May 2020

FOUNTAIN VALLEY and SANTA MONICA, Calif. –  “The Un-Adventurers” is a television series celebrating real people who leave their home state for the first time ever to embark on “journeys they’ve always dreamed of.” Creation of the four-part long-form television series took place through a partnership between Hyundai Motor America and Tastemade, which is a media company serving viewers on all major digital, mobile and streaming television platforms. The company creates video content and original programming in the categories of food, travel, and home & design. In the series, which will debut… Read More »Hyundai helps travelers on the road to personal growth, adventure

ATLANTA –  Full-service transportation provider Ready Logistics has released two enhancements for clients that it says will make it easier for dealers to move vehicles from point A to point B. One enhancement is a Transportation Status Tracker on Manheim.com that can help dealers keep tabs on their vehicles. Ready Logistics enables dealers to order transport online or by phone, with a Ready Logistics expert handling the rest. The company says its second enhancement — a “Carrier Connect” portal — makes it easier for transporters to get the information needed to… Read More »Ready Logistics aims to improve transportation for dealers, transporters

NEW YORK –  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 their car with Pretected.com, the insurance company said the Toyota Camry is the most popular car in America for the first half of 2020. The Honda Accord places second. “In third place is… Read More »Popular makes and models list: Japan, US make strong showing

Friday, May. 29, 2020, 09:52 AM LAKE FOREST, Calif. –  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. Each one offers dealers more details about one aspect of Portfolio’s award-winning reinsurance program, including ownership, dividends, loans and income development. The feature also appears on… Read More »Portfolio launches revamped reinsurance website

QUEBEC and SAN FRANCISCO –  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 is one of the largest independent providers of solutions in the U.S. vehicle warranty market with more than 35 years of history. IAS provides a comprehensive portfolio of vehicle warranties and… Read More »iA Financial Group finalizes $720M acquisition of IAS

SANTA MONICA, Calif. –  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 Savings Bank later this year. TrueCar then noted the timing and scope of the reduction were accelerated by the impact of COVID-19. As part of the workforce reduction, the company expects to… Read More »2 factors prompt TrueCar to trim workforce by 30%

IRVINE, Calif. –  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 that the integration is intended to ensure that dealers can get precise information about each customer’s credit qualifications and, therefore, can transact on the quoted vehicle payments.  Digital Motors and eLEND Solutions pointed… Read More »What Digital Motors integration with eLEND Solutions means for potential 1-hour vehicle delivery

SANTA CLARA, Calif. –  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 the pandemic, while overall economic relief measures in the U.S., Germany, France and the U.K. will provide the necessary boost to the market in the post-recovery period. To tap into opportunities in this… Read More »Frost & Sullivan sees 2 elements being key to automotive recovery

CARY, N.C. –  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 the Auto Remarketing Podcast on iTunes or on Google Play.  Source Article

SAN DIEGO –  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 and purchased by Costco members for the past nine years through Costco Auto Program. Affinity Auto Program manages the program. The Chevrolet Tahoe and Suburban also rank among the top five large SUVs… Read More »Costco Auto Program offers exclusive $1,000 member incentive on Chevy trucks, SUVs