Tom Adams got into the auction business straight out of the Navy in 1970. It was a decidedly different time for the auto auction business. “Auctions back then were independent mom and pop businesses. Entire family worked the auction,” said Adams. “Facilities were pretty meager. There was one lane and a carnival kind of atmosphere.” The association’s auction members’ facilities are now often huge or even online. As the NAAA prepares to celebrate its 75th anniversary, some things remain the same, however. It is still an organization that ... [Read More]

Fullpath, an automotive customer data and experience platform, has joined with Google’s vehicle ads program in an integration designed to streamline data, reduce manual work and increase efficiencies for North American automotive dealerships. Fullpath said its platform helps customers execute marketing campaigns more efficiently. With the integration, automotive agencies and dealership in-house marketing teams can […] [Read More]

Vehicle subscription service Flexcar continued its drive toward a “delivery-first model”, announcing it has begun offering delivery to residents in the Atlanta metropolitan area. Atlanta is the second market to offer Flexcar’s delivery service. The company began delivery in Massachusetts last month. “Buying or leasing a car is more expensive and inconvenient than it’s ever […] [Read More]

Automotive data provider Vincentric last week released its most recent update to its fees and taxes data, which the company said offers the most up-to-date automotive ownership costs to the U.S. and Canadian markets. The data enhancement incorporates detailed state-by-state and province-by-province updates for the U.S. and Canada, including electric vehicle tax credits, and, Vincentric […] [Read More]

CarNow has named former Cars.com executive and DRIVIN co-founder Kayne Grau as its new CEO. Grau’s most recent post was as CEO of Uptake, which operates in the industrial intelligence software-as-a-service space. His background in automotive runs deep. Grau co-founded DRIVIN, which was acquired by what is now known as OPENLANE, and worked in senior […] [Read More]

Finastra announced on Wednesday that LaserPro — its loan document preparation system used by more than 2,500 financial institutions — is now available in the cloud. Finastra highlighted this strategic launch of LaserPro in the cloud is geared to streamline loan document compliance management capabilities for financial institutions with a Software as a Service (SaaS) […] [Read More]

On the Road Lending now has more financial horsepower. The nonprofit organization that launched in Dallas in 2013 said on Wednesday that it received $500,000 in capital from Tolleson Private Bank to deepen its successful initiative across underserved communities throughout the Dallas metropolitan area. On the Road Lending helps clients improve their credit and purchase […] [Read More]

NextGear Capital showed it has a great interest in science, too, not just the automotive financial world. The floorplan provider that focuses on independent dealerships, in collaboration with Cox Enterprises, recently transformed an Indianapolis Public Schools (IPS) classroom into the district’s first fully-funded grade school STEM lab. The company made a $50,000 donation to outfit […] [Read More]

Asbury Automotive Group, one of the nation’s largest automotive retail and service companies, is among the automotive entities named by Newsweek as one of America’s Greatest Workplaces 2023. “This award not only acknowledges our efforts in fostering a positive and enriching work environment but also highlights the commitment and dedication of every member of our […] [Read More]

Dealers evidently didn’t rest much during the last unofficial weekend of summer since Black Book noticed the estimated average weekly sales rate at auction increased to 49%. Despite more vehicles heading for haulers and store lots, Black Book reported that wholesale prices declined another 1.40% during the week that closed on the Saturday of Labor […] [Read More]