Alec Gutierrez, senior market analyst of automotive insights at Kelley Blue Book, may not have started his career right off the bat in the automotive industry — but he was always a self-professed “car guy.” Gutierrez, one of the Remarketing and Used-Car Industry's 40 Under 40,  joined the KBB team back in 2007 after working in […] [Read More]

Shift Technologies announced Tuesday it has raised $50 million via Series B funding for its car buying and selling marketplace. Powered by its Series B funding led by Goldman Sachs Investment Partners, along with its previous Series A financing from DFJ and Highland Capital Partners, Shift offers end-to-end concierge services for vehicles of buying and […] [Read More]

As automakers report August sales this week, here’s a rundown of how a few more brands are faring in the certified pre-owned market: Hyundai sold 8,166 CPO units August, versus 9,254 CPO sales in August 2014. Through eight months, it has sold 63,707 certified vehicles, compared to 63,596 CPO sales in the prior-year period. Porsche […] [Read More]

Two of the three operating segments within AutoNation's retail new-vehicle unit sales metric registered increases in August. The dealer group reported the sales breakdown went as follows: — 10,239 units for domestic, up 2 percent versus August of last year — 14,641 for import, down 14 percent versus August of last year — 6,152 for […] [Read More]

As vehicle quality and durability has increased over the years, a recent study shows these factors and more are leading to stronger used-vehicle prices. The latest report from the Used Car Guide division of J.D. Power focuses on how improving quality is having an impact on how new cars are bought and sold as used […] [Read More]

To hear Pelican Auto Finance chief executive officer Troy Cavallaro explain the impact, the $100 million warehouse funding facility with Wells Fargo Securities the company announced on Wednesday will help the deep subprime auto finance provider in two places. The facility represents Pelican’s chance to advance both on Wall Street as well as dealerships that […] [Read More]

LeasePlan Canada and AlertDriving have teamed up to address global fleet risk management. The two companies have entered into a strategic partnership, and LeasePlan has added AlertDriving to its driver support programs. Now, as an AlertDriving partner, LeasePlan has the ability to consolidate training requirements and key risk data in a single-source, centrally managed platform: […] [Read More]

When the Consumer Financial Protection Bureau released its monthly consumer complaints snapshot report a little more than a week ago, one of the categories drumming up the most activity was credit reporting. Potential problems with how that metric developed is precisely what the Consumer Data Industry Association (CDIA) attempted to articulate to the CFPB in […] [Read More]

Along with an inkling about what its auto lending prospects might be, initial findings from the 2015 Growth Strategy Survey orchestrated by Bank Director showed the traditional banking industry may find itself unable to attract what orchestrators called a “decidedly untraditional digital generation.” The survey showed 60 percent of the executives and board members who […] [Read More]

In 2008, the outset of arguably the worst economic crises since the Great Depression, Jack Cooper Holdings Corp. had 100 employees, says executive chairman Sarah Amico. Six years later, it had around 4,000. But perhaps the more inspiring find is what Amico learned while spending week after week interviewing top managers, executive and board members, […] [Read More]