For independent dealerships seeking to have their Paycheck Protection Program (PPP) forgiven, they are amongst a large number of other businesses. The U.S. Small Business Administration (SBA) announced this week that it reached a major milestone as its Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal recorded its 1 millionth PPP loan forgiveness application for […] [Read More]

AutoVerify has purchased AIM Experts, in an effort to alleviate pain points in the auto-sales process for both shoppers and dealers.  For dealers specifically, AutoVerify said the purchase will help solve dealer pain "end-to-end" by integrating AIM’s inventory management and automated content solutions into the AutoVerify product offering.  AIM was founded  in 2012, and works to simplify […] [Read More]

Online automotive retailer Carvana now offers its touchless home delivery in two new Missouri markets.  First up, the company has entered Springfield, Mo., and residents in the area can now shop Carvana's more than 45,000 used cars for sale and schedule as-soon-as-next-day vehicle delivery. Customers are also able to sell their current vehicle to Carvana […] [Read More]

Santander Consumer USA is set to become a private company. And the provider will do so with a new head of operations. According to a news release distributed on Wednesday, Santander named Marc Womack as head of operations in a move that will become effective on Oct. 18. The company said Womack will report to […] [Read More]

After three straight months of sequential declines following May’s all-time high, wholesale vehicle prices have started September with a month-over-month gain. That’s according to a mid-month reading of the Manheim Used Vehicle Value Index, which was at 201.4. Adjusted for mix, mileage and seasonality, wholesale prices in the first half of September were up 3.6% […] [Read More]

Cox Automotive is committed to showing its leadershipin the electric vehicle market and its future. One way the company is proving this strategy is launching the inaugural EV Battery Summit, set to take place virtually next week.  The event, scheduled for 11 a.m. (ET) to 3 p.m. on Sept. 30,  will bring together EV thought leaders and trasportation […] [Read More]

Volkswagen Group of America announcedit has concluded a study that looked at the future of mobility for long-distance traveling in a creative way. VW teamed up with Academy of Art University for a student design project designed to study just that. VW's Innovation and Engineering Center California (IECC) recently drew to a close its first-ever “Long Distance Mobility and Living Space” […] [Read More]

New York law enforcement officials shared details about a lengthy investigation that led to the arrest of 10 individuals allegedly involved in a complex scheme of stolen vehicles and curbstoning. New York attorney general Letitia James and New York Police Department  commissioner Dermot Shea announced the indictment of 10 members of an auto theft and […] [Read More]

In a late-July interview with Auto Remarketing, Sonic Automotive president Jeff Dyke discussed the group’s potential for expansion in regions of the country where it wasn’t yet operating. Such growth came to fruition in a big way Wednesday, as Sonic announced it has agreed to purchase RFJ Auto Partners for $700 million — a move set […] [Read More]

More reasons why Cherokee Media Group added the National Auto Venture & Investors Conference to Used Car Week arrived on Monday from Bain & Company. Bain’s second annual global technology report explores the impact of tech on business, consumers, economies, geopolitics and broader society. Firm experts said technology has cemented itself at the foundation of the […] [Read More]