Because of what it says is an all-time high in demand for transport carriers, along with the importance of route efficiency in meeting shipper deadlines, Manheim Logistics is enhancing its real-time auto transport marketplace that connects shippers and carriers. The marketplace is called Central Dispatch, and Manheim notes that carriers previously spent a great deal […] [Read More]

The Financial Data Exchange celebrated the significant growth and accomplishments the organization has generated in just two years. FDX marked its second anniversary by reiterating its goal of unifying the entire financial industry around a secure, common, interoperable and royalty-free standard for user-permissioned data sharing. “Our work has really just begun, but never in my […] [Read More]

SouthWest Dealer Services finalized a strategic partnership with Darwin Automotive last week. The provider of F&I and anti-theft programs as well as related training services for dealerships announced its new connection with Darwin to expand SWDS’ digital retail sales platform for its dealer clients. Darwin is an automotive software provider that can enable a seamless […] [Read More]

The Consumer Financial Protection Bureau offered collections and compliance professionals some light reading just before the weekend. It’s mere a 653-page document to update a regulation first passed four decades ago that has taken regulatory officials seven years to get to this juncture. On Friday, the bureau issued its final rule to restate and clarify prohibitions […] [Read More]

Sonic Automotive ramped up its online retail efforts with three executive moves announced Friday. The retailer has hired its first-ever chief digital retail officer, bringing in former Hertz executive Steve Wittman, as well as a vice president of eCommerce, hiring former Belk exec Stephen Conrad. Sonic also promoted director of brand management Marti Eulberg to […] [Read More]

IAA said it would break ground for three new branch locations in Colorado Springs, Colo., West Palm Beach, Fla., and Port Murray, N.J. Highlights of the new facilities include vehicle inspection center space, a dedicated VIC drop zone area, and covered motorcycle storage. The company also indicated the new West Palm Beach and Port Murray locations will […] [Read More]

Since TrueCar started the program, DrivenToDrive, in 2016 to help injured veterans regain their independence and get back behind the wheel of a vehicle, the program has awarded four disabled veterans with brand-new vehicles. This week, TrueCar said it is again teaming up with AutoNation and DAV, or Disabled American Veterans, for its DrivenToDrive program. New […] [Read More]

Scott Painter, who is a founder of Fair.com, TrueCar and CarsDirect, has revealed his next project. Painter is launching NextCar Holding Company, a vehicle subscription platform also known as NXCR, “in response to COVID-19 and the heightened relevance and expected demand for a Car-as-a-Service (CaaS) mobility model for consumers,” according to a news release announcing […] [Read More]

CarEdge.com, a provider of analytical tools that automotive dealers and leasing companies use to assess vehicles’ current and future values, has introduced a vehicle financing calculator that compares the expected depreciation of a vehicle with the future balance on a car loan.   The company designed the calculator to make consumers aware of the risks […] [Read More]

Wholesale prices are softening, but KAR Global’s September data show they still have a way to go before returning the level auctions and dealers saw a year ago — or even before the pandemic arrived. According to KAR Global Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale prices in September […] [Read More]