Kelley Blue Book Instant Cash Offer has launched in Canada, Cox Automotive Canada said in a news release Monday. The tool helps Canadian dealers acquire inventory directly from consumers, which can be crucial considering the tight vehicle supply. Consumers can choose to receive an offer on their vehicle online (through the Instant Cash Offer webpage […] [Read More]

Rapid Recon chief executive officer Dennis McGinn is the guest for this episode of the Auto Remarketing Podcast to discuss how dealers are preparing inventory; whether the vehicles are coming via trades, the wholesale market or purchases made from private owners. McGinn also pointed out who at the dealership is taking an even greater interest […] [Read More]

As I write this article, Major League Baseball is back with Opening Day arriving on Thursday. While the players union and team owners hashed out their collective bargaining agreement, I rarely heard anything about the group of people who matter most — the fans — you know, the customers who spend $15 on one beer […] [Read More]

Recent analysis from Comerica Bank and Salary Finance point to a similar assertion. There’s a reasonable chance many of the contract holders currently in your auto finance portfolio are having their monthly budget squeezed by several factors. With Comerica Bank chief economist Bill Adams saying that high inflation sunk the personal saving rate to its […] [Read More]

Group 1 Automotive said Monday it has acquired Larry H. Miller Toyota in Albuquerque, N.M., adding to the retailer’s presence in the Land of Enchantment. The store will be renamed Sandia Toyota and is expected to pull in annual revenues of $115 million. So far this year, Group 1 has acquired revenues of $550 million. […] [Read More]

Executives with DrivenIQ, which specializes in data and data technologies that help businesses target their advertising to the most ideal audience, joined the Auto Remarketing Podcast recently to talk about the company's busy March and much more. DrivenIQ announced last month that it has acquired Visitor Data Inc. The company also announced that it will be […] [Read More]

The exhibit booths of Inovatec Systems and Point Predictive were nearly adjacent during the Vehicle Finance Conference hosted by the American Financial Services Association last month. Now the tech firms now officially are joining forces. Last week, Inovatec Systems and Point Predictive said they have forged a strategic partnership, leveraging Point Predictive’s comprehensive, consortium-based credit data […] [Read More]

Sollensys Corp., a cyber security company specializing in ransomware recovery built on blockchain technology, and Constant, a provider of digitized, self-service technologies for banks and credit unions, now are working together. The companies announced last week that Constant will be integrating Sollensys’ blockchain data archiving solution into its financial services platform. According to a news […] [Read More]

Hudson Cook partners Patty Covington and Eric Johnson are among the keynote speakers on the docket for a two-day online series hosted by Chernek Consulting titled, “F&I Master Series Online Forum — The Digital Age.” Beginning on Wednesday, Covington, Johnson and more than two dozen other experts will be discussing trends and sharing best practices […] [Read More]

In what officials called a record-setting settlement, the Federal Trade Commission and the State of Illinois said on Friday that they are taking action against Napleton, a large, multistate auto dealer group based in Illinois. Officials said they’re making this move because Napleton was “sneaking illegal junk fees for unwanted ‘add-ons’ onto customers’ bills and for […] [Read More]