Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2020, EBlock and EDealer CEO Jason McClenahan explains how digital and brick-and-mortar can complement each other in the wholesale marketplace. Plus, McClenahan shares an update on the integration between EBlock and remarketing technology provider Auction Edge, which gives independent auctions an avenue into […] [Read More]

Tom Kontos succinctly summarized his opinion about how the wholesale market behaved to begin 2020. “The new year started with a bang as wholesale used vehicle prices were up on both a month-over-month and year-over-year basis in January,” the KAR Global chief economist said in his latest installment of the Kontos Kommentary. “Just as in […] [Read More]

The Daytona Coupe is a Factory Five replica of the original 1965 World Championship Daytona Coupe. Automotive lifestyle company Hagerty owns the vehicle and says it “captures the look and feel of the original 200 mph GT cars.” But it says that like all Factory Five designs, the vehicle is “more reliable and comfortable.” Now, […] [Read More]

CARFAX not only wants to help consumers find a vehicle that’s right for them. The vehicle history provider is aiming to be of aid to insurance companies thanks to a sharpened version of its offerings. CARFAX highlighted this week that it now can help insurers more precisely identify a specific vehicle’s trim level and installed […] [Read More]

Digital Air Strike rolled out two new tools earlier this month, one specifically aimed at shortening the time of vehicle delivery when financing is involved. After 10 years of monitoring and managing consumer sentiment, Digital Air Strike said it has identified one of the most challenging parts of the in-store experience for consumers is going […] [Read More]

Friday is Feb. 28, but it’s not the last day of February as 2020 is a Leap Year, adding an extra day in the second month of the year. To help finance companies consider an array of potential issues stemming from this circumstance that happens every four years, Carleton compliance associate Brian Kelly addressed three important questions. […] [Read More]

Dealerships and finance companies now again can cater to servicemembers and their families just like any other civilian customers who finance a vehicle purchase. According to a news release distributed on Thursday afternoon, the U.S. Department of Defense has granted a joint petition filed by the National Automobile Dealers Association (NADA) and the American Financial […] [Read More]

Sonic Automotive will locate a dealership and regional headquarters for EchoPark Automotive in Duluth, Ga. A news release this week from Georgia Gov. Brian Kemp said Sonic is investing $20 million in the project. EchoPark Automotive locations specialize in pre-owned vehicles. For the company’s EchoPark brand, the new facility will serve as a regional headquarters, […] [Read More]

Axis Auto Finance closed the second quarter of its 2020 fiscal year with a pair of records, aided in part by its partnership with Westlake Financial Services and Nowcom Corp. forged last September. The publicly traded subprime auto finance company reported this week that its quarterly revenues jumped 13% year-over-year to a record $9.2 million. […] [Read More]

Recent efforts by the Arizona Independent Automobile Dealers Association in conjunction with state authorities resulted in a reduction of a notable threat to independent operators — curbstoning. According to a news release from the Arizona Department of Transportation (ADOT), state investigators have broken up what they called a “major” criminal operation based in the East […] [Read More]