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]

Autosled, a provider of digital technology for vehicle transport logistics, has promoted vice president of data and analytics David Darden to chief information officer, the company said. In his new position, Darden will lead Autosled’s information technology and oversee its systems and operations, and will be responsible for the company’s software development. “Our customers want […] [Read More]

On Wednesday, Open Lending Corp. released the addition of new alternative data attributes for auto finance applicants to more accurately inform the risk score generated by its Lenders Protection solution. Open Lending highlighted that access to expanded criteria from TransUnion and LexisNexis allows Lenders Protection to analyze more robust vehicle buyer data for decisioning. These […] [Read More]

Wolters Kluwer announced third quarter results and analysis from its Auto Finance Digital Transformation Index this week. The project tracks the rate at which auto dealers, service providers and finance companies are seeing growth in the evolution from paper-based finance back-office processes to digital. According to the newest index, auto dealers, service providers and finance […] [Read More]

The focal point of a new, free white paper from Nordis Technologies claimed that cloud applications for personalizing consumer billing and payment experiences can make a big difference in whether auto finance companies get paid and keep contracts current. Authors of the white paper titled, “Drive More Effective Auto Finance Communications and Payments,” explained that […] [Read More]

The Consumer Financial Protection Bureau is calling for reinforcements. CFPB enforcement director Eric Halperin revealed in a public appearance last week that the bureau is looking to add about 75 new full-time employees to the office of enforcement. Halperin told attendees at the National Consumer Law Center’s Consumer Rights Litigation Conference in Chicago that the […] [Read More]

Sales of used commercial vehicles at dealerships in the third quarter “cooled off,” but remain well ahead of year-ago figures, according to the Q3 2023 Commercial Vehicle Market Analysis from Work Truck Solutions. In addition to sales, the report delves into prices, turn times, inventory and more. Starting with sales, specifically, there was a 2.3% […] [Read More]

The International Automotive Remarketers Alliance has named Lauren Baker as its new director of growth and operations, IARA executive director Mark Coleman announced. Baker comes to IARA with 13 years of auto industry experience, which includes owning a dealership with her husband and client-facing managerial roles with PHH and Element Fleet Management, where she worked […] [Read More]