Open Lending recently shared how successful 2019 was for the firm that strives to help finance companies take prudent risk in the subprime space. The provider of a unique auto lending enablement platform with default insurance signed 77 new finance companies to its Lenders Protection program in 2019. According to a news release, notable finance […] [Read More]

When Fraser McCombs Capital, an investment firm in the auto technology and mobility space, started nearly a decade ago, “a lot of people thought we were crazy,” says managing partner Chase Fraser. “Auto tech didn’t exist, really,” Fraser said in a phone interview. “I’d raise money and people said, ‘well, are you going to go […] [Read More]

Jim Koons has long performed philanthropic work for Catholic Charities. Each year, Koons of Koons Ford in Falls Church, Va. provides gift cards to homeless people who attend a Thanksgiving and Christmas program for the displaced. He also makes financial contributions to a local Catholic high school, where he and his family attended. Those are […] [Read More]

By now, the elaborate exhibit hall booths have been deconstructed, and many NADA Show 2020 attendees have taken cars and airplanes back to their dealerships and offices after traveling for the annual gathering of the National Automobile Dealers Association. NADA 2020 chairman Rhett Ricart offered a simple message with the intention of it lasting much […] [Read More]

Through a new integration between transportation provider ShipYourCarNow and online used-car auction E-DealerDirect, shipping services are now embedded within the E-DealerDirect site. E-DealerDirect says it has a strong presence in the Southwest, with a focus on front-line units from various sellers. The company provides an auction marketplace that it says helps buyers and sellers control the […] [Read More]

automotiveMastermind, a provider of predictive analytics and marketing automation products for dealerships and manufacturers, said on Thursday that all major OEMs now have access to its Market EyeQ sales platform. In addition to servicing all major OEMs, representing 30 brands, the company said it is expanding its service-to-sales offering with CDK integration. automotiveMastermind’s ability to […] [Read More]

Customers using the AutoNation Connected Car Program have access to safety services such as crash alert and vehicle health notifications in vehicles without built-in connectivity when choosing AutoNation to purchase their vehicles. The AutoNation Connected Car Program is powered by Automatic Labs’ in-vehicle adapter and app, and the program initially launched last April at five AutoNation […] [Read More]

As part of our annual Best CPO Dealers in the USA issue – which includes a brand-by-brand ranking of the top dealers for certified pre-owned sales in 2019 — Auto Remarketing connected with several of these top-selling dealers and asked them about the strategies that made them so successful in the CPO market. Here is what […] [Read More]

Craig Peters became Byrider chief executive officer in June 2017. Two years later, the company put in motion a series of changes and improvements. “We rebranded the business, and we really wanted to make sure that we were in a position to really live up to the brand,” Peters said during a phone interview with […] [Read More]

While the composite reading might be in the midst of rising for three consecutive months, the auto portion of the S&P/Experian Consumer Credit Default Indices posted a decrease to begin 2020. On Tuesday, S&P Dow Jones Indices and Experian released data through January, and analysts found the auto-finance default rate dropped 3 basis points on […] [Read More]