carvana.com to finance, purchase and trade in old vehicles. “Our goal has always been to give as […] [Read More]

If Richard Cordray wanted to make a triumphant announcement that he was running for governor in Ohio, the Consumer Financial Protection Bureau director passed on the opportunity when he gave a speech on Monday during the Cincinnati AFL-CIO Labor Day Picnic. The prepared remarks Cordray shared didn’t hint at gubernatorial aspirations in the Buckeye State, […] [Read More]

RateGenius, an online auto refinancing platform, recently reached a milestone by refinancing more than 334,738 installment contracts, saving customers an estimated $350.5 million since its inception in 1999. “It’s gratifying to know that we've helped so many people save such a magnitude of money. Knowing that many people live paycheck to paycheck lets me know […] [Read More]

How collections departments can make contact with customers via phone might be impacted by what the Federal Communications Commission is currently reviewing. The agency’s consumer advisory committee is expected to consider a recommendation from its robocalls working group on blocking unwanted calls during its meeting set for Sept. 18. Back in May, policymakers created 11 suggestions […] [Read More]

Kerrigan Advisors announced Tuesday it has appointed former National Automobile Dealers Association president Phil Brady as senior adviser to provide the firm counsel on generational transitions and corporate planning. Brady brings Kerrigan Advisors and its clients over 30 years of experience and extensive relationships based on his automotive and legislative background, the firm said. Brady served as […] [Read More]

Auto Remarketing has learned that Greg Thibault, vice president of fleet disposal at Avis Budget Group, is retiring next month. Longtime dealer group executive Mark Zurales, who has been vice president of fleet remarketing since he joined Avis Budget in January, will take on Thibault’s duties (in addition to his current duties) once Thibault retires […] [Read More]

The weather-related developments connected to the used-vehicle industry arise seemingly by the day now that it’s near the height of hurricane season. While the National Auto Auction Association Standards Committee made an adjustment to the NAAA arbitration policy, Group 1 Automotive described what shape that dealer group finds itself in the aftermath of Hurricane Harvey. […] [Read More]

General Motors dealerships can now partner with automotiveMastermind to access its technology, the company announced on Tuesday. The company's technology shows dealers which customers are ready to buy and the reasoning behind their decisions. Its data now includes Chevrolet, Buick, GMC, and Cadillac. With the addition of GM, the behavior prediction technology provider now has 15 […] [Read More]

The used-vehicle industry appears to be in better position to welcome extra demand stemming from destroyed units strewn within the path of Hurricane Harvey. But can individuals who lost so much in Houston and elsewhere in the Gulf region handle the potential extra cost of securing new transportation? That’s what experts are now considering. During […] [Read More]

Vehicle transport and logistics provider United Road has been acquired by The Carlyle Group. Terms of Carlyle’s purchase of United Road from Charlesbank Capital Partners were not disclosed. The Carlyle Equity Opportunity Fund II provided the equity for the deal, which was announced Tuesday. Kathleen McCann will continue as chief executive officer of United Road, […] [Read More]