Carsharing marketplace HyreCar appointed new leaders on Thursday, saying that they were coming on board at a time of significant growth opportunities for the company. After serving as the company’s senior vice-president of strategic partnerships, Brian Allan will assume the role of president for HyreCar, a carsharing marketplace for ridesharing, food, and package delivery services. […] [Read More]

Online car-buying start-up Gettacar announced $25 million round of funding, saying that it will use the capital to continue investing in the customer experience, expanding into new markets and developing products. 3L and Luxor Capital led the round of funding, with additional participation from Torch Capital. The latest round brought the total funding for Gettacar to $48 […] [Read More]

Perhaps one of the clearest data examples of how extensions or other contract modifications impact delinquencies and defaults within a short timeframe arrived this week courtesy of S&P Global Ratings, S&P Dow Jones Indices and Experian. First, let’s look at the extensions recorded in December on auto financing within public asset-backed securities (ABS). S&P Global […] [Read More]

A new vehicle home delivery service from Montway Auto Transport is an end-to-end automotive transportation service for dealers to provide estimated delivery dates and shipping prices on their website. The managed service handles shipping quotes and vehicle delivery updates in a single online portal. With this website-integrated widget, dealerships can expand their targeted audiences with […] [Read More]

ADESA has launched a new return guarantee available to ADESA and TradeRev customers in Canada that allows participating dealers to return eligible vehicles within 30 days for a full refund of the purchase price and associated buy fee. The new service is called ADESA Assurance, and ADESA Canada chief operating officer Trevor Henderson said dealers […] [Read More]

On Tuesday, Spiffy announced a partnership with one of the most recognized petroleum companies in the world to gain a stronger presence in the fleet space. The on-demand car care, technology and services company now is partners with Shell Oil Products U.S., one of the largest branded commercial fleet fuel card providers in the world. […] [Read More]

Accident history is the No. 1 thing used-car shoppers look for in a vehicle’s history, according to CARFAX. The company said that although Americans are driving less because of the COVID pandemic, and accidents were down in the second half of last year, car dealers should know whether a vehicle has sustained damage. “Otherwise they […] [Read More]

As automotive shoppers move more of their buying process online, it is important to understand their identity throughout the entire car-buying journey to provide a more personalized shopping experience that provides more confidence to dealers and lenders about who their customer is online. As customer interactions move online in record numbers, dealers and lenders are […] [Read More]

Primeritus Financial Services handed remarketing responsibilities this week to an executive with more than 20 years of industry experience, most of it with a large commercial bank. The forwarding company that provides recovery management, skip-tracing and remarketing services to the auto finance and insurance industries announced that Jason Herman is senior vice president of remarketing […] [Read More]

Former defi SOLUTIONS chief executive and award-winning entrepreneur Stephanie Alsbrooks Hanson is embarking on her next foray within auto financing. On Wednesday, Tricolor — a tech-enabled Community Development Financial Institution (CDFI) and one of the nation’s largest used-vehicle retailers that caters to Hispanic consumers — named Hanson as president of newly formed Tricolor Financial. As part of […] [Read More]