Automotive News

Retail

Jan 14, 2021
The Access by BMW subscription pilot launched in April 2018 and never expanded beyond its initial Nashville market. BMW says it is developing the next iteration of the program. Audi Select will be discontinued Jan. 31.
Jan 13, 2021
LMP Automotive will acquire a 70 percent stake in fewer dealerships than an initial agreement called for in October.
Jan 13, 2021
A deluge of customer inquiries swamped auto lenders last year at the onset of the coronavirus pandemic that killed hundreds of thousands of Americans and skyrocketed unemployment. Nanci, GM Financial's artificial intelligence-powered chatbot, eased the transition to work from home for the lender.
Jan 13, 2021
Dealership responsibility to produce adverse action notices to consumers rejected for automotive financing and enhanced anti-discrimination protections were among approximately 100 recommendations an external task force made last week to the Consumer Financial Protection Bureau. The CFPB charged the task force with identifying issues...
Jan 13, 2021
The move is part of the company's strategy to evolve into a multiservice mobility solutions provider from its subscription service roots.
Jan 13, 2021
Cox Automotive says customers who obtain new-vehicle financing at higher interest rates were priced out of the market amid pandemic conditions.
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