Search Optics, a provider of digital marketing services to the automotive industry, has hired Ryan Soffa as vice president of global enterprise solutions. Soffa, who has more than 20 years of auto industry experience, will help further expand Search Optics’ international reach by helping auto dealerships strengthen their retail business.  “During his extensive experience in […] [Read More]

Released a day after AutoData Corp. indicated April new-vehicle sales rose both sequentially and year-over-year, Black Book released results of its recent survey taking the pulse of the finance company community. And that community is pretty upbeat about its prospects for continuing to fill portfolios. A total of 61.29 percent of finance company executives surveyed […] [Read More]

Top executives at Security National Automotive Acceptance Co. (SNAAC) highlighted how they are executing an aggressive growth plan based on a strategy to add a significant number of dealership customers throughout the United States. To accomplish these goals, SNAAC recently bolstered its workforce with the appointment of two senior-level leaders and the addition of 11 […] [Read More]

Children with life-threatening illnesses will see some of their wishes come true thanks to the generosity of Texas dealers who attended a gala hosted by Texas Lone Star Auto Auction. The fundraising sale, which featured vehicles from TLSAA’s local dealerships, raised nearly $16,000 for Make-A-Wish North Texas, which will use the money to help make […] [Read More]

Revenue- and retention-building prepaid maintenance software Fidelis PPM acknowledged that more than 100 companies came to this year’s NADA Convention & Expo to marketed products and services aimed at making fixed operations more efficient and profitable.  Fidelis PPM said that the big question coming out of the dealer gathering in Las Vegas was this: did dealers […] [Read More]

DRIVIN, an online solution that aims to help dealers secure pre-owned cars at wholesale prices, teamed up with Experian Automotive on Tuesday to enable its dealer partners to utilize AutoCheck vehicle history reports. The company explained that dealers who work with DRIVIN to source and acquire inventory for their lot will have access to the […] [Read More]

About two years ago, Carfax launched Used Car Listings, the vehicle history report provider’s foray into showcasing dealership inventory directly to consumers. The company explained how the successes of that endeavor propelled Carfax into position to launch a vehicle value tool this spring. During a conversation with Auto Remarketing at the NADA Convention & Expo, […] [Read More]

Stop me if you’ve heard this one before: there’s a massive amount of used-car supply hitting the market this year. But the gobs of pre-owned inventory, particularly the off-lease variety, is a big story. And perhaps it gets oodles of attention because of just how stark the contrast is to a few years ago, when […] [Read More]

 Sandy Schwartz was taking an Uber. The Cox Automotive president asked the driver, how many miles do drive each year? “And he says, ‘Well, I used to drive 10,000 miles, but now that I’m doing this, I’m driving 30,000 miles,’” Schwartz said. The lightbulb goes off: two big potential business-generators there. “One is, he’s going […] [Read More]

Though it’s a bit early to tell how increasing off-lease volume impacted certified pre-owned sales in April, the gains have certainly pushed CPO sales in recent years and so far in 2016. But keep this in mind, Kelley Blue Book’s Alec Gutierrez said during a teleconference with reporters on Tuesday: Extra off-lease supply can be […] [Read More]