Former Kelley Blue Book president and chief executive officer Paul Johnson has joined the board of directors at Vast, the parent company behind the CarStory Platform.   Johnson was at the helm of KBB for 13 years and also led software/hardware services startup CDMdata.   Vast said in a news release that Johnson’s “deep understanding […] [Read More]

Carvana added its 36th market on Wednesday, filling another key spot along the East Coast: Baltimore. Customers within 50 miles of the city who purchase vehicles on the Carvana.com can now have that car delivered as soon as the next day for free. This is the third city Carvana has added in the past eight days, […] [Read More]

David Hult will be the next president and chief executive officer of Asbury Automotive Group. The retailer announced Tuesday afternoon that Hult, who has been executive vice president and chief operating officer since November 2014, is set to succeed Craig Monaghan on Jan. 1. Hult will also have a seat on Asbury’s board of directors. […] [Read More]

While he invests in the talents of LeBron James on the basketball court, Dan Gilbert has been investing off the court in Vroom. And on Tuesday, the online auto retailer got another assist from the owner of the Cleveland Cavaliers. Vroom has teamed up with Rock Connections, a sales and marketing agency owned by Gilbert, […] [Read More]

Car Keys Express has entered the retail market with the introduction of Car Keys Express NOW!, an in-store version of their mobile key replacement system. The new automotive key replacement solution is compact and packaged into a customer-facing, retail-friendly cabinet that minimizes retailers’ investment in tools, training and inventory, according to the company. “Car Keys Express NOW! […] [Read More]

Copart recently announced the expansion of two of its Arkansas locations — the first in Conway, near Little Rock, and the other in Prairie Grove, near Fayetteville. Combined, the two newly expanded locations currently have more than 1,000 salvage and clean title vehicles up for bid, according to Copart. "Expansions are exciting for Copart because they allow us to utilize existing […] [Read More]

Dallas-based startup Fastlane has launched a new e-commerce platform that gives automotive dealerships the ability to customize their online check-out processes. The new platform is designed to facilitate an easy and efficient online car buying process that both showcases dealers’ available inventory and allows customers to acquire financing, service contracts and insurance following a purchase […] [Read More]

When it comes to consumers taking over someone's vehicle lease contract, they appear to be pretty particular about which brands they are considering. According to its quarterly lease trends report for the second quarter released on Tuesday, Swapalease.com discovered only three badges increased in search traffic from the first quarter. That group included Infiniti, Ram and […] [Read More]

Despite four factors that might make its confidence deteriorate, Kroll Bond Rating Agency (KBRA) said in a report released on Monday that it remains “comfortable” with auto loan ABS fundamentals. That assertion came within the firm’s newest structured finance research report titled, "U.S. Auto Market Update: Deconstructing Headline Loss Rates." Before making a trio of additional assertions, […] [Read More]

Paragon Honda and Paragon Acura announced last week they have expanded the group’s e-commerce sales and service platform to another borough of New York.   After a three-month beta test in Manhattan, Paragon Direct is now available in Queens. The platform allows consumers to schedule service, buy cars and set up test-drives online.   Brian […] [Read More]