Joe talks with PureCars chief executive officer Sam Mylrea about the company's rollout in Canada, its inclusion on the Inc. 5000 list, his thoughts on mobility trends and more. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest episode in the window […] [Read More]

Cox Automotive grew again on Monday. The company announced the acquisition of Intersection Technologies; better known in the aftermarket industry as F&I Express. Management said the deal furthers Cox Automotive’s mission to transform the way the world buys, sells, owns and uses cars. While specific financial terms of the deal were undisclosed, Cox Automotive mentioned […] [Read More]

A new alternative used-vehicle sourcing service is testing the market in Chicago. Swap Motors launched with an initial physical and virtual auction site in suburban Skokie. Chief executive officer Alex Johnson described Swap Motors as a private-party inventory source, primarily for independent dealers. Though originally launched in 2016 as a peer-to-peer site for consumers to […] [Read More]

Have you registered for Used Car Week yet?  If not, make haste.  We will be publishing the list of 2018 Used Car Week registered attendees (so far) on Wednesday, and we want to make sure your name is included.  Our 2017 attendee list included 1,477 professionals from across a broad range of automotive sectors. Last year’s group included […] [Read More]

When roughly 70 percent of its applications resulted in turn downs, Prestige Financial Services responded by taking a significant step toward using machines instead of human manpower to examine applications and finalize underwriting. ZestFinance, a leading artificial intelligence (AI) software company that uses machine learning to vastly improve credit underwriting, recently announced a partnership with […] [Read More]

As the firm itself pushes additional resources into its blockchain division, KPMG pinpointed how much fintech investment grew during the first half of this year. According to KPMG’s Pulse of Fintech report, investment in U.S.-based fintech companies surged to $14.2 billion across 427 deals during the first half of 2018 as investors poured money into […] [Read More]

HyreCar added another executive to its leadership team this week. The carsharing marketplace for ridesharing announced the appointment of Scott Brogi as its chief financial officer, effective Thursday. Brogi previously led finance and operations for Teaching Channel, which was successfully sold earlier this year. “We look forward to leveraging Scott’s deep experience and financial acumen,” […] [Read More]

It’s been about two weeks since Hurricane Florence lashed the Carolinas with rain measured in feet in some places. Now the task given to the wholesale industry — contending with flood-damaged vehicles — is gaining steam. To accelerate catastrophe response in the Carolinas and Virginia, Insurance Auto Auctions (IAA), a business unit of KAR Auction Services, announced […] [Read More]

One of the presenting sponsors of Used Car Week 2018 recently collected another accolade. Jayne Bronchetti, president of Millennium Capital and Recovery Corp., has been named one of Profiles in Diversity Journal’s Women Worth Watching for 2018 based on her lifelong pursuit of equality in the workplace at public and private companies. Along with Bronchetti, […] [Read More]

Familiar names now have new roles at Sonic Automotive. This week, the publicly traded dealership group announced that its board of directors has elected David Smith as chief executive officer and Jeff Dyke as president, both effective as of Tuesday. Sonic also said Scott Smith, the company’s co-founder, resigned as chief executive officer and president […] [Read More]