LotLinx named Sean Peoples as chief revenue officer. Peoples was previously with CarGurus for six years, and he worked with founder Langley Steinert to build and grow the sales team at that company. Prior to that, Peoples led Edmunds’ move to direct dealer sales, tripling that business line’s revenue in the first 12 months of […] [Read More]

At the touch of an app with the Porsche Passport monthly subscription plan, members get unlimited swaps between models. Porsche Passport conducted a U.S. pilot program in Atlanta and will expand to Las Vegas, Phoenix and San Diego. Now, the exclusive monthly subscription is available in Toronto through Porsche Cars Canada. Porsche Cars Canada says it will […] [Read More]

HGreg.com president John Hairabedian says his dealership group is committed to Florida. An example of that commitment came on Tuesday, as HGreg.com announced it has acquired a new location in West Palm Beach. Construction has already begun on the 9.7-acre property close to Palm Beach International Airport. The site will become the future home of […] [Read More]

Using blockchain to compute residual values appears to be unfolding in China with a high-line brand that often heavily depends on the metric. According to a recent news release, PlatON has developed a bespoke blockchain-based vehicle residual value management platform for the used-car business line of Beijing Mercedes-Benz Sales Service Co. (BMBS). Officials with the global privacy-preserving […] [Read More]

A recent survey by Synopsys further reinforced the challenge the financial services industry is having with maintaining its cybersecurity and other matters related to fraud and the compromising on consumer data. Based on a survey of global financial services organizations conducted by Ponemon Institute, Synopsys’ report highlighted the industry’s security posture and its ability to […] [Read More]

The latest data from Edmunds confirmed that finance companies are trying to hold firm on term, down payment and total amount financed in an effort to remain within their underwriting parameters and mitigate risk. Edmunds’ August data did show some marginal rises in term and total amount financed year-over-year for used-vehicle and new-vehicle financing, but […] [Read More]

Just like the concept of the four square and first pencil helped dealership personnel explain financing details to potential buyers with paper and writing utensils, the latest solution from Darwin Automotive is using some of the same fundamentals while leveraging current technology. This week, the F&I software provider announced the release of a next-generation tool […] [Read More]

Jessie Herdrich, who is vice president of compliance at PAR North America, joined the Auto Remarketing Podcast at the Automotive Intelligence Summit this summer in Raleigh, N.C., where she led a presentation on "Ensuring Compliance in a Data-Driven World." The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  […] [Read More]

Black Book’s team of analysts are looking to see how much used metal dealerships turned during Labor Day weekend to get a better handle on how wholesale prices might move during the remainder of the year. Heading into the holiday sales stretch, the Black Book Market Insights report showed wholesale values didn’t change much as […] [Read More]

According to a news release distributed on Tuesday, Affinitiv and AutoLoop announced that they have received all customary regulatory approvals and that the merger of the two providers of data-driven marketing automation and software solutions is complete. Officials said the combined company will operate under the Affinitiv brand name and will be headquartered in Chicago, […] [Read More]