In another episode from NADA Show 2023, DAS Technology co-founder and CEO Alexi Venneri discusses the rebrand from Digital Air Strike, the company’s new lender partnership, electric vehicles, entrepreneurship and growth, and much more. To listen to the conversation, click on the link available below. Download and subscribe to the Auto Remarketing Podcast on iTunes. Stay […] [Read More]

A couple of weeks after finalizing a $5.3 million seed round, Gauge landed some technology resources to boost its online auction for dealers to buy used vehicles from consumers. According to a news release, Gauge announced on Thursday that it has selected Ravin AI’s artificial intelligence technology to speed up and increase consistency of car […] [Read More]

The owner of a Houston buy-here, pay-here dealership is getting in the full-service marketing and consulting business, too. Kendra Brown, a native Houstonian and owner-operator of a BHPH dealership, recently founded The Dream Team Media Company alongside a team of experts with years of experience in analytics, marketing and paid media management. The company aims […] [Read More]

PassTime is rolling in Alabama. The provider of GPS Solutions announced this week that it has been named a preferred vendor by the Alabama Independent Automobile Dealers Association (AIADA). AIADA’s preferred vendor designation is provided to vendor members of the association that have proven to offer good value and high-quality products or services to the […] [Read More]

American Financial Services Association president and CEO Bill Himpler testified on Thursday during a hearing hosted by the U.S. House Subcommittee on Financial Institutions and Monetary Policy. Himpler made a case for why the Consumer Financial Protection Bureau is “ripe for reform.” In his prepared opening statement sent to SubPrime Auto Finance News, Himpler told […] [Read More]

March began with Canadian wholesale vehicle values falling 0.18%, which is in line with the average movement for same week of 2017-2019, according to Canadian Black Book’s Market Insights report for the week ending March 4. For the last full week of February, prices were down 0.14%. Car segment prices dropped 0.16% the week ending […] [Read More]

The change in wholesale vehicle prices — which in February, according to Black Book, climbed sequentially for the first time since June — is impacting what those used cars are fetching in the retail market. The month-over-month increase in wholesale values, along with decreasing supply and a consumer appetite for lower-priced used cars, helped push […] [Read More]

Draiver, which is an on-demand vehicle delivery service, said Wednesday it will expand to Mexico, Brazil and Canada this year, while also adding more U.S. cities to its footprint. “We arrive first, and we put people first,” CEO Zarif Haque said in a news release. “Our model offers clients more intelligent vehicle delivery solutions that […] [Read More]

Solifi released the latest version of Solifi Originations for equipment and automotive finance companies in North America, highlighting four enhancements. The newest features are designed to enable a multitude of automated advancements for improved client and consumer experiences. Among these features are the ability to directly upload XML files containing asset details onto the Solifi […] [Read More]

Wolters Kluwer finalized an executive move prompted by a decision made late last year. The company announced this week that Steven Meirink has been named CEO of Wolters Kluwer Financial & Corporate Compliance (FCC), a division that provides lending, regulatory and investment compliance solutions to financial institutions and legal entity compliance solutions to corporations, small […] [Read More]