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]

Tekion executive George Kang been named the first member of The Dave Cantin Group’s newly launched advisory board, the dealership merger and acquisition advisory company announced. DCG said the board will be comprised of automotive experts to help drive the company’s next phase of growth and support new company initiatives. Kang, executive vice president of […] [Read More]

After reaching a “post-pandemic nadir,” wholesale auction sales climbed for the second straight year, jumping nearly 10% in 2024. But with a staggering drop in lease maturities on the horizon, sales are likely to remain static in 2025 before moving up a bit in 2026. That’s according to the latest AuctionNet data and accompanying commentary […] [Read More]

U.S. consumers seeking a more fuel-efficient and cost-effective alternative to traditional gas-powered cars are now looking at hybrids rather than battery electric vehicles, according to a new study by Deloitte. The accounting/consulting firm’s 2025 Global Automotive Consumer Study found American consumer intent to purchase a hybrid or plug-in hybrid for their next vehicle rose 5 […] [Read More]