Solar technology provider SunPower is now working with dealerships across the country to put empty rooftops and parking lots to better use with cost-saving, high-efficiency solar energy systems. In addition to producing enough energy to significantly curtail dealership's electricity costs, SunPower said systems serve a dual purpose because solar panels can also protect what’s beneath […] [Read More]

Hertz Global Holdings is bringing aboard a new chief marketing officer and a new chief human resources officer. Hertz said Wednesday that Jodi Allen will join the company as executive vice president and CMO on Oct. 2; Murali Kuppuswamy becomes executive vice president and chief human resources officer on Sept. 12 Allen was most recently the […] [Read More]

Pearl Technology Holdings announced Wednesday it has entered into a new agreement to integrate Kelley Blue Book’s Instant Cash Offer within its ShowroomXpress (SRX) retail platform. The integration allows consumers shopping through the SRX retail widget to get a real instant cash offer for their current vehicle. Kelley Blue Book Instant Cash Offer asks car […] [Read More]

In a move similar to the one made by the captive for Toyota and Lexus, Hyundai Capital America, which does business as Hyundai Motor Finance, Genesis Finance and Kia Motors Finance, has announced that it is offering payment relief solutions to its customers affected by Hurricane Harvey. “We are concerned about the well-being and immediate safety […] [Read More]

Cadillac Canada recently honored Canada's 150th birthday by celebrating 150 Daring Moments in Canadian history and inviting entrepreneurs from across Canada to submit entries to win a $25,000 contribution from Cadillac Canada for Canada's next daring idea — which the brand dubbed “moment 151.” Cadillac Canada showcased four of 150 Daring Moments with artistic creations […] [Read More]

Ford Motor Credit and ZestFinance recently announced the results of a study that measured the effectiveness of machine learning to better predict risk in auto financing and potentially expand auto financing for millennials and other Americans with limited credit histories. As a result of the study’s success, Ford Credit said it is developing plans to […] [Read More]

The chairman of the House Financial Services Committee wants a definitive answer to a question that both he and Consumer Bankers Association president and chief executive officer Richard Hunt have been asking for some time: Is Consumer Financial Protection Bureau director Richard Cordray departing the regulator to run for governor in Ohio? Rep. Jeb Hensarling, […] [Read More]

With August drawing to a close on Thursday, certified pre-owned sales results for the month should be rolling in sometime shortly after the Labor Day weekend, if not before. As a refresher, here’s how the CPO markets in both the U.S. and Canada have fared so far this year, starting with the U.S. American CPO […] [Read More]

Carvana is opening a car-vending machine in Raleigh, N.C., on Wednesday, its first on the East Coast and sixth overall. The five-story glass facility holds 18 cars and arrives less than two years after the online retailer began free delivery in the North Carolina capital. Carvana’s other vending machines are in Austin, Texas, Dallas, Houston, […] [Read More]

While the exchange rate climbed, Canada’s used-car prices moved downward in the first full month of summer. That’s according to RVI Group, whose Market Update for August indicated that the RVI Used Vehicle Price Index (Real) dipped 0.1 percent month-over-month in July and declined 0.3-percent year-over-year. Nominally, there was a 1.1-percent decline in used-car prices […] [Read More]