Although digital remarketing was on the rise before COVID, many in the industry still preferred the in-lane process and physical auction sales.  Then the pandemic hit. And the economic shutdown was soon to follow. With the closing of auctions’ physical doors, the pivot to digital wholesale was in full force. Now, even though many physical […] [Read More]

Agora Data recently received a compliance certification with the American Institute of Certified Public Accountants (AICPA’s) System and Organization Controls (SOC) 2. According to a news release, Agora Data’s SOC 2 Type II standard for information security was certified by an independent, trusted third party CPA firm on Jan. 13. The company highlighted the SOC […] [Read More]

Perhaps those new-to-credit consumers — individuals early in their credit journeys — might be some of the best applicants to land in your finance company’s underwriting department. The main finding from a newly released TransUnion global study showed new-to-credit consumers generally perform as well or better than ones with established credit and similar risk scores. […] [Read More]

Cars are becoming more connected. And with that comes challenges around how this new technology works. Plus, the need for effective and auditable solutions to meet growing regulatory requirements around connectivity technnology to protect consumers has never been higher. That’s why Calgary-based digital marketplace HeyAuto has entered into a multi-year, exclusive distribution deal with vehicle data […] [Read More]

The retail used-car market appears to have started 2023 on a high note for dealers. In fact, analysis from Cox Automotive this week said dealers had better than anticipated used-car sales last month. Based on same-store dealership data from its Dealertrack unit, the company estimates that used sales for dealers … [Read More]

It's Super Bowl week, which means it's time for a visit with PureCars chief operating officer and automotive advertising expert Lauren Donalson to discuss what to expect from the automotive commercials on Super Sunday. Plus, Donalson shares how dealers can parlay OEM ad momentum from the Big Game into their own marketing strategies, while also explaining […] [Read More]

A news release from Colonnade Securities distributed on Wednesday mentioned the advising of Streamline Recon, which was acquired by SolutionWorks, a leading provider of automotive reconditioning services jointly owned by Alitus Capital Partners and Concentric Equity Partners. The announcement indicated SolutionWorks will be partnering with the Texas-based automotive reconditioning company focused on the automotive dealership […] [Read More]

About a month after its launch, Automotive Reinsurance Concepts added more resources to Independent Dealer University (IDU), a subscription-based online education platform designed to put “next-level” training easily within reach of independent retail dealerships of all sizes. Now available is Tusker Tracks, IDU’s free online publication that features content from industry experts covering all areas […] [Read More]

This week, the remarketing division at Westlake Financial announced its 2022 Auction of the Year Awards, recognizing a nationwide honoree as well as five regional accolade recipients. In recognition of the “incredible” performances this past year, Westlake gave its 2022 Nationwide Auction of the Year Award to Rawls Auto Auction. “Rawls Auto Auction is proud […] [Read More]

AutoIMS and Experian have teamed up to offer commercial consignors using the AutoIMS inventory management platform a three-month trial of Experian’s AutoCheck Vehicle History Snapshot data and full vehicle history reports. The free trial began in January and lasts through the end of March. The AutoCheck reports can be accessed on demand through AutoIMS or […] [Read More]