Enterprise dealer management system company DealerBuilt has partnered with private equity firm ParkerGale Capital, a move that DealerBuilt says will accelerate the release of in-demand technologies such as an F&I e-signature platform and a corporate electronic document management system. DealerBuilt, formed in 2008 to bring to market an enterprise DMS for automobile dealer and dealer […] [Read More]

Service and software company AutoTec has promoted Charlie Adams to senior vice president and chief operating officer of AuctionACCESS. Adams, who joined the AutoTec team in 2011 and most recently served as vice president of business development for the AuctionACCESS product, will manage daily operations of the AuctionACCESS platform including its sales and customer support […] [Read More]

A new report from eLEND Solutions asks the question: Is digital retailing promising more than it can deliver? And Nick posed more questions to eLEND Solutions chief executive officer Pete MacInnis about this report and more for this Auto Remarketing Podcast episode recorded during NADA Show 2019. MacInnis explained during the conversation that although digital […] [Read More]

National Automotive Finance Association executive director Jack Tracey nicely summarized developments coming from the Federal Reserve last week. After making multiple upticks in interest rates last year, the Federal Open Market Committee (FOMC) decided to maintain the target range for the federal funds rate at 2.25 percent to 2.50 percent. And Fed chair Jerome Powell […] [Read More]

College students from across the country are heading to Detroit this Friday through Sunday for a chance to make their entrepreneurial dreams come to life. Ally Financial has teamed up with fellow Motor City native, entertainer and entrepreneur Sean “Big Sean” Anderson and the Thurgood Marshall College Fund (TMCF) to create Moguls in the Making […] [Read More]

For the second time this quarter, two major participants in the financial services and payments spaces made moves to merge. In January, Fiserv and First Data Corp., announced that their boards of directors unanimously approved a definitive merger agreement. Then last week, FIS and Worldpay also announced that they have entered into a definitive merger […] [Read More]

AutoNation Honda Hollywood has taken many steps to lower its energy costs and reduce its environmental impact in the community. Some of those steps include installing energy-efficient lighting and HVAC systems and state-of-the-art LED lighting in the interior and exterior of the dealership. Because of actions like that, AutoNation Honda Hollywood has been named a […] [Read More]

Data from the first two months of the year prompted J.D. Power Valuation Services to revise its wholesale price forecast for 2019. And depending on the state of your dealership, the updated prediction could be valuable information to help sharpen your used-car strategy. “With January and February’s weaker-than-expected performances, 2019’s outlook has worsened,” J.D. Power […] [Read More]

Yes, you’re correct. There are more vehicles flowing down the lanes nowadays. J.D. Power Valuation Services reported in the latest edition of Guidelines that auction volume in February for units up to five years in age increased by 7.3 percent year-over-year. As a result, analysts determined year-to-date wholesale volume is now 9.1 percent above the […] [Read More]

Projecting residual values is a complicated process made even more intense with the depth of features and technology in new vehicles coupled with other market factors in play. Describing how ALG handles those challenges, Nick connected with vice president strategic initiatives Alain Nana-Sinkam for a discussion during NADA Show 2019 about the future of residual-value […] [Read More]