Getaround began the month by announcing an immediate workforce reduction that impacted approximately 30% of the company’s North American staff. Now, the connected carsharing marketplace is closing the month by naming a new CEO, among other leadership changes. In a move announced Wednesday and effective immediately, Getaround said its board of directors has appointed former […] [Read More]

Electric vehicle manufacturer Fisker continues building its new dealer network with the addition of two dealer partners set to open three locations in the U.S. The new dealers are Bul Auto Sales, which plans to open Fisker Albany (N.Y.) and Fisker Jacksonville (Fla.), and Karma Indy, which will open Fisker Indianapolis. The company has now […] [Read More]

Used-car retailing giant CarMax has ramped up its efforts to promote women’s sports, teaming with reigning National Women’s Soccer League champion Gotham FC as the club’s marquee partner and official automotive retailer. The new multi-year agreement includes the CarMax logo on the front of the team’s jerseys. “CarMax is proud to build on our partnership […] [Read More]

Since its founding in 2006, iLending said it has facilitated $3.6 billion in refinanced auto financing. But the past 18 months have been challenging for iLending and other institutions that might offer refinancing. However, based on the expectation that the Federal Reserve could trim interest rates later this year, iLending is upbeat about its future. […] [Read More]

A move by a captive in the powersports sector appears similar to what many finance companies might already do with cars and trucks. On Tuesday, Harley-Davidson Financial Services launched a program the company said is like a lease. The captive said Harley-Davidson Flex Financing combines the benefits of attractive monthly payments, shorter terms and greater […] [Read More]

The Consumer Financial Protection Bureau wants more data from finance companies as an extension of its project started a year ago focused on the number of vehicles repossessed and contract modifications. According to a post recently published in the Federal Register, the CFPB is seeking comments about its proposal to collect a set of data […] [Read More]

Southern Auto Finance Co. (SAFCO) recently made its second strategic move so far this year, appointing Marissa Kaliman as its vice president of compliance and general counsel. SAFCO highlighted Kaliman brings a wealth of expertise to its senior leadership team, possessing more than 14 years of legal and finance experience. “We are delighted to welcome […] [Read More]

Cherokee Media Group’s Nick Zulovich reconnected with Ken Hill, who is managing director of 700Credit. They shared a conversation about auto financing, regulations and fraud during this episode of the Auto Remarketing Podcast recorded at NADA Show 2024 in Las Vegas. Listen to the episode in the window below. [Read More]

SYCN Auto Logistics has announced its commitment to the relocation sector, introducing a series of specialized relocation services and technology that it said “aims to elevate transferee experience while addressing the evolving and specialized needs of relocation industry professionals.” The company said its artificial intelligence technology and team of relocation experts can provide transparency for […] [Read More]

The availability of public chargers is still the least satisfying aspect of owning a battery electric vehicle — and the latest research from J.D. Power shows that experience is actually getting worse. According to the J.D. Power 2024 U.S. Electric Vehicle Experience Ownership Study, satisfaction with public charger availability is 32 points lower now than […] [Read More]