Investors love growth, and as we approach the longest sustained period of growth in the history of the United States, the business climate has been almost unprecedented. The Dow Jones Industrial Average is hovering around record highs and unemployment is at its lowest level in nearly two decades.  These robust economic conditions have supported and […] [Read More]

Texas is the latest state for CarMax’s home delivery and expedited pick-up capabilities. In Texas, customers can now choose to experience the entire car-buying process from home and get delivery of the vehicle, with the ability to test drive prior to purchase. Texas joins Florida, Georgia, Maine and North Carolina, as well as select cities in […] [Read More]

The philanthropic efforts by AUL Corp. recently generated a new milestone. The F&I product provider announced earlier this week that its employee-run charitable giving committee has just surpassed $500,000 in contributions since 2012. The committee comprised of non-management employees was established in 2012 to foster and enhance the firm’s connections with the local community. Yet, […] [Read More]

Collections agents, skip-tracers and other personnel associated with repossessions and recovery will have to wait a while longer for a federally operated database of reassigned phone numbers to become available. Despite objections from a private sector company, an order released by the Federal Communications Commission last week said the regulator’s Consumer and Governmental Affairs Bureau […] [Read More]

Westlake Financial Services recently made inroads into Canada. On Tuesday, the finance company turned its attention back to the United States to grow its refinancing operations. Subsidiary Westlake Direct announced a partnership with CarFinance to purchase auto refinance loans originated through the CarFinance platform. The companies explained CarFinance will market to customers and originate all […] [Read More]

ACV Auctions says its rapid U.S. growth continues, with west expansion from Texas to California proceeding ahead of plan. The company has doubled its Texas footprint in one year. To keep pace with that growth, the company says it is placing top talent on its roster, and on Tuesday ACV announced it has hired Doug […] [Read More]

Text communication is on the rise. To connect with consumers outside of the dealership, dealers can no longer rely on e-mail alone, according to auto dealer service department software company Xtime. To communicate, consumers use email and many other channels, according to Xtime. If dealers ignore one or more of those channels, they could lose […] [Read More]

Ryan Davis says his company built its inventory finance business line Float by BacklotCars to be “a more transparent and flexible way to pay for inventory.” “The ability to give dealers a more personalized experience will help us further our mission to make wholesale easy,” Davis, who is BacklotCars’ co-founder, said in a news release. […] [Read More]

Cars.com says it is continuing its “clean SEO strategy” and mobile-first product development approach, and because it says the majority of car shoppers are browsing on the go, Cars.com continues to invest in mobile. Cars.com, a digital marketplace provider, says that investment is fueling its audience growth, and the company announced on Monday that it […] [Read More]

vAuto founder and Cox Automotive executive Dale Pollak joins the Auto Remarketing Podcast and talks about his upcoming fifth book, which will discuss the "fundamental flaw" in how "every dealer" manages and prices used-car inventory. "Now I realize that that's a pretty bold claim," Pollak said. "But I'm 100% positive, and, in fact, I'm capable […] [Read More]