Buy-here, pay-here dealerships often will highlight the positives of having a GPS device attached to a vehicle when they’re completing delivery. A new report released by the National Insurance Crime Bureau (NICB) this week likely gave operators even more evidence as to why having those devices can be beneficial. NICB reported more than 1 million […] [Read More]

This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine.  It is available for Cherokee Media Group Premium subscribers now.  Dan Kennedy says the volume vs. capacity situation in auto transport seems to be on the mend. “For a while, [there was] more volume than capacity, but now it seems like things are starting to align,” said Kennedy, who is senior vice president of business development for CT Services. “Loads seem to be moving a little faster.” Joe Kichler agreed that capacity is a top transport industry issue, saying “we’re starting to see volume come back.” Capacity and available drivers are down from pre-pandemic levels, he said, especially on the wholesale side. “But depending on how quick that comes back and some of the new technology, there are going to need to be ... [Read More]

It’s decision time, crafting a long-term plan versus making short-term gains. First, we need to look at our “short-term gain” decisions we made back in 2020. New cars were at a premium that year, and many dealers decided to “make hay while the sun shines” so, according to NADA, as a result, the new per-vehicle […] [Read More]

Tech-enabled mobile car care company Yoshi Mobility has closed on a $26 million Series C round that includes some heavy hitters in business. Among the strategic investors in the latest funding round are familiar automotive names General Motors Ventures and Bridgestone Americas, and international investors Universal Motors Agencies and Shikra Limited. Yoshi Mobility, launched out […] [Read More]

Dahl Automotive nearly doubled its dealership portfolio with the acquisition of four Wisconsin dealerships from Keith Kocourek of Kocourek Automotive, according to Performance Brokerage Services, which brokered the deal. Adding Kocourek Chrysler Dodge Jeep Ram of Stevens Point, Kocourek Honda of Stevens Point, Kocourek Chrysler Dodge Jeep Ram of Rhinelander and Kocourek Honda of Rhinelander […] [Read More]

Where’s the most EV-friendly place to own a home? Not surprisingly, it’s in California, according to a report from Realtor.com and Cox Automotive. In fact, the 2024 Realtor.com Housing Market and Electric Vehicle Report found three of the top 10 and eight of the top 20 housing markets for EV ownership are in the Golden […] [Read More]

Weltman, Weinberg & Reis shareholders Milos Gvozdenovic and Scott Fink recently answered five top questions associated with bankruptcies and vehicle repossessions, which can become even more complex when those circumstances intersect. “When it comes to auto loans and financing, a lien is more than simple paperwork. It protects you and your business if and when […] [Read More]

Lender Compliance Technologies (LCT) and AKUVO both specialize in mitigating risk for finance companies and other clients. And now they’re working together. The provider of compliance solutions for managing F&I product refunds announced a new partnership this week with the technology organization that specializes in collections and credit risk. LCT pointed out that federal and […] [Read More]

The past 45 days have been quite active for Agora Data, a fintech company specializing in delivering technology, capital and guidance with predictable contract performance and analytics tailored for the subprime automotive sector. During that span, the company gained $400 million in funding capacity, welcomed Sharon Mancero as managing director and hired Robin Dukes as […] [Read More]

Amid an ocean of affordability challenges in the used-car retail market, a droplet of “hope” remains. In fact, Kevin Roberts of CarGurus said it’s possible for average used-car prices to show a double-digit-percentage decrease, even as headwinds keep them above pre-COVID levels. “While it’s still challenging to find that elusive affordable car, there’s hope for […] [Read More]