In a continued effort to provide a most compliant financing solution, Vergent Loan Management Software recently announced a partnership with Carleton for consumer loan calculation support. Vergent has been providing financial management software since 2006. Formerly eSoftware Solutions, the company offers a web-based loan management software solution that encompasses loan origination, loan servicing, marketing, reporting […] [Read More]

Whether a consumer is buying a personal care item costing just a few bucks or financing a vehicle purchase involving thousands of dollars, Experian insisted that digital commerce has changed the way consumers interact with businesses. Experts see how commerce is moving from face-to-face transactions to anonymous relationships built on trust. Difficult to achieve and […] [Read More]

Since blockchain is establishing its presence in the automotive sector, strategy and marketing consultancy Simon-Kucher & Partners projected after dissecting recent study findings that the revenue potential for this technology could ramp up to be nearly $120 billion by 2030. Simon-Kucher orchestrated a survey to delve deeper into what’s prompting car owners and other road […] [Read More]

At KAR Auction Services, the widespread and varying investments it has made to adapt to the digital transformation in wholesale are multi-faceted.  They have included the purchases of companies in the digital space (TradeRev), data and analytics (DRIVIN), international (CarsOnTheWeb) and mobility (STRATIM). And then integrating those systems. Through all of it, they’ve strived for […] [Read More]

There wasn’t any “grand announcement” from Cox Automotive when Sandy Schwartz took the floor at an NADA Show 2019 press conference here late last month. Rather, Cox Automotive was touting a range of projects in the hopper designed to “make a difference in the future of dealers,” said Schwartz, the company’s president. “One is digital wholesaling,” […] [Read More]

Automotive logistics provider ACERTUS has promoted Rich Pinnock to the position of senior vice president of Drive Away and Alisha Buelt to vice president of strategic services. Pinnock will lead the Drive Away division in the United States and Canada for ACERTUS. He is a nearly 20-year veteran of the logistics and fleet management industries, with experience in key […] [Read More]

NIADA’s executive committee dramatically changed to begin the second month of the year. Late on Friday afternoon, the National Independent Automobile Dealers Association said it received an official notice of resignation from its president, Andy Gabler, dated Thursday, effective immediately. In accordance with NIADA bylaws, Henry Mullinax of Mullinax Auto Sales in Oxford, Ala., has […] [Read More]

Global online vehicle auction company Copart has opened its newest South Carolina location. The new, 53-acre facility at 120 Commerce Ave. in Harleyville, S.C., is located close to Charleston. The opening follows what Copart chief executive officer Jay Adair described as the success of Copart’s Spartanburg location. Copart North Charleston general manager DaNeisha Mack said in a news release, […] [Read More]

With Carvana's two January announcements of its continued growth, more residents of New York and Georgia will be able to use the company's vehicle buying, selling, financing and other services. The company announced on Jan. 30 that it has launched in five New York markets: Rochester, Buffalo, Syracuse, Binghamton and Albany. That news follows Carvana’s Jan. 16 announcement […] [Read More]

RVI Group examined the wholesale market in both the United States and Canada for the latest installment of the RVI Risk Outlook, spotting similar trends in both countries and comparable forecasts looking ahead toward 2020. Beginning first in the U.S., report indicated December real used vehicle prices — seasonally adjusted for 2- to 5-year-old units […] [Read More]