TrueCar announced Wednesday that chief financial officer Jantoon Reigersman will also take on the role of chief operating officer starting Tuesday. Part of his role will be to lead the launch of TrueCar+, a two-sided marketplace the company designed to fully digitize car-buying. TrueCar is currently piloting that platform in Florida and aims to have […] [Read More]

Autosled reinforced its leadership team this week, as the company aims to make vehicle logistics/transportation more efficient and simpler through technology. Joining Autosled as vice president of business development is Bart Schuster, while coming aboard as vice president of data and analytics is David Darden. While Darden has arrived from outside the automotive industry, Schuster is […] [Read More]

AutoNation has named a new executive who will be chief operating officer for its Precision Parts business and executive vice president and head of mobility, business strategy and development. Appointed to the role effective March 1 is Gianluca Camplone, who was most recently was an executive at McKinsey & Company. Camplone, who joins the retailer’s […] [Read More]

After nearly two decades, Credit Union Loan Source decided it was time for a change. The auto finance company that originates and services installment contracts with more than 1,500 franchised and independent dealers in its 25-state footprint announced on Wednesday that it has rebranded. The company now operates as Cinch Auto Finance, as leadership explained […] [Read More]

One of last year’s Emerging 8 honorees is set to operate with a new name. On Tuesday, DealerPolicy announced a rebranding and insurance agency name change to Polly in an effort to better engage consumer audiences. The insurance marketplace for automotive retail said the name change will take effect on March 2. Polly’s existing suite of technology […] [Read More]

The American Recovery Association (ARA) is looking to honor some of the industry’s best during the annual North American Repossessors Summit (NARS), which will be conducted in a new location with a new theme. Along with seeking speaker submissions and award nominations, ARA highlighted the theme for NARS 2022 on June 21-22 in Denver is […] [Read More]

Cox Automotive shared a pair of developments this week connected with Dealertrack. Along with an enhanced integration with 700 Credit, Cox Automotive said Dealertrack reached a new milestone with the addition of its 100th finance company using Dealertrack Accelerated Title. One of the finance companies using the Dealertrack tool is Westlake Financial Holdings, where Mark […] [Read More]

LAUNCHER. SOLUTIONS has teamed up with VINData to provide its finance company customers with a deeper view into vehicle history, title data, vehicle values and more, all to help them manage risk and decisioning. Through Launcher’s appTRAKER Loan Origination System, customers will be able to access VINData Title and History Reports, which include real-time information […] [Read More]

It’s a bit of a Catch-22 for franchised dealership service departments these days. The number of repair orders continues to slow, but the amount of revenue a franchise dealer generates on each repair continues to break records. That’s according to a report Tuesday from Cox Automotive that examines service department data from its Xtime subsidiary. [Read More]

CarGurus has brought its Instant Max Cash Offer to the West Coast, announcing Tuesday that the all-digital car-selling solution is now available in California. Instant Max Cash Offer, which is powered by CarGurus subsidiary CarOffer, allows dealers to bid on and acquire used cars online from consumers. The platform blends CarGurus’ consumer-facing marketplace with CarOffer’s […] [Read More]