The assertions Edmunds made after sharing its latest data on used-vehicle retail prices and trade-in values might be a good news-bad news scenario for dealerships. [Read More]

AutoNation said Wednesday it has opened the second of the five standalone used-car stores it plans to launch this year. AutoNation USA Denver 104 is the first of two pre-owned stores the retailer intends on opening in the area during 2021. By the end of 2026, the dealer group expects it will be operating more […] [Read More]

This week, Credit Union Leasing of America (CULA) expanded its client footprint for the fourth time this year. After previously expanding in the Northeast as well as into Texas, CULA announced that it now is partnering Utah’s University Federal Credit Union (UFCU). The companies booked their first contracts in August, as the partnership makes University […] [Read More]

Fueled by client successes like the one experienced by Global Lending Services (GLS), Lightico announced the launch of its latest solution aimed to enhanced its next-generation digital completion platform used by major companies in the insurance, automotive, telecom and financial industries to help millions of their customers eliminate roadblocks to deal completion. Lightico highlighted that […] [Read More]

In an effort to satisfy shareholders, KeyCorp is getting out of auto financing. Last week, KeyCorp announced that KeyBank has sold its indirect retail auto portfolio, and that KeyCorp has entered into an accelerated share repurchase (ASR) program. According to a news release, the company said KeyBank sold its $3.2 billion indirect retail auto portfolio […] [Read More]

In this episode of the Auto Remarketing Podcast, Lena Bourgeois discussed auto-finance metrics that are not getting as much attention nowadays but perhaps should. The senior vice president and general manager of automotive services at Equifax also shared anecdotes from recent client meetings about what’s top of mind at dealerships and finance companies. To listen to […] [Read More]

Spiffy said Wednesday it has purchased Pit Crew, an acquisition that not only expands the on-demand car care, technology and services company into Tennessee, but is likely to bring new preventative maintenance services into the Spiffy fold. Pit Crew, which operates in the Tennessee cites of Nashville, Memphis and Knoxville, has primarily focused on oil […] [Read More]

Carsharing marketplace Getaround has launched a new program to incentivize its audience to drive market expansion. The New Frontiers Bonus Program rewards car owners for sharing additional vehicles in eligible markets — up to $750 per vehicle. According to Getaround, the North American carsharing market is projected to exceed $4.8 billion by the close of 2024. […] [Read More]

VINData has announced integrations with motorcycle and auto companies: Innova and MotoMate123, respectively. VINData vehicle history and title reports are now available through the two auto and motorcycles and powersports leaders.  Begining in June of this year, Innova Electronics Corp., a supplier of test equipment and diagnostic reporting for automotive aftermarket professionals, DIYers and consumers, began […] [Read More]

SCI MarketView changed its name to taq Automotive Intelligence this week, which it describes as a move related to the ever-evolving automotive sales market and digital sales strategy.  The move reflects the company’s "evolution towards reinventing automotive sales and purchasing."  “From our roots as SCI MarketView, we are driven by the idea to continuously modernize the […] [Read More]