Calling her an “exceptional business leader,” PureCars on Wednesday announced Lauren Donalson has been promoted to chief operating officer. Donalson joined PureCars in 2015 and most recently served as senior vice president, client experience and strategic partnerships. In Donalson’s new role, she will oversee PureCars’ client and partner teams, including digital strategy, OEM programs, digital […] [Read More]

Toronto-based WeeL, a tech startup in the automotive aftermarket space, announced a $750,000 (CAD) round of funding on Wednesday, marking its first external fundraising. WeeL began with at-home vehicle maintenance in the Greater Toronto Area and is now raising capital to bolster its predictive pricing modeling and “demystify the costs of car repair” for consumers. […] [Read More]

Experts from Cox Automotive, The Conference Board, iLending, S&P Global Ratings recently articulated several ingredients that could create headwinds for the auto finance market during the rest of the year. The ingredients ranged from the bandied about trends connected with employment, inflation and interest rates as well as consumer confidence. Beginning with S&P Global Ratings, […] [Read More]

An online auction for dealers to buy vehicles directly from consumers that has operated for two years in the Salt Lake City and Phoenix markets now has more financial resources to use for its plans to open in 10 additional markets during the next 24 months. Gauge announced on Wednesday that it closed an oversubscribed […] [Read More]

As more dealerships changed hands, the Greater New York Automobile Dealers Association (GNYADA) wrapped up its annual charity project in collaboration with Operation Warm as member stores raised more than $100,000 for a coat drive and donated thousands of coats to more than 30 schools and charitable organizations throughout downstate New York. The campaign finished […] [Read More]

Jonathan Jordan, director of retail strategy at JM&A Group, believes we are in a “crucial time in CPO history.” And JM&A’s name has been in the headlines recently for new CPO offerings. JM&A and J.D. Power joined forces last year and released the J.D. Power Edge program, a third-party CPO program for franchised and independent dealers. JM&A developed a strategic alliance with J.D. Power in 2022 to develop co-branded F&I products, and the first product to ... [Read More]

SiriusXM will soon have a new leader for its automotive operations. The company said Wednesday that Gail Berger, who most recently was senior vice president of automotive remarketing, will take over the role of SVP and general manager of automotive partnerships. Berger succeeds Rodney Pickett, who is retiring at the end of February. She will […] [Read More]

On Tuesday, TransUnion rebranded its global lines of business solutions. Rolling out first in the U.S., TransUnion said the initiative organizes thousands of existing B2B products into seven solution lines, defined by business need and unified by a promise to deliver a “Tru” picture of consumers with “a robust, multi-layered and actionable view of each […] [Read More]

Auto Link, a leading fintech and marketing company serving more than 175 financial institutions, unveiled an enhanced integration for Auto Financial Group (AFG) clients on Tuesday. Auto Link’s innovative, patented Digital Car Buying Solution can allow financial institutions of any size to provide consumers vehicle research, buying and financing tools directly on the client’s website, […] [Read More]

Pete MacInnis spotted a result in the latest eLEND Solutions dealer survey that really caught his attention. And it relates to what concerns potential vehicle buyers most. MacInnis discussed that topic and more in this episode of the Auto Remarketing Podcast recorded during NADA Show 2023 in Dallas. To listen to the conversation, click on the […] [Read More]