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]

While it likely will be some time before the decision significantly impacts your dealership’s used-vehicle industry, General Motors put a timeline on when it wants to depart from the business of manufacturing vehicles that run on gasoline or diesel fuel. On Thursday, GM announced that it is looking to eliminate tailpipe emissions from new light-duty […] [Read More]

While the number of accounts TransUnion classifies as being in some form of financial hardship status closed the year below a peak registered soon after the onset of the pandemic, the level remains notably elevated and isn’t softening at the pace analysts spotted earlier. According to TransUnion’s latest Financial Services Monthly Industry Snapshot Report released […] [Read More]