Two major players in the used-vehicle industry have announced sponsorship in the sports arena – but with very different approaches. CarGurus is going the high-profile route, signing on as a founding partner of Boston Common Golf, a team in the made-for-TV virtual golf league TGL that features major champions Rory McIlroy, Hideki Matsuyama, Adam Scott […] [Read More]

DealerOn is joining forces with Lyteflo to add some juice to electric vehicle merchandising for dealerships. The marketing service providers said this partnership puts Lyteflo’s EV merchandising tools in the hands of dealers nationwide, in a move meant to improve the EV shopping experience on DealerOn websites and in the showroom. When added to a […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with an executive panel featuring six leaders from the wholesale market. Sharing their assessment of current conditions and how this year might unfold were: Mike Caggiano, ADESA Jason Ferreri, America’s Group Steve Kapusta, SmartAuction John Mathiowetz, IAA […] [Read More]

Caramel just got a sweet deal. The end-to-end online automotive transaction platform will be acquired by eBay, signing a “definitive agreement” with the global e-commerce marketplace. The deal is expected to close in the first quarter. In a news release, eBay said Caramel’s technology platform provides “a secure and seamless digital transaction experience that handles […] [Read More]

In the competitive world of auto finance, auto lenders face a critical challenge: ensuring that approved loans successfully transition to funded bookings. Surprisingly, the second largest business expense for finance companies isn’t the cost of technology, compliance, or staffing — it’s the lost opportunity from approved loans that are never booked. This gap represents millions […] [Read More]

Hankey Group, through its Hankey Capital, Westlake Financial, and Midway subsidiaries, announced the launch of a Bitcoin Crypto Lending Program aimed at providing real estate and highline vehicle buyers with new financial opportunities using Bitcoin. According to a news release, the Crypto Finance Program lets crypto holders use their Bitcoin as collateral to access full […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Tim Hayden, who is CEO and managing partner of BrainTrust Partners. Hayden explained the complexities of compliance amid the growth of artificial intelligence and how your customers will expect a hyper-relevant and […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with an executive panel moderated by Jennifer Martin of the National Automotive Finance Association. Discussing the subprime market, expectations for this year and more were Doug Busk of Credit Acceptance, Manish Chhabra of Ally and Sharon Mancero […] [Read More]

More synergy in repossession and recovery spaces surfaced on Monday. The American Recovery Association (ARA) and MBSi announced a new partnership providing MBSi users the ability to accept ARA’s Compliance System within its RecoveryConnect platform. The move is meant to give repossession and recovery providers freedom of choice for education and CCRS certifications. “ARA is […] [Read More]

With NADA Show 2025 quickly approaching, the National Automobile Dealers Association is already planning for the future, working on determining the site for the big event … in 2041. “I actually have dates on hold for 2041 that I’m getting ready to lock in,” said NADA senior vice president of meetings, conventions and expositions Melissa […] [Read More]