Buying cars from consumers has proven to be a popular route, as dealers face tight supply at auction and other wholesale channels. With that in mind, one California group is putting some digital infrastructure behind this strategy. The Del Grande Dealer Group announced a new platform this week that allows a consumer to sell their […] [Read More]

Bank Director recently released a new report to provide U.S. financial institutions a roadmap on working with technology companies. Using Bank Director’s online platform, FinXTech Connect, the report highlights the names of fintechs who report at least 100 U.S. financial institution clients. Built specifically for banks, FinXTech Connect is a curated, online directory of technology […] [Read More]

A former manager for ACV and EBlock has switched from the wholesale world to the financial side of the industry. This week, Allied Payment Network a provider of online and mobile money movement solutions to banks and credit unions, announced the addition of Jessica DeLisio as vice president of sales for the Mid-South region. In […] [Read More]

A news release from 360 Payments, a leading payment technology company in the automotive industry, highlighted that NAPA recognized the company with its Strategic Contributor Award and co-founder Jesse Meddaugh with its MVP Award. The honors were given during last month’s 2023 NAPA Auto Care Vendor Summit in Atlanta. The Strategic Contributor Award recognizes 360 […] [Read More]

Allied Solutions added to its portfolio of industry partnerships last week. The providers of insurance, financing, risk management and data-enabled products announced a new relationship with MANTL, a leading provider of account origination solutions for banks and credit unions. Allied said through a news release that it has selected MANTL as its preferred solution provider […] [Read More]

J.D. Power has teamed up with connected vehicle analytics and infrastructure company Motorq to provide insights to the auto industry based on connected vehicle data. And this partnership kicks off with used electric vehicles — specifically, data to measure EV battery health. J.D. Power vice president and head of connected vehicles Dave Sargent joins the […] [Read More]

In today’s environment, you hear about far more about mergers and acquisitions in the auction market than the creation of new physical facilities. Often the more popular route for independent auction owners is to sell to larger auction chains or digital auction companies. But Auto Remarketing wanted to see what was on the other side of the coin ... [Read More]

Dealers now have more ways to converse with potential vehicle buyers who prefer online interaction before potentially walking through the showroom doors. Cox Automotive recently announced that it has unlocked more ActivEngage messaging capabilities across several retailing brands and solutions including Autotrader, Accelerate My Deal, Dealer.com and Kelley Blue Book. According to a news release, […] [Read More]

There may not be any sector in the auto industry where reconditioning is more important than the auction business. When cars flow through the physical lanes or online sales, it is key they are in top condition to catch potential buyers’ eyes.  This is especially true as the digital auto auction industry continues to grow at a lightning pace. Strong reconditioning services can put buyers’ minds at ease, even if they can’t kick the tires before making a purchase ... [Read More]

The holidays of Passover and Easter just happened, so perhaps potential spring breaks associated with those celebrations might have influenced what unfolded in the wholesale market last week. That’s part of the analysis provided by Black Book through its newest installment of Market Insights, which noted that wholesale prices rose 0.43% during the week that […] [Read More]