By overwhelming majorities, members of the Credit Union National Association (CUNA) and National Association of Federally-Insured Credit Unions (NAFCU) have voted in favor and approved the merger to form America’s Credit Unions. Of those institutions that participated according to a news release, 94% of CUNA members and 86% of NAFCU members voted in favor of […] [Read More]

Former PureCars CEO Stephane Ferri has been named CEO of Call Box, a call tracking and analytics firm and parent company of Car Wars. Ferri will focus on continuing the growth of the Car Wars and Call Box brands, including growth in new verticals, increased penetration in the automotive market and further adoption of artificial […] [Read More]

What some experts might consider to be what the federal government has given and taken away during the past three years is manifesting itself significantly in the bankruptcy space. Epiq Bankruptcy and the American Bankruptcy Institute (ABI) spotted six double-digit year-over-year increases — another one at triple digits — when reviewing the October filing data […] [Read More]

ADESA chief economist Tom Kontos shared a similar reaction with SubPrime Auto Finance News as his expert brethren, saying the Federal Reserve voting unanimously to keep the federal funds rate at 5.25% to 5.5% was to be expected. “Moreover, the Fed’s indication that further rate tightening remains a possibility strikes me as prudent, considering the […] [Read More]

ACERTUS wants to make vehicle shipping transparent. The automotive logistics-as-a-service platform has launched its new Transportation Management System, designed to give shippers visibility into the process with real-time GPS tracking, digital inspection data, automated reporting and custom data visualization. The company said its new platform, powered by artificial intelligence/machine learning and seamless connectivity with ACERTUS’s […] [Read More]

TD Bank is taking a stand against discrimination and hate throughout communities in Canada and the U.S. through another $250,000 donation in response to the ongoing conflict in the Middle East. So far, TD has donated a total of $1 million CAD in response to the recent conflict. This donation will go toward educational programs […] [Read More]

Roughly two weeks after rebranding to its current name, Cars Commerce is expanding its platform into Canada, giving the company a much larger presence in the country. The company announced Thursday morning that it has acquired D2C Media Inc., an automotive technology and digital solutions provider in Canada, for $105 million CAD ($76 million USD). […] [Read More]

AutoNation has launched a new platform to sell and deliver auto parts. AutoNationParts.com is an e-commerce website that allows customers to purchase parts and accessories and have them shipped directly to their homes. AutoNation said the site aims to provide fast nationwide shipping for guaranteed-to-fit genuine manufacturer parts from more than 25 brands in order […] [Read More]

Sonic Automotive’s scaled-back, standalone EchoPark used-vehicle operation is narrowing its losses and gaining positive momentum, said its executives during the dealership group’s most recent quarterly earnings call. EchoPark’s income loss of $16.9 million in its third quarter that ended Sept. 30 represents a 46% improvement over the year-ago quarter loss of $31.1 million according to Sonic’s financial results. In the third quarter, EchoPark grew its ... [Read More]

The Jeff Wyler Automotive Family reached a milestone today — 50 years in business. In that span, the Ohio-based dealer group has grown from a small Chevrolet dealership in Batavia to 23 locations in Cincinnati, Columbus, Dayton and Louisville, Ky., representing more than 40 brands and selling more than 45,000 cars per year. The original […] [Read More]