Cross-border vehicle trading platform TRADE X said Tuesday it has reached a deal to buy Techlantic Ltd., a vehicle trading, redistribution and financing company based out of Ontario. Terms of the deal, which closed on Aug. 31, were not disclosed. Last week, TRADE X announced it had closed a financing round in late July. “The TRADE […] [Read More]

Joseph Cioffi, partner at Davis+Gilbert and orchestrator of the Credit Chronometer, returned for another episode of the Auto Remarketing Podcast; this time recorded in person during the Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association. Cioffi and senior editor Nick Zulovich didn’t focus as much on credit or securitizations. Instead, they discussed […] [Read More]

CarLotz will be continuing growth in the Southeast with its first hub opening in Mobile, Ala., later this year. The hub will be located at 3016 Government Blvd. in Mobile.  The company said that its entry into Alabama, as well as its multiple locations in Florida, are a "significant step" toward making its goal of creating the […] [Read More]

Hurricane Ida roared in from the Gulf of Mexico on Sunday and in the following days caused damage from torrential rain and wind from New Orleans to New York City. Fortunately for the auctions within the storm’s path operated by ADESA and Manheim, no significant problems have been sustained at their operations. Auto Remarketing received […] [Read More]

If you have tuned into the start of college football, you may have noticed something new about the Dr. Pepper “Fansville” commercial. This particular one features Clemson quarterback D.J. Uiagalelei, a move made possible by the NCAA’s new policy and state-by-state laws that allow student-athletes to benefit from their own name, image and likeness. While […] [Read More]

Del Grande Dealer Group (DGDG) recently wrapped up a philanthropy project, while Zeigler Auto Group is working to organize an upcoming charity event. Beginning with DGDG, one of the Bay Area’s largest family owned automotive groups partnered with the Subaru Share the Love Event to raise $53,336 for Make-A-Wish Greater Bay Area, a non-profit organization […] [Read More]

Dealer Tire, a Cleveland-based company that helps manufacturers and dealers grow their tire and light maintenance business, named Andrean Horton as partner and chief legal officer. In her role, Dealer Tire said Horton will proactively advise on the company’s growth strategy from a legal perspective, identify potential risks and create innovative solutions and assist in […] [Read More]

AutoFi is continuing to forge relationships with numerous companies that provide financing and perpetuate online vehicle retailing. After connecting with Santander at the end of July and TrueCar during the first part of August, this week AutoFi finalized a relationship with Wells Fargo. According to a news release, the new collaboration supports Wells Fargo’s goal […] [Read More]

Dealers that work with credit unions now each have the potential for more success as two well-known companies in the respective spaces are collaborating. On Thursday, CUDL, one of the nation’s largest credit union financing networks, announced an alliance with J.D. Power and CUDL’s AutoSMART online shopping program to expand inventory visibility for its dealer […] [Read More]

According to a nationally representative survey conducted by personal finance website WalletHub, 87 million Americans will look at vehicles to buy this Labor Day weekend. And WalletHub’s 2021 Labor Day Weekend Survey showed that the top two considerations potential buyers will evaluate are ones that probably shouldn’t surprise dealerships or finance companies. WalletHub said 25% […] [Read More]