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PODCAST: Sara Hoagey on BDC structure, selling to out-of-area customers and more
Monday, Dec. 4, 2023, 10:05 AM
Auto Remarketing Staff
Sara Hoagey learned a lot about dealership operations from having served in practically every job in the store. And now she’s putting her expertise in communicating with customers through all media as the owner and CEO of EliteBDC, which provides BDC training for dealerships and well as providing outsourced BDCs. In the latest edition of […] [Read More]
CarGurus closes purchase of CarOffer, which now has new CEO
Monday, Dec. 4, 2023, 09:52 AM
Auto Remarketing Staff
CarGurus, which in 2021 acquired a 51% stake in CarOffer, said last month it would be acquiring the remaining stakes in the digital wholesale platform. That acquisition is now complete. And with this move, Zach Hallowell takes on the position of CarOffer CEO. Hallowell, a former OPENLANE and Cox Automotive executive, was named the head […] [Read More]
Dealer news: AutoNation rebrands its mobile service operation; Ed Morse and Group 1 reach milestones
Friday, Dec. 1, 2023, 02:35 PM
Auto Remarketing Staff
A year ago, AutoNation announced it would acquire mobile auto repair and maintenance provider RepairSmith in a $190 million deal. Now it’s rebranding that operation to become AutoNation Mobile Service. In a news release, Dave Koehler, who is chief operating officer for non-franchised business at AutoNation, said the acquisition “marked a pivotal step to extend […] [Read More]
California city police departments to use Reviver’s digital license plate
Friday, Dec. 1, 2023, 02:15 PM
Auto Remarketing Staff
Reviver has established partnerships with the city police departments of Atwater and Fort Bragg, Calif., to use its RPlate digital license plate on their fleets. In a news release, Reviver said the digital license plate can provide a significant resource for public safety departments, with its accurate display of vehicle registration and advanced telematics to […] [Read More]
PODCAST: More title talk with Cox Automotive’s Deshaun Sheppard
Friday, Dec. 1, 2023, 12:08 PM
SubPrime Auto Finance News Staff
On the eve of this year’s Used Car Week, the “Excellence of Titling Execution,” Deshaun Sheppard of Cox Automotive, made another visit for the Auto Remarketing Podcast. Sheppard described the ongoing evolution of electronic titling of vehicles and how Cox Automotive is trying to help dealerships and finance companies through the process. The conversation can […] [Read More]
Repairify, Autel lay out their plans to ‘redefine’ automotive service and repair
Friday, Dec. 1, 2023, 11:14 AM
Auto Remarketing Staff
Auto service/repair technology and data provider Repairify and Autel U.S., a provider of automotive diagnostic, calibration and scan tools and software, announced integrations aimed at improving workflows and processes for collision and glass repair shops, as well as plans for product and service launches for 2024. Repairify’s remote services and authentic OEM tool scans have […] [Read More]
Experian sees affordability improve slightly in Q3
Friday, Dec. 1, 2023, 10:58 AM
SubPrime Auto Finance News Staff
Perhaps the affordability hurdle that’s been a challenge throughout the year for dealerships and finance companies to get deals done with consumers is starting to fade. According to Experian’s State of the Automotive Finance Market Report that contained third quarter data, analysts discovered the amount financed for both used and new vehicles dipped. For used […] [Read More]
OneMain makes ‘tuck-in acquisition’ of Foursight
Friday, Dec. 1, 2023, 10:53 AM
SubPrime Auto Finance News Staff
As the industry was getting set to celebrate Thanksgiving last week, OneMain Holdings and Jefferies Financial Group reached a definitive agreement under which OneMain will acquire Foursight Capital from Jefferies for $115 million in cash. OneMain chairman and CEO Doug Shulman explained why the non-prime company chose to make this move for Foursight, an auto […] [Read More]
Mazda, Subaru rise to the top of Cars Commerce reputation rankings
Thursday, Nov. 30, 2023, 03:24 PM
Auto Remarketing Staff
When it comes to reputation among consumers, Mazda and Subaru are at the top of the heap, according to Cars Commerce’s latest research. The Cars.com Experience Report measured the reputation of the major automotive brands based on analysis of consumer reviews about dealerships nationwide on Cars Commerce’s Cars.com marketplace. Cars Commerce said the Experience Report’s […] [Read More]
Reynolds partners with TrueSpot following ‘significant investment’
Thursday, Nov. 30, 2023, 01:58 PM
Auto Remarketing Staff
Dealership software provider Reynolds and Reynolds has partnered with TrueSpot, a real-time location services company, following a “significant investment” by Reynolds. In a news release, Reynolds said the partnership underscores its focus on innovative technologies to help auto retailers be more successful, and TrueSpot’s commitment to advancing asset location intelligence. TrueSpot’s platform is designed to […] [Read More]
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