EchoPark, Sonic Automotive’s stand-alone used vehicle operation, strives to acquire vehicles at prices that allow it to keep its customers’ used vehicle monthly payments under $500. “That’s going to be in the $24,000 price range,” said Sonic Automotive president Jeff Dyke, during the company’s earnings call covering its quarter that ended March 31. But that goal was challenged when wholesale vehicles prices suddenly ... [Read More]

The data dealers are privy to in their businesses on a day-to-day basis continues to grow at a rapid rate. Some see capturing and using this data as a huge benefit, and some are still baffled by the sheer amount of data and/or how it can be used to ensure business success. What are the […] [Read More]

Next up on the “NAAA 75th” series of the podcast is a conversation between Cherokee Media Group president Bill Zadeits and longtime remarketing industry executive Tony Moorby, a 2000 inductee to the NAAA Hall of Fame. Between now and the NAAA World Remarketing Convention in late September, the show will periodically feature auction owners, association executives […] [Read More]

TradePending’s newest tool to help dealerships retail more used vehicles quickly impressed Rebecca Balonier, who is internet director at Volkswagen of Elgin in Illinois. Marrying TradePending’s products with data from CARFAX, service history records, window stickers and local market statistics, AutoBio is new a communication platform tied to TradePending’s entire data ecosystem and numerous value-add […] [Read More]

Last week, Solutions by Text enhanced its leadership team with three new senior level hires and a promotion. The compliance-first provider of enterprise text messaging and payments solutions focused on consumer financial services appointed Danielle Repetti as chief revenue officer, Subramaniam Viswanathan as executive vice president of technology, and Hana Elliott as vice president of […] [Read More]

What’s sometimes considered to be a dangerous task of repossessing vehicles now has been highlighted in what some might view as the high-brow world of academia. In this episode of the Auto Remarketing Podcast, International Recovery Systems resident Jeremy Cross and vice president Andy Sinclair recap how their case study about repossessions was published earlier […] [Read More]

Amid an uptick in fraud across the fintech industry, Experian on Wednesday introduced a fintech-focused version of its Experian’s Hunter network to the United States. Experian highlighted this new U.S. fintech data network already has participation commitments from nine leading fintechs and is designed to bring a new level of protection to businesses and consumers […] [Read More]

On Wednesday, Bain & Company formed a strategic alliance with Ashling Partners, a leading global provider of automation consulting and implementation services and an industry-recognized expert in these fields. Bain is also directly investing in Ashling to deepen its collaboration with a key partner in Bain’s vector digital practices. Ashling is backed by THL, a […] [Read More]

This week, NETSOL Technologies announced the launch of Hubex, an API library that can enable companies to standardize all their API integration procedures across multiple API services through a single integration. Hubex is NETSOL’s second product offering from the AppexNow marketplace following Flex, an API-based, ready-to-use calculation engine. In addition to traditional lending companies, Hubex […] [Read More]

This week, McGlinchey Stafford reinforced its enterprise litigation and investigations group in the firm’s Irvine, Calif., office. Joining the firm as members are attorneys Kere Tickner and Michelle McCliman with the pair being supported by paralegal Kirsten Zell and legal assistant Elizabeth May. “We are very proud to expand our Irvine presence with the addition […] [Read More]