By introducing products designed for new- and used-car dealers, used-car auction houses, major vehicle-fleet operators, and rental-car companies, Israeli high-tech vehicle-inspection systems supplier UVeye is planning to expand in the United States. Within the next four months, the company plans to open sales and product development offices in Ohio and New York. UVeye is also […] [Read More]

Retail vehicle prices in Canada were down slightly month-over-month in May, though consumer interest and traffic — at least the online variety — was increasing. That’s according to the latest autoTRADER.ca Price Index report, which said the national median price for new vehicles was at $39,799 in May, down 0.8% from April and up 1.3% […] [Read More]

Independent dealerships now have another option to secure a floorplan. First Business Financial Services, a Wisconsin-based bank holding company, recently launched its newest product — aptly named Floorplan Financing — and brought in a trio of veteran automotive executives to run it. The company highlighted Floorplan Financing allows dealers the flexibility to finance their acquisition […] [Read More]

The coronavirus pandemic didn’t stop Byrider Wausau from relocating to a renovated location in the Wisconsin city it has served for the past seven years. This week, the dealership that’s part of the Byrider network of buy-here, pay-here dealerships moved into its new location following a six-week building renovation. The new store, owned by the Kocourek […] [Read More]

The journey of Open Lending being acquired by Nebula, a special purpose acquisition company sponsored by True Wind Capital, that began back in January climaxed this week as the business combination was approved by Nebula’s shareholders at an “extraordinary” general meeting With the business combination completed, Nebula changed its name to Open Lending, and its […] [Read More]

Brian Skutta, the president of automotive at Spireon, discussed two topics that probably are top of mind at dealerships nowadays. In this episode of the Auto Remarketing Podcast, Skutta described the progress dealerships are making toward more availability of touchless vehicle delivery while at the same time keeping their service drive busy, even if drivers […] [Read More]

Get Spiffy Inc. has launched an e-commerce website for vehicle disinfection products, and the site features products that are hospital-grade and COVID-19 effective. The site, called the Spiffy Disinfection Store, features products that are also safe for frequent use on the interior and exterior of vehicles, said Scott Wingo, who is chief executive officer for […] [Read More]

Both Used Car Week and the National Automotive Finance Association recognize that hosting industry events in a COVID-19 era requires extra efforts to make highly desirable learning and networking programs as safe and successful as possible. With those unique circumstances in mind, the organizations announced today that the annual Non-Prime Auto Financing Conference will take […] [Read More]

On the surface, launching an initial public offering during a pandemic, with entire markets and industries only just beginning to restart, may seem like a head-scratcher. But for an ecommerce company in an asset-heavy, traditionally brick-and-mortar-based industry like automotive retail, it might make total sense. It did for Vroom this week. On Monday, the online […] [Read More]

In this episode of the Auto Remarketing Podcast, Cherokee Media Group president Bill Zadeits chats with John Mathiowetz of IAA. They talk about how IAA has weathered the pandemic, the acceleration of the transition to IAA's 100% digital platform, IAA's marshaling services during the pandemic, views of the wholesale market and more. To listen to […] [Read More]