Perhaps for about the same amount as the fee you might have incurred using the ride-sharing service during your most recent business trip, you, too, can secure a public share offered by Lyft. In hopes of generating more than $2 billion, Lyft on Thursday announced the pricing of its initial public offering of its Class […] [Read More]

Two more service providers are joining forces to help finance companies navigate the complicated protocols associated with upcoming changes implemented by the Financial Accounting Standards Board (FASB). Equifax and Wolters Kluwer’s Finance, Risk & Reporting (FRR) business are teaming up to provide an end-to-end current expected credit losses (CECL) solution. The companies are combining their respective CECL […] [Read More]

BillingTree created a new executive position and appointed a new chief operating officer this week. Taking on the role is Terri Harwood. In this newly created position, the company highlighted Harwood will lead BillingTree operations during a period of rapid growth. Her experience and extensive expertise complement the company’s continued success in the target verticals […] [Read More]

To give dealers and finance companies insight going into close the first quarter, Nick connected with a pair of experts from J.D. Power for this Auto Remarketing Podcast episode. Thomas King, the senior vice president of J.D. Power’s data and analytics division, dissected the used-vehicle market, while Doug Betts, senior vice president and general manager […] [Read More]

Spencer Scott has joined automotive marketplace CarGurus as senior vice president of advertising and digital marketing solutions. Scott will oversee the company’s global advertising business and will also lead global strategy efforts for the company’s digital marketing products for dealerships. Scott previously led Publisher’s Clearing House’s revenue and media business, and before that he was […] [Read More]

The HGreg Group, which owns three Nissan dealerships in Canada, opened HGreg Nissan Delray Beach on March 6. The Florida location is HGreg’s first new-car dealership location in the United States.  (The group already owns several used-car stores in Florida.) In other dealership news, Jim Ellis Automotive Group in Atlanta acquired Toyota of McDonough in […] [Read More]

Ford autonomous vehicle engineer Leda Daehler remembers having a challenging vehicle shopping experience, searching for a Lincoln MKZ with a tan interior and adaptive cruise control. And Daehler had to drive eight hours to pick it up. Daehler’s fellow Ford engineer Arnold Kadiu experienced similar vehicle-buying frustrations. The two engineers came up with an idea […] [Read More]

Attending high school in St. Louis in the 1950s, former U.S. Congressman Richard Gephardt came of age in the “golden age of automobiles.” The post-World War II period brought about ambitions of vehicle ownership, he said, as well as a practical sense of vehicle know-how, as many could only afford to do auto repair work […] [Read More]

Used cars were always a major point of emphasis for Larry H. Miller. Miller, who founded Utah-based Larry H. Miller Dealerships in 1979, expected his business’ used-to-new vehicles sales ratio to be at 1-to-1. Miller died in 2009, but the company has continued to operate on his philosophy of the importance of used vehicles.   “The […] [Read More]

In an effort to touch on an array of topics within the used-vehicle industry, Nick recently connected with AGORA founder and chief executive officer Steve Burke for a podcast about how the market for bulk portfolio purchases is behaving. With significant experience in the space, Burke discussed how technology is impacting how dealerships and finance […] [Read More]