Perhaps your underwriting department used information about unpaid medical bills on an applicant’s credit report when determining whether to offer auto financing and under what terms. Last week, the Consumer Financial Protection Bureau proposed a rule that would remove medical bills from most credit reports. Officials said the proposal would increase privacy protections, help to […] [Read More]

America’s Group said Monday it has acquired San Antonio Auto Auction from BA&W Enterprises Ownership Group. The move extends the auction company’s footprint to 39 locations across 19 states, including digital and mobile sales platforms, as well. San Antonio AA is located on 44 acres in Texas and includes a six-lane arena, reconditioning facilities and […] [Read More]

With the latest addition to its same-day delivery service, Carvana has reached a milestone. The online used-vehicle retailer has expanded same-day delivery to select residents of the Newark, N.J., the 15th market, representing 12 states, to be included. Carvana said that means the service is now available to approximately 25% of the U.S. population. “At […] [Read More]

Electric vehicle charging network IONNA has a new home – and some new leaders. IONNA – a joint venture founded by a coalition among automakers BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia and Stellantis – has selected Durham, N.C., as its global headquarters, which the company said in a news release allows it to accelerate […] [Read More]

Almost half of used-car shoppers say the oldest vehicle they would consider is in the 3- to 5-year-old range, according to the May Industry Insights Report from Cars Commerce. And the good news for dealers is supply has increased for some of the vehicle price band that would fit into that particular age group. Here’s […] [Read More]

Solera is getting a lift from Uber. The provider of vehicle lifecycle management software, data and services, announced an exclusive rideshare collaboration with Uber for Business through Solera’s RedCap platform. RedCap’s shuttle service, powered by Uber for Business, not only provides rides for customers, it also offers access to parts delivery through Uber Direct. Solera […] [Read More]

Just ahead of next week’s NIADA Convention, FlexPath DXP and Yield Solutions Group announced a strategic partnership to bring advanced virtual F&I solutions to independent dealers nationwide. The companies said this collaboration marks a significant milestone in the evolution of dealership services, empowering independent dealers to enhance their customer experience and expand their lending capabilities […] [Read More]

This week, Peritus Portfolio Services announced the hiring of Chris Stanley as senior vice president of business development and marketing. The provider of custom bankruptcy solutions said Stanley will join the company to focus on helping clients and prospects improve recoveries through Peritus’ recovery strategies. Peritus highlighted that Stanley is an experienced leader, with 20 […] [Read More]

OpenRoad wants to clean up your act. Or at least your car. The dealership group, which operates 36 locations in the Vancouver metro area, Ontario and Washington state in the U.S. has created a new division: OpenShine, which is bringing the Tommy’s Express Car Wash franchise to Canada for the first time. OpenShine’s first Tommy’s […] [Read More]

Understanding the perspective from the other side of a business transaction — or even the other side of an organization’s operations — can be quite valuable, especially in an industry weaving as many moving parts and niche silos as wholesale automotive. Stephanie Compton, who is vice president of asset remarketing for Exeter Finance, has built an award-winning career on the consignor side of the business, including being named by Cherokee Media Group as the 2023 National Remarketing Executive of the Year and a 2020 Women in Remarketing honoree. But she has also walked a mile (or several miles, on sale days) in the shoes of folks who would now call her a customer: the auto auction ... [Read More]