Penske Automotive Group provided an operational update on its business on Tuesday, stating that automotive retail business conditions have improved compared to March and April. Penske Automotive Group chief executive officer Roger Penske said he was encouraged by “the significant improvement we continue to see in our operations.” “Since the COVID-19 pandemic began impacting operations […] [Read More]

Buy-here, pay-here operators who use DealerSocket now have a streamlined path to tools from Agora Data. On Tuesday, Agora, a Texas-based provider of data, analytics and liquidity solutions for the BHPH industry, announced an integration with DealerSocket’s IDMS web-based dealer management system (DMS). The companies highlighted this integration will increase dealer visibility into portfolio and […] [Read More]

Repay Holdings Corp. (REPAY) and Inovatec Systems Corp. now are working together to help finance companies with collections and other segments of their businesses connected with gathering payments from contract holders. The provider of vertically integrated payment solutions recently announced a partnership with the provider of cloud-based lending solutions for all financial institutions. As the […] [Read More]

Carleton president and chief operating officer Matt Ruszkowski still often sees it on dealership websites nowadays. The vehicle listing tells potential buyers to “call for price.” During this podcast, Ruszkowski spoke about how crucial it is for dealers to offer specifics about the retail and financing costs to shoppers — including fees and taxes — […] [Read More]

Processing total-loss claims triggering GAP coverage can be one of the most complicated tasks in F&I. JM&A Group is trying to reduce some of the stress connected with them. In order to improve efficiency and fulfill payments in a more timely manner, JM&A Group recently introduced new GAP claims self-service portals serving both consumers and […] [Read More]

In response to the coronavirus crisis, Sheehy INFINITI of Tysons in Virginia and Chantilly and Sheehy Ford of Marlow Heights in Maryland provided free disinfecting of automobiles for health care professionals. That is just one example of how Sheehy Auto Stores and its 29 dealerships throughout Washington, D.C.; Baltimore, Annapolis, and Hagerstown, Md.; and Richmond, […] [Read More]

Another independent auto auction has lined up EBlock to provide an avenue into dealer-to-dealer online wholesale segment. Akron Auto Auction announced the partnership with EBlock on Tuesday and said the first auction sales event between the two companies will be on June 18. EBlock and Akron Auto Auction will then hold online dealer-to-dealer sales each […] [Read More]

Dawn Walston is vice president and general manager of Titus-Will Toyota in Tacoma, Wash., which is part of the Titus-Will Automotive Group. She joins the Auto Remarketing Podcast to discuss how her dealership and group has navigated the COVID-19 pandemic in one of the hardest-hit areas of the country. To listen to this episode, click on […] [Read More]

Because of the COVID-19 pandemic and corporate travel restrictions, the International Automotive Remarketing Alliance has “revised its strategy” for its 2020 IARA Summer Roundtable Conference and will produce the “2020 IARA Virtual Summer Roundtable.” “IARA’s first consideration is the health and safety of its members and guests,” IARA president Paul Seger said in a news […] [Read More]

Vehicle sales aren’t the only retail category to drop because of the COVID-19 pandemic. Kerrigan Advisors’ first quarter 2020 Blue Sky Report outlined the decline of the dealership buy/sell market impacted by the same trigger. Kerrigan Advisors reported this week that Q1 activity fell by 9.3% year-over-year. The firm indicated transactions slated to close at […] [Read More]