AutoFi, an online point-of-sale financing solution meant to leverage potential buyers’ interest when they’re on the dealership website, recently announced that it raised $17 million in new financing and is live in the market.  Crosslink Capital led the investment and was joined by Lerer Hippeau Ventures, Bruce Toll, founder of Toll Brothers, and other early […] [Read More]

Alliance Inspection Management has hired Jeff Gaetz as vice president of auction operations. Gaetz will oversee and manage all of AiM’s vehicle inspection operations at auction sites throughout the United States. He also will manage AiM’s nationwide network of auction inspections and operations as well as supporting customer relationships throughout the U.S. and Canada. Additionally, he […] [Read More]

ServNet has added another auction to its ranks and brought on two additional board members, the auction group announced Monday. Following the spring meeting of ServNet owners, president Kevin Brown said that North Bay Auto Auction had joined the group. “I am very pleased to report that ServNet will be represented in Northern California by […] [Read More]

Car dealer review website DealerRater announced the release of the iOS version of the DealerRater for Dealers App. The app, part of the company’s CertifiedEssentials reputation-management program, helps dealership employees sell more cars by connecting them directly with shoppers who are deciding where to purchase a vehicle. The DealerRater app facilitates online conversations between buyers […] [Read More]

On a Monday in late April 2015, Auction Direct USA announced that it was partnering with the National Independent Automobile Dealers Association to offer NIADA Certified Pre-Owned vehicles at its stores. A few days later, NIADA and Auction Direct leaders gathered at the latter’s Raleigh, N.C., store for a ceremony to celebrate the partnership. Auction […] [Read More]

ADESA chief economist Tom Kontos dipped into his vast vocabulary to arrive at an adjective to describe what the company’s latest data indicated about the wholesale market. Kontos came up with a word that might be in your child’s next spelling bee — bifurcated. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle […] [Read More]

LotVantage, a provider of digital marketing solutions for automotive, marine, powersports, RV, trailer and outdoor power equipment dealerships, promoted Jim Jabaay to vice president. In an announcement on Friday, the company recapped that Jabaay joined LotVantage in late 2014 to operate the company’s sales and marketing teams. The company highlighted that his experience in the automotive […] [Read More]

One U.S. House Financial Services Committee member who possesses four decades of experience in the automotive space this week tried to pin down an outspoken advocate of the Consumer Financial Protection Bureau’s proposal that would prohibit mandatory arbitration clauses, alluding to the potential that modified policies might do more for plaintiff lawyers than consumers’ possible […] [Read More]

The Enterprise Rent-A-Car Foundation has renewed its $1 million pledge to the American Red Cross’ Annual Disaster Giving Program. Additionally, the philanthropic arm of Enterprise has pledged $100,000 to the Canadian Red Cross to assist with relief efforts in the wake of the Fort McMurray, Alberta, wildfires. This second annual $1 million contribution to the […] [Read More]

The Consumer Bankers Association is hosting a webinar featuring auto finance experts from Equifax and Moody’s Analytics. CBA officials said attendees can expect three main takeaways from the session, which is titled “Automotive Credit Trends and Lending Solutions to Improve Your Competitive Position in the Market." —The latest automotive economic credit trends presented by Moody's —Auto […] [Read More]