Financial

Flexcar is bringing its vehicle subscription service to Rhode Island. The company announced consumers in the Providence area can now sign up for monthly subscriptions, choose their vehicle and have it delivered to their home. Flexcar chief operating officer Ryan Quinlan said while Rhode Island residents drive an average of less than 10,000 miles per […] [Read More]

OPENLANE has decided on a new leader for its floorplan operation. Will Mitchell, who has served the past three years as AFC’s chief operating officer, has been promoted to the floorplan financing provider’s president, parent company OPENLANE announced. Mitchell will assume that role effective April 1, succeeding Jim Money, who announced his plan to retire […] [Read More]

Autonomy founder and CEO Scott Painter returns to the Auto Remarketing Podcast for a wide-ranging discussion on electric vehicle accessibility and affordability, the insurance industry’s relationship to EVs and car subscriptions, Autonomy’s recent partnerships with Deloitte and others, plus much more. Listen to the conversation in the window below.   [Read More]

Customers now have the option to lease certified pre-owned Honda and Acura vehicles, American Honda Motor Co. announced Thursday. The leasing option is the latest addition to the automaker’s CPO program, which recently expanded to allow vehicles from ages 6 to 10 through the respective HondaTrue Used and Acura Precision Used Programs. Eligible models include ... [Read More]

Colin Tran of Trust Science is back for another episode of the Auto Remarketing Podcast, talking this time from the Used Car Week conferences in Scottsdale, Ariz. Tran discusses how lenders and dealers can find opportunities in today’s volatile market, the differences between subprime consumers and the rest of the economy, and his rapid rise […] [Read More]

GoodCar, a provider of comprehensive vehicle data and history reports, has introduced its Residual Values tool, which it called “a timely solution for car lessees amid the soaring prices of used vehicles.” The new tool is designed to give consumers a quick and accurate estimate of their vehicle’s equity. Users can access the current residual […] [Read More]

Flexcar has come a long way since it launched in 2021. And its customers have gone even farther. More than 100 million miles, in fact. The vehicle subscription service announced its customers have surpassed that milestone in Flexcar vehicles. “People who are in the market for a car today face record-high prices for buying or […] [Read More]

AutoVerify’s digital merchandising products, Car Media Premium Capture and Car Media 360, have been approved by General Motors to join its Dealer Digital Solution program. The U.S. OEM certification is the first for Car Media and its parent company AutoVerify, a Canadian-based technology platform that is now certified by a total of 13 brands in […] [Read More]

There’s nothing about paying bills that consumers like, so it follows that the easier and cheaper and most penny perfect they are to pay, the better, right? KISS! The U.S. Navy coined the phrase “KISS” — aka “Keep it Simple Stupid”— in 1960 to refer to jet mechanics, and it was eventually adapted across the […] [Read More]

Cox Automotive named a new chief financial officer on Friday. Appointed to the role is Scott LeTourneau, who was most recently senior vice president of corporate development for Cox Enterprises, which is Cox Automotive’s parent company. LeTourneau, who has been with Cox since 2012, will start the new role as executive vice president and CFO […] [Read More]