On Friday, FactorTrust announced the addition of Lobel Financial to its growing list of financial service companies implementing its alternative credit data into their credit decisioning process. Lobel Financial, a finance company specializing in purchasing and servicing vehicle installment contracts from independent and franchised dealers, is using FactorTrust data in a custom scorecard to augment […] [Read More]

Earlier this summer, CarGurus released a study in the U.S. showing that for some used-car shoppers, it actually makes more financial sense for them to take a flight to a city where car prices are considerably less expensive. As it turns out, that was also the case for some shoppers in Canada.  Again, CarGurus said […] [Read More]

Bringing nearly 30 years of experience with him, Jerry Kroshus has been named president and chief executive officer of Auto Approve, a refinance company that specializes in helping consumers find the best possible vehicle interest rates through its national network of credit unions, banks and finance companies. Kroshus began his career at GMAC in 1989 […] [Read More]

In this week's episode, Logan Keirstead and Sean Liptay of Accu-Trade join the show. They chat with Joe about their company's momentum, building a wholesale brand and more. 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 below. All episodes can be found on our Soundcloud […] [Read More]

Bringing nearly 30 years of experience with him, Jerry Kroshus has been named president and chief executive officer of Auto Approve, a refinance company that specializes in helping consumers find the best possible vehicle interest rates through its national network of credit unions, banks and finance companies. Kroshus began his career at GMAC in 1989 […] [Read More]

MyDealerOnline, whose software lets dealers take wholesale vehicles and places them on the dealership websites, recently announced that Ben Franklin Technology Partners of Southeastern Pennsylvania has invested in the company to bring more exposure to its multi-faceted dealership solution platform. Executives highlighted the late seed round will make it possible for auctions on MyDealerOnline.com to […] [Read More]

Sixty-eight percent of dealers either aren’t effectively using or simply are not using marketing attribution to gauge the results of their advertising campaigns, according to a recent study by Clarivoy. The marketing technology firm’s latest study, the 2017 State of Automotive Attribution Report, examines the current state and usage of marketing measurement among retail dealers. Clarivoy's findings […] [Read More]

Potential problems with vehicle documentation and state tax collection could cost a Kentucky dealership more than $1.1 million in restitution. Kentucky attorney general Andy Beshear filed a lawsuit on Wednesday in Fayette Circuit Court against The United Group, which operates as Auto Plaza USA, a large independent dealership in Nicholasville. The lawsuit is charging the […] [Read More]

An online automotive marketing operations based in The Netherlands and out to serve the Canadian, Latin American and European markets made a move to strengthen its North American footprint. In order to accelerate its development and strengthen its Canadian market presence following the acquisition of DEALERCITY CANADA, Dutch company DEALER Corp. has purchased the trademarks […] [Read More]

Mercedes-Benz Canada recently announced that Groupe Park Avenue automobile consortium acquired Mercedes-Benz de Quebec, the dealer group’s second Mercedes-Benz franchise purchase. Groupe Park Avenue acquired its Silver Star Montreal dealership just last year. The group purchased Mercedes-Benz de Quebec from Chatel Automobiles Ltee, which operated the dealership for almost six decades. Maurice Parent, owner of Chatel Automobiles […] [Read More]