On-demand car care, technology and services company Get Spiffy has acquired Carmacy, which provides preventive fleet services such as oil changes, tire rotations and repair. In 2015, Tyler Burns, JD McDonnell and Nancy McDonnell founded Carmacy, which says it is one of the first U.S. national mobile fleet maintenance providers. Carmacy services thousands of trucks and cars […] [Read More]

Just like finance companies are working with consumers about modifications to their vehicle installment contracts, Hertz secured similar considerations since the travel industry is nearly nonexistent because of the coronavirus pandemic. According to a filing with the Securities and Exchange Commission posted on Monday, Hertz acknowledged that it did not make certain payments in accordance […] [Read More]

The Costco Auto Program and American Honda Motor Co. are teaming up on a program that offers a $500 Costco Shop Card for eligible Costco members buying or leasing specific Honda vehicles, in addition to compatible Honda incentives for which they qualify. Costco Auto Program and American Honda Motor Co. are working to “provide added […] [Read More]

Perhaps some used-car managers filled a void left with no live sports to watch on television with observing activity during online sales. The newest Black Book Market Insights report released on Tuesday indicated managers aren’t just watching; they’re starting to bid and buy a bit more, too. Black Book vice president of automotive valuations Laura […] [Read More]

The International Automotive Remarketers Alliance is beginning a three-part informational webinar series on Friday titled, “IARA Road to Recovery 2020.” The opening segment is scheduled to feature KAR Global chief economist Tom Kontos and Cox Automotive chief economist Jonathan Smoke, who plan to discuss six topics, including: • Status of the COVID-19 pandemic and the […] [Read More]

The newest information from the American Bankruptcy Institute (ABI) possibly shows the positive impact of federal intervention to support consumers and businesses during the coronavirus pandemic. According to data provided by Epiq Systems and released on Tuesday, total U.S. bankruptcy filings in April decreased 46% from the previous year. ABI said bankruptcy filings totaled 38,428 […] [Read More]

Viewed through the prism of the U.S. auto asset-backed securities (ABS) market, S&P Global Ratings generated a report examining the depth and potential impact of extensions of vehicle installment contracts because of the COVID-19 pandemic. According to a report based on the firm’s watch of securitizations, S&P Global Ratings computed that extensions on a dollar […] [Read More]

Wholesale auction sales for the week ending April 26 marked the third consecutive sequential gain, according to J.D. Power Valuation Services, which also said sales for that period  were over twice as strong as the tally from the market’s worst week. The firm said in its COVID-19 Valuation Services Update released Thursday that there were 39,700 […] [Read More]

Wholesale-price analysis and projections from Black Book, Cox Automotive and J.D. Power Valuation Services contained a variety of encouraging assessments about the trajectory of this vehicle metric. Beginning with the latest update from J.D. Power Valuation Services, analysts there said wholesale auction prices ticked up by a little more than 1% on a weekly comparison […] [Read More]

Auto insurance marketplace DealerPolicy has integrated data analytics company J.D. Power’s new insurance data and analytics platform to create personalized insurance quotes tailored to a customer’s specific preferences. DealerPolicy on Monday announced the collaboration, which it said would deliver instant, personalized insurance quotes to car buyers. The new personalized insurance service is now available to […] [Read More]