The American Recovery Association board sent an industry message this week, reacting to the Supreme Court’s 6-3 decision overturning what’s been widely known in legal circles as the Chevron Doctrine. ARA first gave a brief explanation of what the Chevron Doctrine was. “Courts had to apply a two-part test in assessing the actions of federal […] [Read More]

Digital wholesale used-vehicle marketplace OPENLANE has promoted senior director of corporate finance Itunu Orelaru to head of investor relations. Orelaru, who will report to executive vice president and chief financial officer Brad Lakhia, will be responsible for communicating OPENLANE’s vision, transformation and growth to stockholders and the financial community, the company said. “With her diverse […] [Read More]

Carvana’s new initiative to support automotive education has some fast company. In conjunction with this weekend’s Brickyard 400 at Indianapolis Motor Speedway, the online used-car retailer has joined with seven-time NASCAR Cup Series champion Jimmie Johnson in a project to donate equipment and funds to Arsenal Technical High School in Indianapolis. Carvana Racing has partnered […] [Read More]

Repairify and NAPA have joined forces to give repair shops access to original equipment tools. Auto service/repair technology and data provider Repairify announced a “preferred partnership” with the aftermarket auto parts and repair giant to create asTech Mechanical, a single device the companies said allows shop owners to use most OE tools remotely. “For almost […] [Read More]

ServNet has added a former NAAA manager to help its auctions create events. Ana Williams, who spent four years with the National Auto Auction Association as education and training manager and association services coordinator, has joined the independent auction network as director of meetings and events. “Many of us at ServNet worked with Ana in […] [Read More]

Cox Automotive took another step toward the future of its reconditioning operations last week with the grand opening of its newest auto tech training center at Manheim Chicago. The facility is Manheim’s fifth ATTC, joining training centers at Manheim locations in Southern California, Central Florida, New Jersey and Dallas. Cox announced plans to open the new […] [Read More]

One click put 15,000 dealers down. It was a staggering display of vulnerability. A single action by one individual, likely an unwitting click on a malicious link or attachment, crippled a system that 15,000 car dealerships across the United States rely on for their daily operations. This isn’t a hypothetical anymore; it’s a real-world example […] [Read More]

Safe-Guard Products International announced this week that it has closed on a majority investment from Hellman & Friedman, one of the world’s largest private equity firms. Specific financial details were not included in a news release from the provider of third-party private label F&I protection products for the automotive, RV, marine and powersports industries. But […] [Read More]

F&I Sentinel finalized a partnership with defi SOLUTIONS on Tuesday in a move designed to increase efficiency and accuracy through automation, while improving F&I product compliance for auto finance companies, dealers and product providers. Through the partnership, defi XLOS and defi ORIGINATIONS clients can tap into F&I Sentinel’s CITADEL platform benefits, including: — Access to […] [Read More]

Lendbuzz secured more financial resources for the third month in a row. BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, announced on Tuesday that it has entered into an agreement with Lendbuzz to upsize the existing $20 million facility announced in March 2023. According to a news release, the agreement now […] [Read More]