Foundation Automotive Corp., which operates dealerships in both the U.S. and Canada, announced last week it has acquired Crossroads Dodge Chrysler Jeep Ram in Liberty, Texas. With the purchase, Foundation now has 17 stores in Texas and eight Stellantis stores in the U.S. Overall, the group includes 37 locations in Canada and the U.S. “We’re […] [Read More]

The used electric vehicle market has miles to go before reaching critical mass, but sparks of growth in recent months may indicate the segment is gaining traction. For one, there are three times as many used EVs on dealer lots as there were 18 months ago, according to Recurrent, an EV battery and range analytics […] [Read More]

Two experts from Experian Automotive discussed two important parts of the electric vehicle market for this episode of the Auto Remarketing Podcast recorded during NADA Show 2023 in Dallas. Kirsten Von Busch discussed trends connected with EV shoppers, while Melinda Zabritski analyzed how those consumers are securing the financing needed for delivery. To listen to […] [Read More]

Space Auto expanded both its physical and human resources to position the company for growth. The integrated software and marketing solution provider for dealerships announced three new leadership hires, including two veterans of CarOffer. The company also is moving into a larger office space in Dallas to keep pace with its growing team and client […] [Read More]

Perhaps that older model included in the pitched paper from a dealership in your network now looks a little more appealing when viewed through the updated tool from Open Lending Corp. Last week, the enablement and risk analytics solutions provider for financial institutions announced that it has increased its allowable vehicle age from 9 to […] [Read More]

IAA reached another milestone, as the company announced IAA Loan Payoff exceeded $3 billion in total loss transactions in 2022. IAA highlighted this exponential growth follows the tool’s 2021 record of $1.2 billion in installment contracts and leases processed, bringing the grand total in transactions since its launch to $5 billion. Company leadership said insurance […] [Read More]

Wolters Kluwer is continuing to see a gradual migration by dealerships and finance companies to more digital infrastructure. Wolters Kluwer head of auto strategy Tim Yalich took time during the 2023 Vehicle Finance Conference in Dallas hosted by the American Financial Services Association to describe the challenges that remain during this episode of the Auto […] [Read More]

Ally Insurance president Daniel Eller went from being on stage at NADA Show 2023 in Dallas as part of the TIME Dealer of the Year presentation to having a conversation at the company’s booth for the Auto Remarketing Podcast. Eller delved into why consumers are becoming more interested in car insurance when they take delivery as […] [Read More]

The National Independent Automobile Dealers Association found its new chief executive officer in another part of the Lone Star State. The NIADA board of directors selected Jeff Martin, the executive director of the Texas Independent Automobile Dealers Association, to lead the 75-year-old dealer-driven association. According to a news release distributed on Monday morning, Martin will […] [Read More]

Much like the new-car market, retail demand was stronger than expected for used cars in January, according to the latest CarGurus Intelligence Report. But unlike the new-vehicle segment, prices on pre-owned eased last month. So don’t be surprised to see … [Read More]