The Japan Automobile Manufacturers Association has invested billions of dollars in the last decade toward convincing U.S. drivers to drive Japanese cars, according to insurance comparison website, Pretected.com. “And it seems like it’s paying off,” Pretected writes in a news release. Basing its information on more than 1 million drivers who were looking to insure […] [Read More]

Portfolio is looking to make the reinsurance process easier for auto, RV and powersports dealers and independent agents. The dealer participation program provider recently announced the launch of a new website at PortfolioReinsurance.com. Portfolio explained the site was designed to offer a streamlined, user-friendly experience. Among the highlights is a series of quick-reference homepage buttons. […] [Read More]

An acquisition in the F&I space first announced back in December came to a conclusion this week. Officials from iA Financial Corp., the holding company of iA Financial Group, said they have finalized the acquisition of IAS Parent Holdings Inc. and its subsidiaries through a $720 million agreement announced on Dec. 4. Based in Austin, Texas, IAS […] [Read More]

Late on Thursday, TrueCar initiated a workforce reduction impacting 219 positions, accounting for more than 30% of the organization. According to a news release, TrueCar explained the action came as a result of two circumstances impacting the company. First, the company made the move in anticipation of the termination of its partnership with USAA Federal […] [Read More]

Digital Motors and eLEND Solutions recognized how vehicle retailing is changing rapidly nowadays so they formed a strategic partnership with the intention of facilitating an integrated buying and financing experience — one that can result in buyers taking delivery in as little as an hour. The companies explained in a news release distributed this week […] [Read More]

Frost & Sullivan’s recent analysis considered the impact of the pandemic on the automotive sector under three scenarios — gradual containment, severe pandemic and global emergency —resulting in outcomes ranging from steady recovery to recession. Under the severe pandemic scenario, Frost & Sullivan concluded that OEMs will try to capitalize on China’s early recovery from […] [Read More]

Zach Hallowell, vice president of Manheim Digital, is back on the Auto Remarketing Podcast to discuss the top trends he noticed when the auto auction industry went mostly, if not entirely, digital for two months. To listen to this episode, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe to […] [Read More]

Costco Auto Program and Chevrolet are teaming up on an exclusive program for Costco members: The Chevrolet Limited-Time Special. The Chevrolet Limited-Time Special features three models that are popular with Costco members: Silverado, Tahoe and Suburban. Costco says the Silverado — offered in light-duty and heavy-duty models — has been the pickup truck most requested […] [Read More]

Eliron Ekstein, co-founder and chief executive officer of Ravin.AI, joins the Auto Remarketing Podcast from Israel, where he chats remotely with Cherokee Media Group president Bill Zadeits.  They discuss the background of the UK-headquartered company — which offers automated inspections of vehicles, using "computer vision and deep learning to detect and monitor vehicle condition," according to […] [Read More]

Black Book has integrated its values into a new product from ReconVelocity that matches buyers to recon inventory “the minute it comes into inventory.” ReconVelocity is an end-to-end recon management platform that recently introduced the new product, called ReconMatch. The company said that with the addition of Black Book Values into ReconMatch, dealers can now determine […] [Read More]