A new dealer survey from eLEND Solutions showed how much dealerships have changed their views about operational technology for financing and more in recent months. The majority of dealerships are less likely to want their dealer management system (DMS) to handle most of their sales and finance processes today than they were before the recent […] [Read More]

Solifi, a global fintech software partner for secured finance, announced on Wednesday that it will receive a “majority” investment from TA Associates, a leading global private equity firm. While financial terms of the transaction were not disclosed, a company news release indicated existing investor Thoma Bravo, a leading software investment firm, will continue to maintain […] [Read More]

What’s in a name? Alison Anziska, Edmunds’ senior vice president of marketing, answers that question in an episode of the Auto Remarketing Podcast about a new advertising campaign featuring athletes bearing a similar name to the company. The car-shopping platform recently announced the launch of a new sports-themed advertising campaign called “Name of the Game,” […] [Read More]

Oral arguments in the legal challenge to the Combating Auto Retail Scams (CARS) Rule were set to begin this week in New Orleans. Attorneys for the Federal Trade Commission, the National Automobile Dealers Association and the Texas Automobile Dealers Association were scheduled to appear before the U.S. Court of Appeals for the Fifth Circuit. Compliance […] [Read More]

Agora Data on Tuesday announced the formation of its new financial institutions group, which is tailored to serve finance companies that specialize in addressing the needs of the subprime to non-prime market. Agora Data said the division supports independent consumer finance companies, banks, credit unions, investment firms, insurance companies and other entities by offering these […] [Read More]

Another month, another Megasite. Carvana said it’s preparing to convert the ADESA Las Vegas auction into a combination auction-reconditioning facility. The online used-car retailer said it will add inspection and reconditioning center capabilities the existing wholesale auction site, which will continue all of its current digital and in-lane auction operations. The location will anchor the […] [Read More]

Lotlinx on Tuesday rolled out an enhanced version of its Risk Report, offering a unique and customized view of a dealer’s inventory carryover, markdown and aged risk data. The company said this free report offers insights that can help dealers optimize their inventory strategy with a weekly analysis of their store’s inventory data. Managers then […] [Read More]

Holly Vollant has the toughness it takes to be a winner. She started her remarketing career at a small independent auto auction across the street from where she grew up. She took a hands-on approach to “dive into every aspect of the business” from parking cars to transporting them. Vollant has worked her way to leadership roles at Holman and with industry associations. But she’s also a small business owner, running her family-owned fish hatchery. Hailing from a small town in Northwest Pennsylvania, Vollant thrives in the outdoors and loves football – arguably the grittiest of American sports. And, hell, her favorite team is the Philadelphia Eagles ... [Read More]

J.D. Power is entering the auto auction business. The market research firm is collaborating with Superior Integrated Auctions to launch J.D. Power Marketplace, an online auction marketplace for auto dealers designed to “bring the traditional auction process online,” the companies said in a news release, giving dealers access to more than 30,000 front-line ready vehicles. […] [Read More]

John Howard, who is director of product management with Experian Automotive, returned for another visit on the Auto Remarketing Podcast. This episode focused on Experian’s latest look at automotive market movements, how much riper that aftermarket “sweet spot” is now and loyalty trends with hybrid and electric vehicles. Listen to the conversation in the window […] [Read More]