I’ve been in the automotive industry for more than 15 years and, hands down, this is one of the most unusual markets I have ever seen. Despite predictions by industry experts that independent auto dealers would not fare well during the pandemic, they have largely survived and, in some cases, even thrived. Studies by Cox […] [Read More]

Automotive Ventures knows how to orchestrate contests to help startups and other blossoming industry firms, as shown by the success of the NAVIcon Cup at Used Car Week. The latest endeavor from Automotive Ventures surfaced on Wednesday, as the automotive technology, venture capital and consulting firm announced a call for contestants for the Shell Startup Showdown. […] [Read More]

Clashes involving repossession agents, forwarders and finance companies recently brought Jeremiah Wheeler of DRN | MVTRAC into the mix. When agents stopped scanning license plates as a way to create industry attention about repossession fees, the move left Wheeler with a conundrum that he addressed during a frank conversation with Patrick Altes on the Repo […] [Read More]

When Tresl started its operations in 2007, there were just three employees. Now as a firm involved in auto refinance, vehicle lease buyout and fleet vehicle purchase financing and transactions, the company has grown to more than 230 associates who are all part of celebrating Tresl’s 15-year milestone in 2022. “One of our proudest achievements […] [Read More]

More opportunities to enhance the insurance opportunities within your dealership finance office recently arrived. DealerPolicy, a leading insurance marketplace for automotive retail, announced a strategic partnership with APCO Holdings, a leading provider and administrator of F&I products and home to the EasyCare and GWC Warranty brands. With this alliance, DealerPolicy’s innovative and cost-saving personal insurance platform will […] [Read More]

For captive finance companies interested in buying paper lower on the credit spectrum, assistance is coming later this year from defi SOLUTIONS, which recently announced expansion of its partnership with Open Lending. The service providers highlighted the expansion includes an integration with Open Lending’s Lenders Protection platform for captives via the defi XLOS originations product. […] [Read More]

When a global automaker launches an omnichannel used-car sales platform, as General Motors plans to do this spring with CarBravo, it undoubtedly requires a fair bit of back-end infrastructure. SpinCar, which provides digital merchandising services to the auto industry, said Wednesday it will be a part of that CarBravo infrastructure. The company has been added […] [Read More]

With about half the country dealing with cold temperatures, freezing rain, snow or just general winter blah, you also could say that the wholesale market is off to a somewhat chilly start to 2022, as well. Black Book reported in the newest installment of Market Insights that value declines continued to round out the second week […] [Read More]

NuVinAir Global now is firmly entrenched in the Tar Heel State. The company that offers a suite of patented and proprietary products aimed at safely creating healthy vehicle interiors announced the expansion of its franchise program to North Carolina. According to a news release distributed on Tuesday, Brad Scott, who joins from Avis Budget Group […] [Read More]

Sonic Automotive said Tuesday it has purchased Sun Chevrolet in Chittenango, N.Y., following its acquisition of three Used Car King pre-owned stores from same group back in December 2020. Joe Caputo founded Sun Chevrolet in 1979. He and son Todd Caputo ran that store along with the three used-car standalone stores in Central New York. […] [Read More]