AutoGravity, which leverages advanced mobile technology to help vehicle shoppers secure financing, confirmed on Monday that its network of partner dealerships has grown to more than 1,400 franchised dealers. The growth of the dealer network coincides with AutoGravity also highlighted that over 250,0000 users — more than half of whom are millennials — have downloaded […] [Read More]

John Mendel’s career took him to posts with Ford, Mazda and most recently Honda where he retired this month after serving as executive vice president of the automobile division since November 2004. Mendel doesn’t appear ready to walk away from the industry altogether as TrueCar announced on Monday that he has been nominated for election […] [Read More]

Following a public comment period, the Federal Trade Commission said this past Friday that it has approved final consent orders with CarMax, Asbury Automotive Group and West-Herr Automotive Group, settling charges that they touted how “rigorously” they inspect their used vehicle, “yet failed to adequately disclose that some of the cars were subject to unrepaired […] [Read More]

This past Friday, the American Financial Services Association (AFSA) submitted a list of regulatory reforms to the Trump administration that the organization insisted would provide relief to its members operating in the consumer credit industry and ultimately benefit customers and communities across the United States. At the behest of Mark Calabria, chief economist for Vice […] [Read More]

Ally on Monday introduced an online marketplace called Clearlane; a platform designed to connects consumers with leading auto finance providers to finance or refinance their vehicles with ease. Ally highlighted Clearlane’s “simple and straightforward” process can provide customers with quotes from a robust network of finance providers, and personalized support to help apply for and […] [Read More]

CarGurus launched the company’s inaugural mass-media awareness advertising campaign with two new television ads it debuted on Monday. Over the next 12 weeks, the company said 30-second commercials are scheduled to air on network and cable television in the cities of Nashville, Tenn., Austin, Texas and Denver, in addition to a national YouTube campaign ad. The three […] [Read More]

This past Friday, online used-vehicle retailer Carvana filed paperwork with the Securities and Exchange Commission for an initial public offering worth $100 million while also detailing how the company has performed since it began turning used metal through its “car-vending machines” and Internet channels more than four years ago. Carvana highlighted that while revenue grew […] [Read More]

If you want to know how much the Auto Remarketing Canada Conference has changed since it started, you have to go back to, well, where it started: Dearborn, Mich.  Before moving back-and-forth between Toronto and Montreal (and eventually making Toronto our home), we held the inaugural ARC event in Dearborn way back in 2006.  A […] [Read More]

CarMax will open two new stores in the state of Washington — the used-car retailer’s first locations in the Puget Sound region — the company announced on Friday. One store will be in the city of Lynnwood at 202 Valley Avenue Northwest and the other will be located in in the city of Puyallup at […] [Read More]

To illustrate where the search for the perfect vehicle appears to be headed, Steve Lind of Autotrader mentions a conversation his wife and a friend were having in the driveway. “Boy, I wish we could find a better way to search for cars with captain seats so my kids could climb between the second row […] [Read More]