On Wednesday, Dent Wizard International announced of executive promotions that were effective Jan. 1. One of the largest vehicle reconditioning service providers in North America, Dent Wizard elevated Carl Lekebusch to be senior vice president, as well as Dan Bowers to regional vice president for Florida and Tim Forloine II to regional vice president for […] [Read More]

Car Capital began 2022 by staying on the brisk development trajectory it established when launching last spring. The new auto-finance technology company that strives to get any deal bought no matter the consumer credit background closed on another round of financial resources on Tuesday. Car Capital landed a $150 million three-year secured credit facility and […] [Read More]

We’re beginning a new year with a new series as a part of the Auto Remarketing Podcast. Each month, we’ll have a conversation focused on the latest developments and trends connected with fraud happening in auto finance and elsewhere in financial services with experts from Point Predictive. For this first installment, Frank McKenna and Justin […] [Read More]

Autotech Ventures isn’t just forging relationships with startups. On Wednesday, the venture capital firm made a move with a company that’s been in business since 1915. Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions, announced has committed to a $15 million investment in Autotech Ventures in an action the […] [Read More]

Bryanna Cox takes listeners of the Auto Remarketing Podcast into one of the most difficult, yet vital, parts of the automotive industry. The vice president of Asset Resolutions, a full-service repossession and recovery agency in Kingwood, Texas, described how repossession agents are handling the demands put upon them, as the pandemic has impacted their livelihoods […] [Read More]

Though the numbers are not yet final, the used-car market is likely to have reached 40.9 million sales in 2021, which would be roughly a 10% year-over-year gain, Cox Automotive chief economist Jonathan Smoke said in a conference call Friday. And the growth for used-car sales involving a dealer is expected to be even better. [Read More]

The auto industry often talks about the idea of being "better" in the market, but in truth there still is a lot of work to do to before automotive can catch up with other verticals. Time and again, "better" is a marathon and not a sprint — it’s a continual, ongoing drive to fix what is broken, […] [Read More]

Black Book isn’t ready to declare that softening of wholesale prices is making a significant return just because the opening week of 2022 showed some easing on the value front. That’s the leading theme of Black Book’s latest installment of Market Insights released on Tuesday. [Read More]

General Motors said Tuesday it is launching an omnichannel used-car sales platform called CarBravo, where consumers will be able to shop for pre-owned vehicles from both dealer inventory and a national central stock. Non-GM used vehicles will also be included in the program, which lets consumers shop online, in-store or a combination of both. “CarBravo […] [Read More]

With intentions of aggressively expanding its team and plans to nearly double its employee base in the coming year at its corporate offices in Kansas City, Mo., and Bettendorf, Iowa, ProMax filled a pair of top executive positions on Monday. After previously announcing Mike Dullea as chief executive officer, and coupled with additional investments, ProMax […] [Read More]