Fintech firms are investment in people and buildings, too. Continuing a trend of recent activities, iLending announced last week that it has opened its newest office in Columbia, S.C.  According to a news release from the auto refinancing company, team members have begun work in the facility, and approximately 40 consultants are slated to be […] [Read More]

Last week, the National Association of Federally-Insured Credit Unions announced the hiring of Gregory Mesack as senior vice president of government affairs, bringing more than two decades of experience in financial services policy advocacy. In this role, NAFCU said Mesack will lead the association’s legislative, political, regulatory, compliance assistance, research and economic divisions. In the past, […] [Read More]

Experts at Cox Automotive, the National Association of Federally-Insured Credit Unions (NAFCU) and S&P Global Ratings all tried to make sense of recent trends such as retail sales, unemployment, the pandemic and more. [Read More]

Buy Your Car has launched in North Houston, Texas. The online service allows customers to sell their vehicles online, and aims to help provide more quality used inventory for dealers.  A consumer can submit a VIN or license plate number, current photos and answer a series of questions, and they will receive an offer for their […] [Read More]

Fleet management company Donlen announced that it has joined the Climate Group's EV100 in an effort to push electric transportation to the forefront of mobility.  The EV100 is described as a team of companies committed to "shaping the market for EVs by building demand and establishing electro-mobility as a mainstream transport solution." To join the coalition […] [Read More]

Black Automotive Media Group recently played a key role in launching an intiative that resulted in launching automotive media internships for North Carolina Central University and Clark University students. The program behind these internships — "Driving Force" — will work to offer multi-media career development to undergraduates at historically black colleges and universities (HBCU). The program will also […] [Read More]

The XLerate Group has made its third acquisition in just over two months. The company said Friday it has purchased Clark County Auto Auction. The Jeffersonville, Ind., auction becomes the 15th auction brand in the XLerate family and the first in the group’s home state of Indiana. XLerate, which is headquartered in the Indianapolis suburb […] [Read More]

The average used vehicle sold at a modestly more brisk clip in August (34.6 days to sell) than it did in July (35.4 days), according to a recent analysis from iSeeCars.com. And the fastest-selling used vehicle last month sold twice as quickly as that. For the third month in a row, the Tesla Model 3 had […] [Read More]

This year's J.D. Power APEAL (automotive performance, execution and layout) Study results put Porsche ranking highest among the premium brands, Dodge on top for mass market brands, and General Motors taking home the most vehicle segment-level awards. The study showed the "new vehicles are more appealing than ever" with some very successful launches for 2021.  […] [Read More]

GoMoto said this week it has recently completed the extensive process of securing a U.S. patent for its service kiosks. And the company has been working hard to make its GoMoto Service Kiosk key retrieval system — which works to provide a safe, secure exchange of vehicle keys — more efficient and convenient for both dealers and customers.  “Gone are […] [Read More]