Toyota has had a captive finance company for some time. Now the automaker is officially in the car insurance business, too. Last week, Toyota Insurance Management Solutions established its first branded product, Toyota Auto Insurance, which is designed to offer customers quality, customizable coverage at affordable rates. Toyota Auto Insurance is currently available in Arizona, […] [Read More]

CDK Global recently pinpointed the impact artificial intelligence (AI) is having on dealerships. According to a study by the retail technology company, approximately 68% of dealerships believe adoption of AI has had a positive impact on their businesses, stemming from an increasing amount of data created by dealers, manufacturers and vehicles. AI technologies can provide […] [Read More]

You could say AUL Corp. is in a giving mood. AUL president and chief executive officer Jimmy Atkinson announced on Friday that the F&I provider just surpassed $1 million in total charitable contributions since 2012. This year, AUL said it has donated more than $150,000, as the company has doubled its corporate giving totals since […] [Read More]

Almost four months later, the journey of Santander Consumer USA shifting from a publicly traded company to a private firm still isn’t over the financial finish line. The company announced last week that it has extended the expiration date of its previously announced tender offer to acquire all outstanding shares of common stock not already owned […] [Read More]

Used vehicles, in general, are pricier these days, fetching nearly 28% higher prices than they did a year ago, according to iSeeCars.com And some models are seeing prices soar even higher than that. [Read More]

The National Association of Minority Automobile Dealers and Ally Financial recognized Andrea Park Zadd, who is the president of Cresmont Auto Group in Cleveland, with the “Ally Sees Her” award at NAMAD’s annual conference. The award spotlights women dealership leaders for their commitment to boosting their communities and auto industry diversity. As part of Zadd’s […] [Read More]

Omnichannel auto logistics platform ACERTUS said Thursday it has hired a lead data scientist, naming Eric Hanson to the position. In this role, Hanson will develop data-based insights and analytics to improve the finished vehicle supply chain process, along with mining and analyzing data for process, product and pricing optimization. He will also develop machine […] [Read More]

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]