Perhaps winter isn’t quite finished yet in the auction lanes. This week’s Market Insights report from Black Book contained emphasis on the stabilization of retention heading into late winter as certain vehicle segments triggered noteworthy activity as dealers looked to shore up inventory for potential buyers using tax refunds toward a purchase. “With no early signs […] [Read More]

Haig Partners acted as the conduit for a pair of Texas Toyota stores to change ownership. The firm represented Jerry Durant on the sale of Durant Toyota of Weatherford, Texas, and Jerry Durant Toyota of Granbury, Texas to the Shottenkirk Automotive Group. Founded in 1964, Shottenkirk Auto Group has grown to 15 dealerships in five […] [Read More]

Updating one of the developments from this previous Auto Remarketing report, RumbleOn late on Tuesday afternoon announced the closing of its previously announced underwritten public offering of 1,276,500 shares of its Class B Common Stock at a price of $5.55 per share. The e-commerce company whose mission is to simplify how dealers and customers buy, […] [Read More]

Whether it’s during company conference calls or coffee-shop chatter, many individuals with an interest in auto financing are keeping a close watch on this tax season, especially in light of the longest government shutdown already unfolding to begin 2019 and elected lawmakers continuing to squabble to keep agencies like the Internal Revenue Service fully functioning. Credit […] [Read More]

GM Financial is enhancing its efforts to ensure the individuals signing contracts with the captive are in fact who they say they are. This week, GM Financial announced its collaboration with Spring Labs as part of its Spring Founding Industry Partners (SFIP) Program, which is geared to drive improved data management standards to help address […] [Read More]

LMP Automotive Holdings (LMP) and DriveItAway are working together to get vehicles to drivers who are working for Uber and Lyft. LMP has made its vehicles available on the DriveItAway platform to Uber and Lyft drivers in Florida. DriveItAway is a unique “one-stop” shared mobility application for dealers. DriveItAway App users can now subscribe to […] [Read More]

Black Book’s dealer-focused subscription application, Black Book Cherry, helps dealers identify the most desirable vehicles at auction, and it provides valuation and appraisal functionality. Black Book announced Monday that Black Book Cherry would replace Black Book Digital as the company’s flagship mobile app and that it would feature new enhancements such as the ability of users […] [Read More]

Zubie, a connected-car platform and telematics data insights provider, says its end-to-end connected-car technology has delivered real-time information about vehicles and drivers since 2012 to help businesses manage and optimize their fleets. Seeking to fuel growth in the fleet sector and to introduce new verticals with its connected-car products, the company noted on Thursday that […] [Read More]

Manheim has seen how consumer brands such as Amazon and Netflix have increased customer engagement by deploying personalized services. Now, Manheim is following that example to enhance its own offerings, like its mobile app and Simulcast service. In other Manheim news, the company is now integrating with vAuto’s Provision to help dealers value consumer trade-ins and […] [Read More]

During the Vehicle Finance Conference hosted by the American Financial Services Association this past January in San Francisco, Nick had the opportunity again to sit down with Kyle Birch, executive vice president and chief operating officer for North America at GM Financial. The wide-ranging conversation covered not only how GM Financial performed in 2018, but […] [Read More]