Two pieces of the Cox Automotive portfolio — VinSolution and Dealertrack — are continuing to blend their resources together to help store managers. VinSolutions announced the availability of Rates & Residuals, a new upgrade to its Connect Desking tool that integrates Dealertrack’s comprehensive finance company data to help with more accurate, efficient and profitable deal […] [Read More]

Copart recently expanded its Chicago North location where sales occur at noon every Thursday. “The Chicago North expansion is a great addition to our network in the Chicago area where we currently have four locations serving our members and sellers,” Copart chief executive officer Jay Adair said. "This land allows the capacity to continue growing […] [Read More]

Takata Corp. and the U.S. Department of Justice have reached a settlement on the issues regarding Takata’s airbag inflator validation testing and reporting. Takata will shell out $1 billion in criminal penalties, according to DOJ, and three Takata executives have been charged with wire fraud and conspiracy.  “Automotive suppliers who sell products that are supposed […] [Read More]

On Thursday, NCM Associates and The Rawls Group, a provider of long-term strategic and succession planning, announced the launch of the NCM-Rawls Dealer Executive Program, their new leadership development educational program for current and future dealers. “Rapid changes in our industry, such as autonomous cars, ride-sharing companies and the electrification of vehicles, mean we need to […] [Read More]

Along with their latest assessment of the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors, S&P Global Ratings analysts this week discussed how much alternative data has become a crucial component of their examination of subprime auto finance market. S&P Global Ratings acknowledged that many subprime finance companies have incorporated alternative data into […] [Read More]

AutoGravity, a FinTech developer on a mission to transform auto financing by harnessing the power of the smartphone, this week announced a partnership with First Investors Financial Services, bringing the finance company’s indirect financing business onto the AutoGravity platform. The newly announced partnership expands the financing options available to a growing generation of customers seeking […] [Read More]

CARS Recon announced that three of its executives have transitioned into new roles on Thursday. Kay Hudson, one of the honorees among the 2016 Women in Remarketing, left her role as chief operating officer on Jan. 1 to become the managing director of international vehicle services. Philip Hill, formerly the company’s vice president of finance, is […] [Read More]

automotiveMastermind, a company that implements cloud-based technology, announced on Thursday that Toyota is the ninth brand to join its platform as a partner. Toyota dealerships throughout the country will now have access to the company’s predictive analytics and marketing automation software that provides sales teams with key insights and valuable information on its top prospects. “This […] [Read More]

Cars.com has named a new chief financial officer. Moving into the role on Monday will be Becky Sheehan, who previously was executive vice president and CFO for FTD Companies. In that position, she also served as a member of the office of the chief executive officer. Her 10-year tenure there included her time directing FTD’s […] [Read More]

Endras Automotive Group announced a new chief operating officer this week. Joining the dealership group earlier this month as COO was Shawn Morris, whose background in the car business goes back more than 25 years. For most of the past decade, he has worked in general manager and vice president of operations roles for dealerships. […] [Read More]