A jump in bankruptcies lasted just two months before returning to levels seen during most of last year. Epiq recently released its May bankruptcy filing statistics from its AACER bankruptcy information services business, reporting that new filings for May dropped ... [Read More]

Floorplan providers are taking extensive actions nowadays to help independent dealerships secure the inventory they need as the wholesale market is impacted by soft volumes and soaring prices. After moves by Cox Automotive’s NextGear Capital as well as KAR Global’s ... [Read More]

For independent dealers with cash flexibility, AFC is rolling out a program to leverage that liquidity when securing inventory during these unprecedented times in the wholesale market. On Tuesday, the business unit of KAR Global announced that it now offers ... [Read More]

Ignite Consulting Partners chief legal and compliance officer Steve Levine returned for another visit; this time recapping on the Auto Remarketing Podcast how cathartic it was to host the firm’s compliance training event again in person. Levine also described how ... [Read More]

Agora Data again used the old adage, “strength in numbers,” to leverage the capabilities of the securitizations market for operations that typically do not have the size or scale to attract investment-community interest. This week, the company announced the successful ... [Read More]

Chuck Bonnano is the vice president of dealer development at the National Independent Automobile Dealers Association. Brent Carmichael is the 20 group moderator, consultant and instructor with NCM Associates. As engaging as both Bonnano and Carmichael are, a Zoom meeting ... [Read More]

With America’s Car-Mart locations turning vehicles on a monthly pace at a record level, the buy-here, pay-here dealership network closed its 2021 fiscal year with the highest amount of quarterly revenue in company history. The successes prompted Car-Mart president and ... [Read More]

You’re a new operator. You’ve pooled together your savings; maybe some help from family or friends, too, but you're still short on cash to open your doors.  NextGear Capital is looking to be the financial resource to help independent automotive ... [Read More]

Byrider chief executive officer Craig Peters and vice president of franchising Chris Hadley stopped by for this episode of the Auto Remarketing Podcast, highlighting not only the company’s successes through the pandemic but also the growth potential through its revamped ... [Read More]

Tricolor — a tech-enabled Community Development Financial Institution (CDFI) and one of the nation’s largest used-vehicle retailers that caters to Hispanic consumers — said in a new white paper that, in fact, 96% of its customers are Hispanic. And the ... [Read More]