CreditMiner announced that it has acquired full global reseller status with all three major credit bureaus, allowing for what the service provider called a “seamless” transition from a soft bureau transaction to a full application within its software platform. Ahead of CreditMiner’s full launch of the BASIS₂ platform, officials highlighted that this development means that […] [Read More]

GrooveCar, a vehicle-buying resource for the credit union industry, recently formed a strategic partnership with DataOne Software to integrate real-time vehicle information within GrooveCar’s all new Everything Automotive Auto Buying Resource. Because of the partnership, GrooveCar is looking to launch its all new Everything Automotive Auto Buying Resource this winter. The intended goal is to […] [Read More]

One item on the minds of many VW dealers in the United States going into Friday’s board meeting of Volkswagen AG was whether or not the rumors that current U.S. VW chief executive officer Michael Horn would be leaving the company were true. As it turns out, that’s not the case, as VW announced that […] [Read More]

With part of the new-model sales prediction chatter associated with the Volkswagen diesel controversy, a pair of used-vehicle sales projections indicated that side of the market should top 3 million in September. The analysts at TrueCar are even more optimistic, thinking total used-vehicle sales — including franchised and independent dealership turns and private-party transactions — […] [Read More]

CarMax president and chief executive officer Tom Folliard likes how the company is positioned to take advantage of the swelling projection of off-lease vehicles expected to fill the auction lanes next year and beyond. During the company’s most recent conference call, Folliard was asked to compare how CarMax will leverage this chance as compared to […] [Read More]

While it may seem we’re swimming through a painfully large number of automotive recalls on a daily basis, that doesn’t change the fact that cars simply last longer, on average, than ever before. This is reflected by the most recent U.S. vehicle registration data from IHS, which shows that the average length of vehicle ownership […] [Read More]

Late on Thursday, Cox Automotive and Dealertrack Technologies issued a one-sentence update on the planned acquisition first announced back on June 12. The companies have extended the tender offer four times and now say the transaction is expected to close in October. Regulatory hurdles and securing a majority of shareholder approval have been some of […] [Read More]

National Preparedness Month — an initiative to encourage citizens to make their emergency plans in advance of disasters such as hurricanes, forest fires, power outages and more — is coming to a close, and CDK Global is taking note. The digital marketing and information technology company for the auto space said it wanted to remind […] [Read More]

DealerVault has added another company to its Premier Network of third-party service providers. SiriusXM Radio is the newest addition, the company announced on Friday. Through SiriusXM’s integration with DealerVault — which works to simplify the dealer enrollment process in the SiriusXM Pre-Owned Program — dealers can now offer their customers a “All Access” subscription to […] [Read More]

On the day CarMax Auto Finance completed the second quarter of its current fiscal year with a 6.2-percent increase in net income, the financing arm for the used-vehicle retailer came within the jurisdiction of the Consumer Financial Protection Bureau thanks to the larger participant rule. When asked how this additional regulatory burden might burden CAF’s […] [Read More]