car2go announced Tuesday that after nine years, it has reached 1 million members in North America and will offer consumers free membership and drive credits through the end of December to celebrate. The car2go app, which first launched in Germany in 2008, provides consumers who live in growing urban areas with a carsharing network of eco-friendly Mercedes-Benz and smart […] [Read More]

For the third time this year, the Federal Open Market Committee (FOMC) at the Federal Reserve opted to push the target range for the federal funds rate higher by another 25 basis points to leave the reading at 1.25 percent to 1.50 percent. Based on the expectation that the Fed will increase interest rates three […] [Read More]

Fair named a primary insurance partner on Wednesday, meaning consumers can now utilize insurance coverage through the digital flexible car ownership platform. The company announced a strategic partnership with Assurant, which will now be the primary underwriter for the Fair-branded property and casualty insurance provided on Fair vehicles. “This partnership will allow us to provide […] [Read More]

AutoLoop announced Tuesday that new third-party integrations added to its SmartLane mobile check-in app now provides dealers using Dealertrack, ADAM and Autosoft the ability to instantly generate ROs on their tablets during check-in. Once the check-in process is complete, users can now choose the option to “Create an RO” to immediately open the RO within […] [Read More]

Spireon rolled out four enhancements to its GoldStar GPS solution on Wednesday designed to help mitigate risk and enhance repossession and recovery activities of large buy-here, pay-here dealerships and finance companies that originate contracts with subprime customers. The company also added a new, nationwide impound lot database, prebuilt into the platform, and available for both […] [Read More]

Carvana announced Wednesday that it has expanded into the Fort Myers, Fla., area, making the area its fifth market in the Sunshine State. Residents of the Fort Myers and Naples area can now join Jacksonville, Miami, Orlando and Tampa customers who can shop Carvana’s more than 8,500 vehicles and schedule as-soon-as-next-day vehicle delivery. “Carvana made its […] [Read More]

Auction Management Solutions (AMS) recently partnered with partnered with Greater Milwaukee Auto Auction (GMAA) for business development consulting, growing its client roster to 22. Founded in 2004 by owner Kristie Letizia, GMAA is the largest independent auto auction in the state of Wisconsin. What originally started as a 15-acre facility has now grown to cover […] [Read More]

Now dealers can converse online with potential buyers more robustly about how their financial standing might translate into a vehicle delivery. ActivEngage recently integrated with 700Credit to offer the ability to pull credit inside chat conversations. The feature will be added to ActivEngage's ActivOne digital communications solution that launched earlier this year. As the automotive […] [Read More]

Akerman recently bolstered its stable of legal talent by adding another former high-ranking official from the Consumer Financial Protection Bureau. The law firm’s consumer financial services practice Group welcomed Kathleen “Kitty” Ryan from Buckley Sandler as a partner in the Los Angeles office. Ryan previously served as the CFPB’s deputy assistant director for the Office […] [Read More]

GAA Classic Cars Auction announced Tuesday that it is gearing up for two big sales that will offer vehicles and memorabilia from two collections in March. On March 1, the Greensboro, N.C. auction will launch a three-day sale featuring 550 vehicles from the Gary Copeland Collection of 1932 and 1934 Fords. The sale will include a […] [Read More]