CarGurus named its new chief technology officer on Thursday, hiring Matt Quinn for the role.   Quinn joins CarGurus from Alignable, where he was vice president of engineering for the small business referral network. In his new post, Quinn will head up CarGurus’ engineering team and lead growth in the company’s technology platform and its […] [Read More]

Earlier this week, DriveItAway announced its newest program for employers to enable vehicle ownership as both a means and incentive for potential new employees to get to work. On Thursday, the mobility platform with its subscription-to-purchase technology for dealers made an even more dramatic announcement — new ownership. Creative Learning Corp. and DriveItAway along with […] [Read More]

Car Capital is capping off an active year by bringing on a new chief revenue officer this week. Looking to establish itself as an up-and-coming auto-finance technology company that strives to get any deal bought no matter the consumer credit background, Car Capital welcomed Cory Cox as its CRO. A notable leader in growth-oriented sales, […] [Read More]

This week, NVI Institute Blairsville, NAPA Auto Parts and Universal Technical Institute all announced their latest efforts to help auctions, dealerships and other vehicle repair operations that are all in great need of trained technicians. According to the Bureau of Labor Statistics, demand remains strong for skilled technicians nationally, with the estimation there are approximately […] [Read More]

Mercedes-Benz Canada is divesting all of its corporate-owned dealerships in the Greater Toronto Area, the company said Tuesday. Taking on ownerships of the dealerships, which are collectively referred to as the Toronto Retail Group, are the AWIN Group of Dealerships and Zanchin Automotive Group. AWIN and Zanchin are teaming up for the new ownership group, […] [Read More]

It’s been 40 years since bankruptcy filings have been at the pace experts from Epiq and the American Bankruptcy Institute (ABI) are seeing in 2021. Last week, Epiq released its November bankruptcy filing statistics from its AACER bankruptcy information services business. [Read More]

Buy-here, pay-here dealers asked for more support, and a collection of industry firms are responding to the request. Three founders of a new organization called BHPH United, which was formed for the sole purpose of providing education and resources to BHPH dealers, appeared on this episode of the Auto Remarketing Podcast. Rob Fox of Buckeye […] [Read More]

UPDATE: Cox Automotive has updated its reporting of November used-car sales figures, based on registration data not previously available.  The company now estimates there were a shade under 3 million total used vehicles sold in November, which beat year-ago figures by 3%. The total used-car SAAR was projected at … [Read More]

After rolling out in the Northwest earlier this year, Free2move brought its car sharing services to the Lone Star State on Wednesday. The company added Austin, Texas, to its list of mobility hubs. Austin residents already can see the Free2move fleet of 100 Jeep Renegade vehicles parked on the city streets. And as of Wednesday, […] [Read More]

Delinquencies and losses should be the canary in the coal mine for performance trends, but they can also wag the dog, drawing attention away from looming issues. In subprime lending, borrowers could demonstrate the first indications of trouble for the economy at large, as economic issues tend to impact them first. Now, as auto loan […] [Read More]