While he might be serving as director of the Consumer Financial Protection Bureau only in an interim capacity, Dave Uejio doesn’t appear to be just sitting idle as lawmakers eventually consider President Joe Biden’s nominee to be the permanent fixture in the post. Through a blog post on the CFPB’s website, Uejio articulated his priorities, […] [Read More]

On Thursday, which was Data Privacy Day,  Privacy4Cars founder Andrea Amico joined the Auto Remarketing Podcast to discuss the top data privacy concerns in automotive, including how dealers and auto auctions may be impacted. Amico shared his advice for the industry and how his company is helping auto auctions scrub personal data from vehicles set to be remarketed.  […] [Read More]

Kia has produced Super Bowl advertisements for 10 years. But rather than advertise in Super Bowl LV on Feb. 7, Kia will “Accelerate the Good.” The automaker will continue that program, which it started in 2019 with the Great Unknowns Scholarship to help young people in need participate in higher education. The start of the […] [Read More]

Wall Street news updates recently are filled with discussions about how social media triggered significant spikes in a couple of particular stocks. However, investment in the automotive industry continues to chug along with two developments involving a luxury OEM and a start-up in the vehicle-transport space. On Friday, Porsche Ventures announced that it has completed […] [Read More]

Carsharing marketplace HyreCar said its new and expanded strategic partnerships announced Thursday can provide infrastructure and capital that will allow the company to enter the next level of growth and scalability. The formal partnerships are with automotive mobility fleet manager, AmeriDrive Holdings, and Cogent Bank’s specialty lending unit. HyreCar, a carsharing marketplace for ridesharing, food, […] [Read More]

The next development in the working relationship involving CarGurus, Capital One, Westlake Financial and Global Lending Services (GLS) surfaced on Friday. CarGurus announced a new feature that can enable shoppers to pre-qualify for financing as they search on CarGurus for their next vehicle; a program dubbed Finance in Advance. Pre-qualification offers are provided through CarGurus’ […] [Read More]

Exeter Finance is in a celebratory mood and rightfully so. The non-prime auto finance company now has originated contracts with 1 million customers since it was founded in 2006. To commemorate this milestone, Exeter identified its 1-millionth customer as Raul Trevino Jr. of Ennis, Texas, and awarded him a $10,000 cash prize and the vehicle […] [Read More]

Jamie Oldershaw said providing a customer experience that meets shifting shopper expectations — especially in today’s stay-at-home economy — is extremely important to a dealership’s success. “And we saw overwhelmingly positive consumer reviews on our platform over the past year as dealers transformed into digital-first car sellers,” said Oldershaw, who is general manager of DealerRater, […] [Read More]

Manheim has named Brad Burns as associate vice president of vehicle information, saying that the move takes place as digital wholesale continues as a primary source for buying and selling vehicles. The move comes amid 81% of Manheim’s 2020 sales going to digital buyers. Burns has been with Manheim for 17 years, and he has […] [Read More]

McConkey Auction Group has named several leaders who will serve in new management positions, and the company also announced some promotions. Aaron McConkey is one of those leaders, and the auction group has appointed McConkey to serve as vice president of strategic technology. McConkey Auction Group, or MAG, said that McConkey has served as Auction […] [Read More]