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]

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]