While declining now for two months in a row, Cox Automotive reiterated that the streak connected with the Dealertrack Credit Availability Index began with the measurement at its all-time high. A Cox Automotive Data Point distributed this week showed the Dealertrack Credit Availability Index ticked lower by … [Read More]

Cryptocurrency usage is gaining popularity at a dramatic pace, especially among the millennial generation. In fact, according to data cited by Cion Digital president and co-founder Fred Brothers — whose company delivers a cryptocurrency purchasing option for auto dealers — almost half of the millennial generation owns crypto.  As overall faith in the centralized banking […] [Read More]

On Wednesday, NuVinAir announced the company’s expansion of its franchise program to new territories, adding Louisiana and Illinois as the 31st and 32nd state, respectively. The company, which  offers a suite of patented and proprietary products designed to create healthy vehicle interiors safely, said the following franchise groups will bring the NuVinAir’s products to new […] [Read More]

Reynolds and Reynolds has acquired Motility Software, an end-to-end dealer management software company for specialty dealerships that has been backed by Serent Capital for the past four years. According to a news release from Serent Capital distributed this week, the two dealer service providers are joining forces to drive operational excellence at specialty dealerships across […] [Read More]

TrueCar said Wednesday that dealers across the country now have access to its home delivery program, which TrueCar offers on select used vehicles within its platform. TrueCar has piloted this “distance retailing program” with auto logistics platform ACERTUS in Texas and Florida. And now any TrueCar Certified Dealer in the continental U.S. who enrolls in […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]

Last week, the Consumer Financial Protection Bureau (CFPB) turned its attention back to credit reports. The bureau said it issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose under the Fair Credit Reporting Act. Officials said through a news release that the CFPB’s […] [Read More]

Solifi — the combination of IDS, William Stucky & Associates and White Clarke Group — announced its first president on Tuesday. The global fintech software partner for secured finance filled this newly created position on the Solifi executive team with Mithu Bhargava, who brings more than 20 years of operational leadership to drive the delivery […] [Read More]

Fuel might be expensive nowadays, but Car IQ is looking to help fleet operators and their drivers pay for gas more easily. The provider of vehicle payment solutions announced on Wednesday that Sunoco, one of the largest fuel distribution companies in the U.S., will accept the company’s payment solution that will allow its fleet customers […] [Read More]