In August, Amazon made two big footprints in the auto space that stirred talk and turned heads.   First was teaming up with Hyundai Motor America for a program that let car shoppers in certain Southern California areas set up test drives of the 2017 Hyundai Elantra through its Amazon Prime Now service. Later in […] [Read More]

Levy Grunwald didn’t know what to expect when he tried Honcker, a new app that lets people lease vehicles online. What he knew was that his last lease had expired, and between work and life, he just didn’t have time to visit a dealership. Still, could he trust the newly launched Honcker? “I develop apps […] [Read More]

National Automobile Dealers Association chairman Jeff Carlson went back to the media this week in an effort to sound another warning to Washington, D.C., about implementing policies that would inadvertently make buying, financing, trading-in, and servicing vehicles harder and more expensive for consumers. Carlson, in NADA’s annual policy speech to the Automotive Press Association in […] [Read More]

More and more people are looking for their next vehicle online. That’s changed the nature of brick-and-mortar shopping, with many buyers starting the process digitally and finishing it at the dealership. But a recent survey from Accenture revealed that shoppers are feeling a disconnect between their web and showroom experiences. Consumers in the U.S., China and […] [Read More]

On Wednesday, DealerSocket wrapped up its annual User Summit, which included the opening keynote by founder and chief executive officer Jonathan Ord, who addressed attendees and provided insight into the company's future vision, the introduction of the “Blackbird” technology platform and several other product innovations. “Blackbird is the result of DealerSocket’s vision, several years in […] [Read More]

Consolidated Asset Recovery Systems (CARS) — again the sponsor of this year’s Re3 Executive of the Year Award to be handed out at Used Car Week — is hosting a free one-hour webinar to dive deeper into the topic of legal options when repossession fails. In conjunction with Pamela Dotson, corporate counsel for LCS Financial […] [Read More]

Facebook originally built buy and sell Facebook groups to help people connect and hock what they had to sell. Now, Facebook built a standalone marketplace for those 450 million people who visit those groups every month. Facebook calls it a “convenient destination to discover, buy and sell items with people in your community." Facebook Marketplace […] [Read More]

This week, Wolters Kluwer Governance, Risk & Compliance completed divestment of its indirect loan origination solutions, including the AppOne platform, to Reynolds and Reynolds. The development finalizes an agreement officials said included €32 million in cash through a deal initially announced on Sept. 8. At that time, Wolters Kluwer explained its divestment is in line […] [Read More]

Before arriving at Equifax, both Lou Loquasto and Craig Sims spent time in the industry trenches with auto finance companies, competing against other providers for applications and contracts generated at dealerships. When Loquasto and Sims offered the industry media a glimpse of Equifax’s newest tool — TradeSight — the availability of this marketplace intelligence platform […] [Read More]

AutoCanada Inc. announced on Tuesday it has entered into an agreement to purchase all of the issued and outstanding shares of Wellington Motors Limited, which operates a Chrysler Dodge Jeep Ram Fiat dealership in Guelph, Ontario. The transaction is expected to close within 21 days. As part of the deal, AutoCanada will purchase the dealership’s […] [Read More]