Agora Data recently rolled out another tool for buy-here, pay-here dealers to get the financial resources they need to compete with well-capitalized competitors. The company that previously launched the first crowdsourced securitization for the BHPH industry recently launches another financing innovation with what Agora Data said is first-ever reducing interest rate line of credit. Agora […] [Read More]

Byrider recently honored the top performers within its network of buy-here, pay-here dealerships and franchisees. During the company’s annual convention on Nov. 13 in Scottsdale, Ariz., Byrider chief executive officer Craig Peters said, “We’re proud to recognize our franchisees and their teams each year at our annual convention. Their commitment to helping their customers move […] [Read More]

At Advantage GPS, company executives and experts are charged up about batteries nowadays. The company recently launched what it’s calling Revo 2.0 — a family of advanced, self-powered wireless GPS tracking devices with cutting-edge, second-generation smart battery technology and power management tools. As one of the first to market with a line of wireless, battery-powered […] [Read More]

Sonic Automotive continues to expand its standalone used-car store program, announcing Tuesday that it has opened an EchoPark delivery center in Augusta, Ga. This is Sonic’s third EchoPark facility in the state and 32nd overall. “With the opening of our newest EchoPark delivery center, we continue to grow our network in the state of Georgia, […] [Read More]

AutoVerify announced earlier this month that it has integrated iA Dealer Services products into its AutoVerify Spotlight piece of its digital merchandising solution. This partnership is designed to help dealers boost F&I penetration. AutoVerify said it can give dealers a “one-stop-shop” for digital retailing, as its Spotlight, Research and E-Commerce functions are designed to help dealres […] [Read More]

Along with being the “excellence of titling execution,” PDP Group account executive Deshaun Sheppard also serves as the diversity, equity and inclusion committee chair for the company that provides title administration solutions for finance companies and other parts of the automotive industry. For this episode of the Auto Remarketing Podcast recorded in person during Used […] [Read More]

In an Auto Remarketing interview late last month, Sonic Automotive chief financial officer Heath Byrd was discussing the M&A landscape in auto retail, and said that, “other than shortage of inventory in new, there's probably not a better time in our lifetimes to be in automotive retail.” He added: “And even (with) the shortage, we've […] [Read More]

Although the pandemic was still a major force in the world, the automotive industry entered 2021 having rebounded from the earliest days of the shutdowns. If anything, automotive brands and dealers found themselves having to address a lack of inventory, not a lack of demand from shoppers. Automotive marketers all over the U.S. have continuously […] [Read More]

NextCar, which is the Scott Painter- and Georg Bauer-led fintech and insurtech vehicle subscription platform, announced last week it has finished the acquisition of the Autonomy brand and intellectual property library. NextCar purchased Autonomy from Micro Focus. The deal includes the Autonomy.com global domain along with various country and subdomain extensions, plus trademark applications, awards […] [Read More]

November has been another active month at Carvana, which like many used-vehicle retailers is dealing with the headwinds of high wholesale prices and limited supply. Still, Carvana not only expanded its Midwest footprint in November, the retailer also added the 29th and 30th vehicle vending machines to its marketing portfolio. Carvana now offers as-soon-as-next-day vehicle […] [Read More]