On Wednesday, Carvana announced its expansion into St. Louis, the company’s first market in the state of Missouri. The online platform for buying used-cars now has a total of 24 markets overall and currently offers free delivery services to more than 3 million residents who live within the St. Louis local delivery area. “We’re so pleased […] [Read More]

CARPROOF announced on Wednesday it has appointed Greg Beckman as vice president of product to help the company develop innovative solutions for auto remarketers. Beckman was most recently senior director of product management and strategy at OpenText Corporation, where he spent eight years in strategic senior positions. CARPROOF said Beckham is a strategic leader with a proven […] [Read More]

Swapalease.com reported on Wednesday that the approval rate for vehicle lease transfers improved in March both on a year-over-year and month-over-month basis. The site indicated credit applicants registered a 75.0 percent approval rate for March, up by 3.8 percent versus February, which had a 72.2 percent approval rate. A year ago, the approvals rate came […] [Read More]

If your dealership has a potential buyer looking for a vehicle for a teenage driver, there’s a good chance one of the 49 “best choices” or one of the 82 “good choices” selected by the Insurance Institute for Highway Safety (IIHS) is likely in your inventory. There are 131 models on these lists even though […] [Read More]

GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, recently improved its online coverage lookup tool to better assist drivers in obtaining critical vehicle service contract information. As part of GWC Warranty’s promise to deliver best-in-class customer service to dealers and their customers, the company explained the […] [Read More]

While a former Department of the Treasury official insisted the Dodd-Frank Act resulted in an economy “far stronger and more resilient today than it was preceding the crisis,” American Financial Services Association executive vice president Bill Himpler addressed the Consumer Financial Protection Bureau’s regulatory overreach of the state-regulated consumer credit industry and the need for […] [Read More]

Ford executive Joe Hinrichs isn’t fretting over off-lease volumes hitting the auto market, but it is something he is watching. The off-lease volumes — particularly in the car segments, where supply and demand aren't exactly matching these days — isn’t necessarily going to dramatically change the way Ford runs its business, he said.   That […] [Read More]

SiriusXM announced on Tuesday that dealer group Rightway Automotive signed on to its Pre-Owned Program, which provides a three-month subscription to the radio company’s All Access package. Any of the group’s customers who purchase a pre-owned vehicle with a factory-equipped satellite radio can use the service. “Rightway is a welcome addition as we continue to […] [Read More]

Clicking a button to buy a car is not only the route that the auto wants to go, it’s also the route it should go. That’s according to comments from Cox Automotive chief operating Mark O’Neil, shared ahead of his speech Tuesday at the Automotive Forum in New York. O’Neil projects that the industry is […] [Read More]

On Tuesday, Copart announced the opening of a new location in Betim, Minas Gerais — the company’s sixth location in Brazil. Copart's Betim location is in the metropolitan area of Belo Horizonte and will offer a wide selection of salvage and used vehicles, according to the company. "The new location in Betim supports us with […] [Read More]