Sonic Automotive has opened a delivery center for its EchoPark Automotive used-car store program in Georgia’s second-biggest city. The delivery center in Columbus, located in the western part of the state near the Alabama border, is the 38th overall EchoPark location and its fourth in Georgia. There is also a delivery center in Augusta, along […] [Read More]

An executive who spent more than 10 years at AmeriCredit and GM Financial now is part of the executive team at Agora Data. The company that offers crowdsourced securitizations, reducing interest rate lines of credit and a technology platform supplying book value of paper for the subprime auto finance industry hired auto finance veteran Brett […] [Read More]

America’s Car-Mart not only is in the buy-here, pay-here business. The company with more than 150 dealerships in 12 states now is in the securitization market, too. On Monday, Car-Mart announced pricing of its inaugural asset-backed securitization transaction. The company priced $400 million in aggregate principal amount of asset-backed notes in a subprime auto finance […] [Read More]

According to the April 15 update from the Internal Revenue Service, the IRS had issued $242.62 billion in federal income tax refunds so far this season, representing at 15.2% lift year-over-year. Kroll Bond Rating Agency (KBRA) noticed that consumers appear to be using at least a portion of those funds to get your portfolio into […] [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from this year’s Auto Intel Summit. Our first special episode features a trio of top industry leaders answering the question, “what’s next?” The panel includes Chip Perry of A2Z Sync, Alex Snyder […] [Read More]

In recent days, Carvana has shared details on how it plans to finance its proposed $2.2 billion acquisition of ADESA’s U.S. auction business from KAR Global, a deal first announced in February that is expected to close in May. The online retailer is offering $2.275 billion in senior unsecured notes due 2030 and $1 billion […] [Read More]

For dealerships that have a commercial department, an ecommerce vehicle graphics platform is rolling out products to help those stores cater to business customers with customized products retailed at the time the truck or van rolls over the curb. Last week, Wrapmate released a new custom product offering specifically for commercial vehicle dealerships; an end-to-end […] [Read More]

Hertz is charging up its systems to handle a growing number of electric vehicles in its rental fleet by going to the cloud. On Monday, Hertz announced a collaboration with Amazon Web Services (AWS) to modernize and digitize the Hertz customer experience and key components of its new mobility platform, including enhanced data analytics and […] [Read More]

In what we’re proud to call an annual tradition, Cherokee Media Group’s Women in Remarketing program, sponsored by Ally, has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference and Used Car Week. For more than a decade, Women in Remarketing has recognized excellence among the leaders of the […] [Read More]

The potential customer cultivating that DrivenIQ did during NADA Show 2022 in Las Vegas is starting to reap a notable harvest. The technology company that looks to help businesses best advertise to their ideal customers recently announced that more than 250 dealers have signed on to the company’s new DriveBid platform, powered by Black Book. […] [Read More]