The busy month for ComplyNet continued this week when the provider of end-to-end compliance and risk mitigation solutions announced the release of ABLE, which is designed to be an intuitive, easy-to-use, and comprehensive compliance management system. ComplyNet highlighted that ABLE can guide dealerships through compliance protocols in an environment that is both collaborative and creative.  The […] [Read More]

Black Book identified “the real winners right now” amid a wholesale market where prices are still softening and the estimated average weekly sales rate has not jumped like this time last year. Analysts determined wholesale values dipped another 0.51% during the week that closed in between St. Patrick’s Day and the first day of spring; […] [Read More]

Average gas prices in the U.S. were at $4.239/gallon on Monday, which is $1.374 higher than they were a year ago, according to the U.S. Energy Information Administration.  It’s no wonder, then, what has happened to the cost of used vehicles that run on alternative sources of energy, even amid a market already inflated by material […] [Read More]

Buy-here, pay-here dealers as well as lease-here, pay-here operators now have another option for reinsurance products. On Tuesday, MEI Group announced the launch of Empire Indemnity Insurance Co., RRG and National Lenders General Agency, specializing in reinsurance products for dealerships and finance companies in the BHPH, LHPH and point of sale markets. According to a […] [Read More]

Agora Data is trying to be an industry pioneer in multiple ways. After being successful multiple times with group securitizations involving paper originated by buy-here, pay-here dealerships, the company that strives to provide BHPH dealers and small to mid-sized finance companies access to abundant and affordable capital has filed a U.S. patent application with the […] [Read More]

It’s getting difficult to keep a running count of how many automotive mergers and acquisitions there have been in recent months. Another one in the F&I world surfaced on Monday, as Protective Life Corp., a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, announced that its principal subsidiary, Protective Life Insurance Co., has entered into an […] [Read More]

While recorded earlier this month in Las Vegas during the Vehicle Finance Conference (an event hosted by the American Financial Services Association), this episode of the Auto Remarketing Podcast is focused on the Canadian market. Senior editor Nick Zulovich connected with Vladimir Kovacevic, who is chief executive officer and founder of Inovatec Systems Corp. Kovacevic […] [Read More]

Sonic Automotive and its EchoPark Automotive subsidiary have their first-ever chief technology officer. Hired to the role is Stephen Carvelli, who was most recently vice president of software development engineering for Comcast Corp. His 25-plus years of tech experience includes technology strategy, implementation and digital retail roles at places like Lowe’s, Chico’s and American Eagle. […] [Read More]

Next up on our Auto Remarketing Podcast series from NADA Show 2022, senior editor Joe Overby reconnects with TrueCar chief executive officer Mike Darrow to talk about TrueCar+, which enables the company to become a "modern-day marketplace" to connect dealers and consumers online. Darrow talks about the TrueCar+ pilot in Tampa, continued rollout, marketing plans and […] [Read More]

In addition to some more automotive-specific news earlier this month, DrivenIQ, which specializes in data and data technologies that help businesses target their advertising to the most ideal audience, said Friday it has acquired Visitor Data Inc. In a news release, the company said the main reason it bought Visitor Data was, “for its double […] [Read More]