More industry consolidation came to light on Wednesday as Realtime Electronic Payments (REPAY) made another acquisition. The provider of advanced payment technology products and electronic transaction processing services for the consumer finance industry has acquired PayMaxx Pro, an electronic payments provider to the automotive industry. “This acquisition expands our footprint in the automotive industry and […] [Read More]

Mike Stanton, a longtime executive with what is now known as J.D. Power Valuation Services, is back with the National Automobile Dealers Association. NADA said Wednesday that Stanton has been named its senior vice president and chief operating officer. “I am excited to be back at NADA and have the opportunity to enhance existing relationships […] [Read More]

Reviver Auto, creator of the “RPlate” digital license plate, announced Wednesday that it has closed an $11.1 million funding round led by Australian-based ACK Group and made two additions to its board of directors, including Stephen Polk, former chairman of R.L. Polk and Carfax. The new funding, which includes participation from WRV and several strategic […] [Read More]

Hundreds of independently owned, non-chain auto auctions dot the U.S. landscape, each a unique business unto itself. As is the case in many industries, an individually owned auto auction often faces a different set of challenges than, say, a corporately owned business or chain of businesses. Keeping up with evolving and rapidly scaling technology on a […] [Read More]

In my more than 15 years in the auto industry, I’ve seen various ups and downs in the market as well as both wild optimism and doom and gloom. We’ve experienced record-breaking new-car sales the last few years, and as we dive deep into 2018, most dealers are optimistic that we’ll continue to enjoy strong […] [Read More]

Japanese brands produce the most models that owners keep for 15 years or longer, according to a new study by iSeeCars.com. The study found that 14 Japanese models and one German import are at least 1.6 times more likely than average to be kept by the original owners for 15 years or more. Toyota dominates […] [Read More]

Cox Automotive announced Tuesday that it has promoted Zach Hallowell to vice president of Manheim Digital Marketplace and RMS Automotive, and expanded the role of Derek Hansen as vice president of offsite solutions. Hallowell has extensive experience in the global wholesale automotive industry, which includes over 15 years spent developing and evolving SaaS platforms to […] [Read More]

Though it doesn’t seem that long ago, I wrote a blog post in May for our Used Car Week website that explained the new-and-improved agenda format for the weeklong conference series. Included in that new Used Car Week format was the CPO Forum transitioning into the Pre-Owned Con. Essentially, we adapted the certified pre-owned conference into […] [Read More]

AutoGravity, which gives potential car buyers across the U.S. the ability to obtain up to four personalized financing offers on their mobile device, landed another partnership with a captive finance company. Having relationships with Volkswagen and Hyundai already in its portfolio, AutoGravity on Tuesday announced a partnership with Audi Financial Services, the financial services affiliate […] [Read More]

The American Bankruptcy Institute looked over the numbers and found that total filings for 2017 dipped 1 percent compared to the previous year, extending a streak of consecutive year-over-year declines that stretches back to 2009. According to data provided by Epiq Systems, total bankruptcy filings decreased slightly to 766,698 nationwide for the calendar year, landing […] [Read More]