Dealership personnel now can complete another task with a smartphone. Reynolds and Reynolds on Tuesday announced a partnership with RockED with the fruit of it being training on RockED’s mobile app designed to help dealership teams get the most out of products like AutoVision and FOCUS. The companies said the training emphasizes best practices and […] [Read More]

American Recovery Service announced in a social media post that experienced recovery industry professional Adam Fader joined the company as vice president of client services. According to his professional online profile, Fader has previously held a variety of similar leadership positions, including: —Client relations and business development with MVTRAC —Vice president of client relations and […] [Read More]

Nissan and INFINITI dealers have another option to help remove affordability barriers that often lead customers to decline or defer recommended work. The option came on Tuesday when DigniFi announced that it will offer its services. Nissan and INFINITI dealers across the United States will have access to DigniFi’s Buy Now, Pay Later and flexible […] [Read More]

Solifi CEO Dan Corazzi said, “Automotive finance is one of the clearest examples of why connected technology matters.” Corazzi made that assertion on Tuesday when Solifi announced that it has acquired Inovatec Systems Corp., a cloud-based lending technology provider serving banks, captive finance organizations, credit unions, and specialty lenders across North America. According to a […] [Read More]

Informed has a new chief executive officer with plans on expanding beyond auto lending into adjacent verticals. On Monday, the artificial intelligence-powered platform that helps lenders verify applications, detect fraud, and accelerate loan funding across auto and consumer lending appointed Daniel Sogorka to the leadership position. Informed highlighted the transition reflects its next phase of […] [Read More]

The Federal Trade Commission issued a consumer alert on Tuesday related to fraudulent online dealership listings, which Point Predictive chief fraud strategist Frank McKenna described in vivid detail more than a year ago. The FTC described a similar strategy that McKenna mentioned, with officials saying in their alert, “Scammers set up bogus car dealership websites […] [Read More]

Why does one dealership command a significantly higher blue sky multiple than another, even when both operate under the same franchise? The answer is multi-dimensional and extends far beyond profitability alone. Blue sky represents the goodwill component of a dealership’s value, the premium a buyer is willing to pay above the value of its tangible […] [Read More]

Tammy and John Swofford are auto auction industry superstars. Both have had long careers in the industry which included several stints working for the same company and now working for competitors. They’ve handled both situations with their characteristic humor. Currently, Tammy is senior director, national sales and marketing for Auto Auction Holdings. John is vice […] [Read More]

ACV Auctions announced a strategic integration with dealer AI engagement platform DriveCentric on Tuesday that it says will provide dealers with a way to acquire more used cars from their service lanes and lead to new fixed operations revenue opportunities. The integration will combine ACV’s ClearCar pricing engine and VIPER platform (which is a vehicle […] [Read More]

Lithia & Driveway said Tuesday it is investing $500,000 in more than 200 nonprofit youth and community organizations through its Lithia4Kids Community Giving Grants. The program partners with organizations focused on educating and strengthening communities in which Lithia operates. The latest grants will support initiatives like schools, children’s hospitals and youth enrichment. Nearly 375 grant […] [Read More]