Sonic Automotive and its EchoPark Automotive subsidiary have their first-ever chief technology officer. Hired to the role is Stephen Carvelli, who was most recently vice president of software development engineering for Comcast Corp. His 25-plus years of tech experience includes technology strategy, implementation and digital retail roles at places like Lowe’s, Chico’s and American Eagle. […] [Read More]

Next up on our Auto Remarketing Podcast series from NADA Show 2022, senior editor Joe Overby reconnects with TrueCar chief executive officer Mike Darrow to talk about TrueCar+, which enables the company to become a "modern-day marketplace" to connect dealers and consumers online. Darrow talks about the TrueCar+ pilot in Tampa, continued rollout, marketing plans and […] [Read More]

In addition to some more automotive-specific news earlier this month, DrivenIQ, which specializes in data and data technologies that help businesses target their advertising to the most ideal audience, said Friday it has acquired Visitor Data Inc. In a news release, the company said the main reason it bought Visitor Data was, “for its double […] [Read More]

Next up in our NADA Show 2022 podcast series, Lori Wittman and Paulo da Silva of Cox Automotive join the Auto Remarketing Podcast, where they chat with senior editor Joe Overby about the company's Esntial Commerce platform and their work providing digital retail solutions to dealers. In related news, the Titus-Will Automotive Group said Monday […] [Read More]

The Titus-Will Automotive Group has launched an online channel for consumers in the Puget Sound area of Washington state to buy used cars digitally. CarBreezy, which is powered by Cox Automotive’s Esntial Commerce platform, allows shoppers to complete an online transaction in as little as 15 minutes and can offer delivery within 72 hours of […] [Read More]

Continuing our episodes of the Auto Remarketing Podcast recorded during the Vehicle Finance Conference hosted by the American Financial Services Association in Las Vegas, senior editor Nick Zulovich shared a conversation with two leading executives at Wells Fargo Auto. While Cynthia Caine focused on the commercial and dealer sides of Wells Fargo’s auto business, Tanya […] [Read More]

What’s been an annual tradition during the Vehicle Finance Conference hosted by the American Financial Services Association, senior editor Nick Zulovich reconnected in Las Vegas with GM Financial’s Kyle Birch. For this episode of the Auto Remarketing Podcast, Birch offered an update on GM Financial operations not only in the U.S., but also how the […] [Read More]

Beginning this summer, that applicant seeking auto financing might appear a little more worthy of being extended a contract because of upcoming changes by the three nationwide credit reporting agencies. On Friday, Equifax, Experian and TransUnion announced significant changes to medical collection debt reporting to support consumers faced with unexpected medical bills. The bureau said […] [Read More]

Already with a heightened interest in vehicle repossessions, the Consumer Financial Protection Bureau (CFPB) announced changes last week to its supervisory operations involving what it deems to be illegal discrimination, including in situations where fair lending laws may not apply. The bureau explained through a news release that during the course of examining banks’ and […] [Read More]

On Thursday, TrueCar announced the launch of its Sell Your Car offering and introduced its home delivery program in Texas. The company highlighted Sell Your Car provides consumers with visibility into their vehicle’s value as well as an instant, online True Cash Offer, while providing dealers a channel through which they can easily acquire additional […] [Read More]