AutoGravity has added another finance company to its online auto financing platform. Thanks to the partnership with Global Lending Services announced Tuesday, AutoGravity will have another lending option to offer its customers. Global Lending Services, meanwhile, will be able to utilize the AutoGravity platform to reach more potential customers digitally. “Every month, over 100,000 new […] [Read More]

While millennials still name car dealer as one of the top three occupations they would like to avoid, if car dealerships integrated more modern technology into the sales process, these same millennials would be more likely to pursue a job there. This is according to new survey data Roadster released in partnership with research firm Survata on Tuesday. Car […] [Read More]

David Kennedy of First Credit Resources, who is the current president of the American Recovery Association and one of the speakers on tap for Used Car Week, offered four suggestions for what protective moves repossession agencies, another other service providers, should make with their computer and technology systems. Coinciding with October being National Cybersecurity Awareness Month, […] [Read More]

On Monday, White Clarke Group announced the release of a new fully cloud-hosted version of its CALMS complete lifecycle credit processing and administration platform for the automotive, consumer and equipment finance industry via its partnership with Amazon Web Services (AWS). Officials insisted White Clarke Group’s CALMS software platform, which is currently used by leading banks, […] [Read More]

No doubt, finance companies are looking for whatever reliable piece of information they can examine while they’re first deciding if they should make an auto finance offer to a potential vehicle buyer and then exploring what terms and down payment should be leveraged. So what about using someone’s social media profile? After all, Experian cited […] [Read More]

“The automotive shopping experience is becoming much more personal.” This quote from DealerRater general manager Jamie Oldershaw might seem like a departure from a retail automotive industry that is rapidly moving to a more digitalized car-shopping process. Except that’s exactly the environment from which an effort to personalize car shopping begins. In mid-September, Cars.com — which […] [Read More]

The brighter the car color, the brighter its future retention. According to an iSeeCars.com analysis of 2.1 million used vehicles, yellow vehicles depreciated an average of just 27 percent in value after three years, and orange cars depreciated 30.6 percent. These school bus-inspired colors led the class, as they had the lowest depreciation rates among the […] [Read More]

GPB Capital affiliate Capstone Automotive Group said Monday it now has a majority equity stake in Prime Motor Group. With the stake in Prime — which has more than 25 businesses throughout Massachusetts, Vermont, New Hampshire and Maine — this marks Capstone’s first foray into New England. The acquisition also adds the Acura, Honda, Mercedes-Benz, […] [Read More]

CarMax has plans to bring on more than 2,000 new hires by the end of the year, the company announced Monday. The used-car retailer is mostly looking for sales consultants, technicians, detailers and inventory associates companywide. Several CarMax stores are also hiring for positions within its business offices, according to CarMax. In addition to the headquarters in […] [Read More]

PERQ is the latest company to join the expanding CDK Global Partner Program, the company announced Thursday. The program recently reached over 350 partners and 450 unique applications, according to CDK. “The continued expansion of the CDK Partner Program plays a critical role in our ability to enable end-to-end automotive commerce for our customers,” CDK […] [Read More]