A new, pre-IPO car manufacturer that looks to compete with automakers such as Tesla Motors has hired two new executives. Mullen Technologies Inc. has promoted Paul Saluzzi as its new chief operating officer, and Gary Rosenzweig as executive vice president. The new California-based electric vehicle manufacturer and distributor aims to provide a variety of affordable electric […] [Read More]

The Ontario Motor Vehicle Industry Council announced today that the Ontario Superior Court of Justice overturned a decision made by the Licence Appeal Tribunal (LAT) that ordered OMVIC to issue a dealer license to a convicted arsonist. Here’s the timeline of events. In May of 2014, Robert Vernon, a dealership owner in New York, applied […] [Read More]

With observers saying, “the consumer economy looks good,” the auto loan portion of the S&P/Experian Consumer Credit Default Indices remained steady for December. Analysts from S&P Dow Jones Indices and Experian determined the auto loan default rate was unchanged from November with a 1.04 percent default rate in December. Compared to a year earlier, the […] [Read More]

SpringboardAuto.com, a new direct-to-consumer auto loan platform, added two executives to its board of directors who bring decades of experience from their time with Capital One and Ford Motor Credit. The company announced on Monday that its board now has both Steve Linehan and John Noone. Linehan is a former executive vice president and treasurer […] [Read More]

The Federal Trade Commission recently rolled out a new resource catering to Hispanics in an effort to curtail what the regulator believes are potential pitfalls in the vehicle purchasing and financing process. Officials highlighted their newest Spanish-language fotonovela — a small pamphlet similar to a comic-book format — is designed to explain how consumers can […] [Read More]

The expanded Takata recalls dominating the news on Friday reinforces the need for automakers to get more proactive in informing consumers, says a senior analyst with Kelley Blue Book. In comments the company shared Friday with the media, KBB senior analyst Rebecca Lindland said automakers impacted by the Takata airbag crisis shouldn’t rely on consumers […] [Read More]

MyDealerOnline announced Wednesday that it bolstered its funding by receiving $1 million right before the start of the new year. Having now received a total of $3.25 million in funding, the digital solution that allows dealers to broker wholesale inventory straight from their own websites says the additional funds will help it focus on increasing […] [Read More]

Direct distribution — a direct result of market needs and innovation or a threat to consumers and the country’s franchised dealers? That's just what industry experts were debating during the Federal Trade Commission’s Auto Regulation Workshop held last week in Washington D.C., during a panel discussion, titled, “Auto Distribution: Current Issues & Future Trends." Since […] [Read More]

Various areas around the world, including college campuses, cities, residential areas, and peer-to-peer platforms have already or are in the works to be affected by General Motors’ vehicle-sharing initiatives. On Thursday, these initiatives united under one new GM brand: Maven. According to GM, Maven’s mission is to give customers access to highly personalized, on-demand mobility […] [Read More]

There could be new curves for dealers to navigate this year on the regulatory road, a path that can sometimes wind and change course with little notice. Some of those twists in 2016, says Randy Henrick of Dealertrack Technologies, may involve ramped up regulation of dealership aftermarket products, continued focus on deceptive advertising, and increased […] [Read More]