More money is flowing into companies that cater to alternative forms of vehicle use; this time with plenty of European and Asian involvement. Peer-to-peer car sharing marketplace Turo said this week it has raised $92 million in Series D funding. Daimler and SK Holdings — one of South Korea's largest conglomerates — led the round, […] [Read More]

With Hurricane Irma remaining a dangerous storm, Manheim regional vice president for the Southeast Mark Ford shared an update on Wednesday afternoon regarding how the company plans to handle the storm projected to impact Florida as early as Friday. Ford indicated the following Manheim locations in Florida will be closed on Friday, including: Manheim Fort […] [Read More]

Mercedes-Benz and global music and entertainment platform, TIDAL have partnered to provide Mercedes drivers who connect their car to the brand's me Portal with access to complimentary TIDAL HiFi membership. By next year, Mercedes drivers will be able to stream TIDAl’s more than 50 million songs, over 185,000 music videos and special Mercedes-Benz playlists at no […] [Read More]

Entrepreneur and former auction industry executive Steve Simon has joined the board of directors at CARS Recon, the company announced this week. Simon was the founder and chief executive officer of the American Auto Auction Group, which was established in 2010 and then rebranded to XLerate Group in 2014. Simon, who retired in 2012, was […] [Read More]

As August closed and the quality of vehicles in the lanes deteriorated a bit, the new Black Book Market Insights report showed vehicle values didn’t soften quite as much as they had earlier in the month. Beginning with volume-weighted car data, editors determined that overall car segment values declined by 0.36 percent last week. In […] [Read More]

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]