Both incoming and outgoing chairs of the National Automobile Dealers Association addressed their peers during NADA Show 2023 in Dallas. During his first address on Saturday, 2023 NADA chairman Geoffrey Pohanka stressed that franchised “dealers and their OEMs essentially want the same things: to give customers a great buying experience and to sell a lot […] [Read More]

BacklotCars had one of the most active booths on Saturday during NADA Show 2023 in Dallas. That company that’s part of KAR Global auctioned off a 100% electric, liquid black LiveWire One motorcycle, raising more than $109,000 for the NADA Foundation’s Frank E. McCarthy Memorial Program that benefits Canine Companions. Canine Companions is a non-profit […] [Read More]

Amidst all of the industry events in its vicinity, Texas-based defi SOLUTIONS announced an expansion of defi SERVICING features and product roadmap last week. The provider of defi SERVICING and defi ORIGINATIONS (software-as-a-service) and defi MANAGED SERVICING (servicing outsourced) said the defi SERVICING platform now has more than 700 features spanning all key servicing disciplines, […] [Read More]

More executive changes at Santander Consumer USA became public last week, as the finance company announced that Betty Jotanovic will assume the role of president of Chrysler Capital and Auto Relationships According to a news release, Jotanovic will be reporting to Bruce Jackson, who was recently named head of the Santander US Auto business and […] [Read More]

It was a busy week for the National Auto Auction Association, which hosted its annual Total Access event Wednesday and Thursday in conjunction with NADA Show 2023 in Dallas. And on Saturday, the group’s NAAA Foundation presented a $75,000 donation to the National Automobile Dealers Association’s Workforce Initiative, which began in 2019 as a way […] [Read More]

Last week, Informativ announced a new, complete, and proactive credit and compliance offering. The service provider that includes Credit Bureau Connection (CBC), Dealer Safeguard Solutions and CreditDriver said this revamped solution brings together innovative, mobile-first consumer credit prequalification and lead generation, This proactive vehicle sales compliance solution that protects dealerships from costly violations of the […] [Read More]

Executives from 700Credit recently released QuickScan, a mobile document verification and fraud detection platform that can provide dealerships with real-time confirmation of the legitimacy of a customer’s driver’s license and identity. The provider of credit, compliance, soft pulls and identity verification and fraud detection solutions said QuickScan can be particularly helpful when used to verify […] [Read More]

In this roundup of dealership M&A moves, we start with one of the largest public groups and its major move in the aftersales space. AutoNation announced it has closed its $190 million acquisition of RepairSmith, a mobile auto repair and maintenance provider. The deal was first announced in December. “Apart from the important outcome of […] [Read More]

Immediately after the National Automobile Dealer Association wrapped up NADA Show 2023, the National Independent Automobile Dealers Association made a major move.   On Monday morning, NIADA and Buckeye Dealership Consulting announced an integration of the NIADA 20 Groups with Buckeye’s Dealer Performance Groups.   According to a news release, all existing Dealer Performance Groups, […] [Read More]

Auto Remarketing has learned and parent company Carvana has confirmed that ADESA president John Hammer is leaving the company Friday. Hammer has been named the CEO of Spectrum Automotive Holdings Corp., according to a news release from Spectrum, and will start Feb. 6. “John’s dedication to his team and customers has been instrumental in building […] [Read More]