Rifco National Auto Finance president and chief operating officer Roger Saran and Chris Dyck, the company’s manager of credit and dealer services, join the Auto Remarketing Podcast from the Canada’s Used Car Week Podcast Stage. They talk with Cherokee Media Group senior editor Joe Overby about the auto finance trends they’re watching this year, differences […] [Read More]

Lenders that use Inovatec Systems now have reinforced tools to originate auto loans with more confidence about the consumer connected to the contract This week, the provider of cloud-based software solutions for lenders announced it has formed a partnership with Paays Financial Technologies, a provider of advanced risk management solutions for banks, credit unions, finance […] [Read More]

One of Byrider’s franchisees started the second half of the year by expanding its footprint in Kentucky. Byrider announced this week that franchise ownership group Garber Ventures opened a location in Elizabethtown, Ky., representing Byrider’s seventh location in the Blue Grass State. Garber Ventures now has five Byrider stores, with another rooftop in Louisville, Ky., […] [Read More]

Gene Daughtry’s travels take him from Texas to Connecticut and elsewhere, examining buy-here, pay-here dealership operations and offering recommendations to sharpen collections, reconditioning and other business segments. The senior consultant with AMS Consulting was in Las Vegas last month for the annual NIADA Convention and spent time with Cherokee Media Group’s Nick Zulovich for this […] [Read More]

While EFG Companies sees some market strength and positive economic and consumer trends, experts acknowledged slow inventory growth, price concerns and stubborn inflation have the potential to create revenue barriers in the second half of 2023 for the retail automotive and powersports industries. Company leaders recommended that dealer principals, agents, and finance companies approach the […] [Read More]

A little more than a month after naming a new CEO, Shift Technologies said Tuesday it is restructuring and reducing its workforce. Shift will also discontinue investment into its dealer marketplace so that it can focus on its core business. The restructuring will reduce Shift’s headcount by roughly 34%, which the company estimates 60% of […] [Read More]

Taryn Young, vice president of marketing at iPacket, joined the Auto Remarketing Podcast from the Canada’s Used Car Week Podcast Stage last month in Toronto. Young and Cherokee Media Group senior editor Joe Overby talk about the company’s origin at a dealership as a way to digitize all the documentation (history reports, reconditioning receipts, etc.) […] [Read More]

There is no perfect used car (or a new one, for that matter). If you’ve ever worked at a franchise dealership, you’ve had brand-new vehicles that still needed some level of attention. The ironic thing is that consumers don’t expect used vehicles to be perfect, either. Consumers say they get nervous and skeptical when vehicles […] [Read More]

Continuing our Auto Remarketing Podcast episodes originating from this year’s NIADA Convention in Las Vegas, Cherokee Media Group’s Nick Zulovich shared a conversation with NextGear Capital president Scott Maybee. Among other topics, the pair discussed how independent dealerships are remaining resilient financially as the cost of funds and doing business continues to escalate. The conversation […] [Read More]

F&I and dealer training provider JM&A Group has created a free career advancement program for women in retail automotive that it says is the first of its kind. The program, geared toward increasing representation and opportunity in the automotive industry, aims to elevate talent and expand opportunities for minority groups by offering free, immersive training […] [Read More]