For the third month in a row, Canadian Black Book’s used vehicle retention index didn’t fall. But it didn’t rise, either. The CBB index for September came in at 136.0 — no change from August — marking the first time the index has not fallen for three consecutive months since January, February and March of […] [Read More]

Mere Rangel is the assistant general manager at Big Valley Auto Auction in Donna, Texas. But more importantly, he has been his daughter’s softball coach for 14 years and his son’s baseball coach for the past four years (with a decade more to enjoy, he says). And when he steps off the diamond and into the auction lanes, he’s got a coach of his own in general manager Lisa Franz, the leader of Big Valley Auto Auction, and a five-star ace of a teammate in Blanca Arias, the auction’s controller. Together, they form quite the bullpen of leadership at the auction ... [Read More]

Welcome to that time of year for car dealerships again: It’s the scary season! Let’s have a little fun and look at your business like it’s Halloween. It may be filled with lots of things that can frighten you. But on the other hand, it’s also filled with lots of great treats. All you have […] [Read More]

myKaarma has earned Nissan’s seal of approval. The provider of dealership communication and payment software said it has been selected for certification as a partner in Nissan’s NCAR Service and INFINITI’s ICAR-X Service programs, which myKaarma said makes it the “go-to provider” of integrated service systems for the Nissan brands. The company said Nissan and […] [Read More]

There’s a new entry in the dealership buy-sell market. Omega Advisors Inc., a consulting firm specializing in auto dealership mergers and acquisitions, announced its launch. In a news release, the company, led by industry veteran Gerrick Wilkins, said it offers decades of expertise in dealership valuations, strategic planning and transaction management. Omega said Wilkins is […] [Read More]

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]