September 2021

Tuesday, Sep. 28, 2021, 11:30 AM SAN FRANCISCO –  The future of mobility continues to evolve at a blindingly fast pace. Kyte — which first launched in Manhatten in May — is expanding its on-demand car services to the Brooklyn area.  The service will now be available to the Brooklyn neighbornhoods of Bedford-Stuyvesant, Brooklyn Heights, Bushwick, Carroll Gardens, Clinton Hill, Crown Heights, Fort Greene, Greenpoint, Ocean Hill, Park Slope, Prospect Heights, Red Hook, Weeksville, Williamsburg and Windsor Terrace. “After our successful Manhattan launch in May, we’ve been looking forward to the day more New Yorkers can drive Kyte,” Kyte launch… Read More »On-demand car service Kyte expands to Brooklyn

CARY, N.C. –  Morning Consult recently released its newest report titled, Most Trusted Brands: Auto & Mobility. Joanna Piacenza, the head of industry intelligence at Morning Consult, appeared on this episode of the Auto Remarketing Podcast to discuss the report, what the market research firm described as “stickiness” and more. To listen to the 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

Tuesday, Sep. 28, 2021, 10:57 AM WILKES-BARRE, Pa. –  Here’s a development to help independent and buy-here, pay-here dealerships that want to retail certified vehicles. GWC Warranty and the National Independent Automobile Dealers Association recently announced a strategic partnership to provide the NIADA Certified Pre-Owned Vehicle program. According to a study by Cox Automotive, the average customer is willing to pay $3,000 more for a certified vehicle. The additional opportunity to upsell the limited warranty offering already included in the NIADA Certified Pre-Owned program to a vehicle protection plan can mean even… Read More »NIADA aligns with GWC Warranty to administrate CPO program

IRVINE, Calif. –  Mergers and acquisitions continue to permeate the entire automotive industry. Tuesday’s public development involved the GPS and risk mitigation spaces. Advantage GPS announced the acquisition of Michigan-based Asset Tracking Technology, a distributor of GPS tracking devices for finance companies, buy-here, pay-here dealerships, fleet tracking and personal tracking devices. According to a news release, the company has been a distributor for Advantage GPS serving vehicle finance clients throughout the Midwest. Advantage GPS president David Meyer highlighted that the acquisition enables the company to provide more direct, in-person service and… Read More »Advantage GPS acquires Asset Tracking Technology

Many in the industry are rushing to secure their leadership position on the electric vehicle front, and some are are playing an even longer game, making sure to stay at the top of the pack when it comes to EV charging infrastructure.  That’s certainly the case for Capital Volvo Cars of Albany. The upstate New York dealership, the latest addition to the Capital Luxury Cars dealer group, celebrated its grand opening and ribbon cuttiing of its new dealership rooftop in Colonie, N.Y., which includes eight electric charging stations with the infrastructure to add more,… Read More »New NY, Calgary Volvo dealerships follows automaker’s lead, making EVs a priority

CARY, N.C. –  One of the more than 140 speakers who are on deck for Used Car Week appeared on this episode of the Auto Remarketing Podcast Kirsten Von Busch, who is direct of product marketing Experian Automotive, discussed how far the industry has progressed in spotting flood-damaged vehicles, but how improvements still can be made, especially now as dealers are grappling with tight inventory availability. To listen to the 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.… Read More »PODCAST: Talking flood-damaged vehicles with Experian’s Kirsten Von Busch

Monday, Sep. 27, 2021, 03:45 PM CARY, N.C. –  Along with the update he shared during a recent episode of the Auto Remarketing Podcast, Jerry Cox also found crucial new information to help auctions and dealerships see if vehicles on their lots are equipped with potentially dangerous Takata airbags. The chairman and chief executive officer with Potomac Strategy Associates discovered and shared the latest details from the National Highway Traffic Safety Administration (NHTSA) as the regulator investigates another 30 million vehicles; some as recent as the 2019 model year. “Dealers and… Read More »More crucial info about Takata airbags surfaces from NHTSA

Monday, Sep. 27, 2021, 11:49 AM PLANO, Texas –  Starting in October, Repairify will use its asTech remote scanning and diagnostic services to provide comprehensive diagnostic scan reports along with official OEM tool reports.  “We listen to our customers. We are committed to providing excellent service to continually enhance our products and services,” said Cris Hollingsworth, president of Repairify, in the press release announcing the news. “The delivery of the original OEM scan report will provide our customers with an additional layer of confidence and transparency, so they can remain focused on properly repairing… Read More »asTech to provide OEM scan reports for customers, starting in October

WASHINGTON D.C. –  Oftentimes when a federal regulator charges after a subprime auto finance company, it’s the Consumer Financial Protection Bureau or the Federal Trade Commission doing the investigations and handing out enforcement actions. Last week, it was the Securities and Exchange Commission getting involved in auto-finance oversight. The SEC announced fraud charges against two former executives of a subprime auto finance company for misleading investors about the subprime retail installment contracts that backed their $100 million securitization offering. The SEC’s complaint — filed in U.S. District Court for the Northern… Read More »SEC charges former Honor Finance principals with securitizations fraud

KANSAS CITY, Mo. & HOFFMAN ESTATES, Ill. –  In two pieces of news to come out of CDK early this week, the company is launching the inaugural CDK Connect Conference next week, and a new company in the auto tech space has joined its CDK Global Partner Program, as well.  Automotive Innovations (Ai), which goes by the same acronym as artificial intelligence, launched its suite of dealership tools just last month, and Monday become a participant in the CDK Global Partner Program, one of the largest third-party marketplaces of automotive applications and integrations.  According to a… Read More »Automotive Innovations joins CDK Global Partner Program; CDK Connect event launches Oct. 6