Cox Automotive and Moody’s Analytics are trying to use their collective brainpower to create a new way of analyzing and tracking vehicle affordability. The companies recently launched what they’re calling the Vehicle Affordability Index, which is designed to quantify price movements in the new-vehicle market in relation to the spending power of the U.S. consumer. […] [Read More]

Along with making five additions to its executive team, this week, the Consumer Financial Protection Bureau issued its final advisory opinions policy. In making the move publicly, the CFPB said it was looking to address regulatory uncertainty in the bureau’s existing regulations and provide guidance to entities on outstanding regulatory uncertainty. Under the final policy, […] [Read More]

If 2020 has proven anything, it’s that drastic changes can arrive that no one anticipated. With that thought in mind, Swapalease.com wants to bring automakers and dealerships together with vehicle-lease holders who want out of their contract or to switch vehicles before the term has fully expired. On Wednesday, the site launched new program called […] [Read More]

Credit Union Leasing of America (CULA) recently recorded its best month ever, generating the highest single month of originations in its more than 30-year history. The company that processes indirect vehicle leasing for credit unions booked more than $150 million in lease originations in October. The volume represented a 31% increase over the same period […] [Read More]

Software company AutoMobile Technologies has released its newest vehicle reconditioning software product, noting that dealerships, auctions, recon companies, rental car companies, and any organization bringing multiple vehicles through reconditioning can use the product to manage and control every aspect of their operation. The product is called Repair360, and the company describes it as a single […] [Read More]

Shift has added a third market in Texas where consumers can sell their cars to the used-car ecommerce company. Joining Austin and San Antonio as consumer car-selling service markets is Fort Worth. "Fort Worth is a major thoroughfare in the state, and a huge opportunity for Shift to continue to expand in the Texas geography," […] [Read More]

It's another acquisition for Lithia Motors & Driveway, this time in Iowa.  The public retailer said Tuesday it has purchased Ramsey Subaru and Mazda, which it said are the highest-volume dealers for those respective brands in the state. Lithia anticipates the purchase will add $100 million to its annual revenues. Lithia's network expansion so far […] [Read More]

Thanksgiving turned out to be softer for all involved as Black Book noticed weaker trends on both the wholesale and retail fronts. The observations stemmed from a holiday timeframe typically filled with some of the largest gatherings on the calendar, but derailed this year because of the pandemic. As Black Book analysts explained it in […] [Read More]

Fleet management company Donlen has been named a 2020 Best and Brightest Company To Work For in the Nation. Best and Brightest Programs recognize companies that show a commitment to excellence in business areas such as employee enrichment, diversity and inclusion, community initiatives and strategic company performance. Donlen was included on the list for the […] [Read More]

Members of the Greater New York Automobile Dealers Association contributed $21 million to local charitable endeavors in 2019 in locations such as New York City, Long Island, Westchester and the Lower Hudson Valley. GNYADA owns and operates the New York International Auto Show, and during the show, the association hosts an annual fund-raising event for East […] [Read More]