Among the thousands of companies named on the 37th annual Inc. 5,000 List of the Fastest Growing Companies is this year’s 13th place winner Podium. The communication platform provider is joined by several other auto-related companies, including the likes of PureCars, CARCHEX, Client Command, ClassicCars.com and CarLotz. Auto Remarketing’s Joe Overby spoke with CarLotz chief […] [Read More]

LotLinx has named a new vice president who will develop new AI-based digital advertising solutions for the company. The company announced Wednesday that it has brought aboard Eric Turner from Ford Motor Co., to serve as LotLinx’s VP of product management. “Our goal is to always push forward and find new and exciting ways to help […] [Read More]

Southeastern Auto Auction of Savannah hit the double deuce and celebrated on Aug. 15. Southeastern AA held its 22nd anniversary sale and offered a variety of vehicles from franchised and independent dealers as well as institutional accounts. The auction said a huge crowd was in attendance both in the lanes and online. Dealers enjoyed free […] [Read More]

On the day that Michael Bor found out CarLotz had made this year's Inc. 5000 list, the company was having a team meeting. So, Bor asked members of his squad where they thought CarLotz had placed. Somewhere in the 4,000s, they figured. As it turns out, they were off. By a lot. CarLotz ranked 460th on […] [Read More]

Perhaps the surprising summertime surge in wholesale prices might come to an end before Labor Day arrives. Following a rise in July on par with other industry watchers have seen, J.D. Power Valuation Services is projecting that wholesale prices of vehicles up to 8 years in age are expected to soften by about 0.5 percent […] [Read More]

The deceleration of auto-finance origination stopped in this first quarter, according to TransUnion’s newest Industry Insights Report released earlier this week. But the subprime segment didn’t trigger the change. After six consecutive year-over-year declines beginning in third quarter of 2016, analysts found that auto origination volume turned positive in Q1 of this year. Because originations […] [Read More]

S&P Global Ratings recently offered more analysis as to how it examines subprime auto loan asset-backed securities (ABS) issuers in light of what the firm described as an increasingly noticeable trend. The firm explained that certain U.S. subprime auto loan asset-backed securities (ABS) issuers are reporting more losses later in their transactions' lives than in […] [Read More]

On Thursday, Credit Acceptance Corp. announced the completion of a $398.3 million asset-backed non-recourse secured financing. Pursuant to this transaction, the subprime auto finance company said it contributed installment contracts of a net book value of approximately $500.1 million to a wholly-owned special purpose entity that will transfer the paper to a trust, which will […] [Read More]

The c-level executive team at defi SOLUTIONS now has grown by three members so far this year. The latest addition is Jason Zubrick as chief technology officer. Zubrick comes to defi SOLUTIONS with nearly 20 years’ software architecture experience, most recently at GameStop where he worked for 10 years. The company highlighted Zubrick will be […] [Read More]

Amid the various expectations held by consumers today, dealers can now access a new suite of communications tools that are created to help them work more efficiently and improve car owners' service experience. Dominion Dealer Solutions has introduced an enhanced version of its VUE DMS that is fitted with a selection of newly built-in communications features. This announcement comes just […] [Read More]