Kroll Bond Rating Agency (KBRA) spotted weakening credit performance during the August collection period when analysts examined September auto-finance remittance reports. And the latest unemployment update from the U.S. Department of Labor showed that initial claims for unemployment benefits arriving into federal and state systems each week continue to be near or even above 1 […] [Read More]

Auto Remarketing is recognizing its 11th annual CPO Dealer of the Year, and receiving the honors in 2020 is Ford dealer Jerry Mullinax, whose group includes five Mullinax Ford stores in Florida, one in Mobile, Ala., and another in Olympia, Wash. The group also includes a Hyundai store in the Orlando, Fla., area. Mullinax has […] [Read More]

Carfuffle is a vehicle management app, and co-founder Dennis Lecos said the product  — which is a play on the word, “kerfuffle,” — “takes the confusion or commotion out of vehicle ownership.” The company says the app provides Canadian car owners and buyers with a secure vehicle management software app experience. The app offers vehicle […] [Read More]

Despite the challenges created by the coronavirus pandemic, LeaseCosts Canada still is tracking toward reaching its goal of vehicles listed on its online auto leasing marketplace. Officials highlighted in a recent news release that the LeaseCosts Lease Takeover Network now has more than 5,000 vehicles listed. A year ago, LeaseCosts projected the company would get […] [Read More]

Dealerships sold millions of used vehicles during the summertime, including a four-month stretch of year-over-year sales gains. However, Black Book isn’t necessarily seeing buyers and managers rushing to replenish store inventory. According to their newest COVID-19 Market Insights released on Tuesday, analysts highlighted a typical autumn wholesale price cooldown, explaining that those softer prices aren’t […] [Read More]

Under a new partnership between connected car platform Dealerware and mobility and logistics provider RedCap Technologies LLC, a single-screen product could help simplify and improve auto retailers’ pickup and delivery and loaner management process through a contact-free contracting experience. The product also offers automation of fuel and toll recovery and real-time visibility into vehicle location. […] [Read More]

Getaround said Wednesday it has raised $140 million in Series E financing, a round led by PeopleFund that puts the carsharing platform’s total amount raised at almost $600 million. In conjunction with the Series E round, the company has hired a chief operating officer, chief financial officer, a vice president of people & culture, and […] [Read More]

ACV Auctions welcomed two new executives with vast experience from outside the automotive industry to support enhancements within the company’s financial operations and continued advancement of its workplace and culture. According to a news release distributed on Tuesday, the new chief financial officer at ACV is Bill Zerella and its vice president of people and […] [Read More]

Earlier this month, Manheim Logistics and DHL Supply Chain announced an exclusive partnership to help build “a more holistic transportation management system” with the goal of continuing to boost efficiency and transparency. Manheim Logistics, which facilitates about 10 million vehicle shipments annually through its Central Dispatch and Ready Logistics platforms, is turning to DHL Supply […] [Read More]

Dealership F&I personnel now have more training options from Assurant. The firm recently expanded its content library by adding 50 new “soft skill” modules to the Assurant Virtual Learning Platform, an on-demand eLearning system. “During these unprecedented times, we wanted to honor our promise to provide dealers with customizable and innovative solutions that will help […] [Read More]