Several noteworthy events happened in August of 1981, including the launch of MTV, IBM beginning sales of personal computers running the Microsoft operating system, the end of strike in Major League Baseball and the start of the buy-here, pay-here industry journey of America’s Car-Mart. Now one of the largest publicly held automotive retailers, Car-Mart is […] [Read More]

National Automotive Finance Association president Joel Kennedy appeared again on the Auto Remarketing Podcast less than three weeks ahead of the Non-Prime Auto Financing Conference that begins on Aug. 30 in Plano, Texas. Kennedy discussed how the organization is continuing after the passing of executive director Jack Tracey earlier this summer, as well as how eager […] [Read More]

You don’t even have to hit the “gas,” per se, for these used vehicles to move quickly. The latest report from iSeeCars.com shows that the three fastest-selling used vehicles in July were all electrics. Topping the list and taking an average of just 15.7 days to sell last month was the Tesla Model 3, followed […] [Read More]

Engaged dealership personnel might be engaging with potential buyers via text message more than ever nowadays. Recognizing the growing influence of text communication in dealer/buyer engagement, Fox Dealer recently announce the acquisition of Simplext Digital immediate response solution and the formation of a partnership with LetzChat, a text-and-chat platform providing real-time translation in more than […] [Read More]

With dealer inventories tight, it’s getting more challenging for consumers to find the vehicle they want. Swapalease.com shared its second quarter Auto Lease Trends Report on Tuesday, illustrating how the situation is unfolding in that industry segment. Among the key trends Swapalease.com identified in its second-quarter lease data, analysts highlighted: • Tesla searches are up […] [Read More]

Following an April launch on the fleet side, Spiffy’s first franchise group in San Jose, Calif., is now providing on-demand car care services to consumers there. The franchise’s co-owners and operators are Alina Siert, Matt Siert, Lucille Sablan and Eric Sablan. The group also owns a LeanFeast franchise. In a news release, Spiffy said a […] [Read More]

Car IQ is looking to make payments easier for fleet managers to track and drivers of fleet vehicles to make when they’re behind the wheel. The company that developed a payment solution specifically for fleet vehicles, on Wednesday announced it has raised $15 million in Series B funding. Car IQ said through a news release […] [Read More]

In less than a year, car-ownership app Jerry forged an investment path to value the company at $450 million. The latest stop on the journey happened on Tuesday when Jerry announced the completion of a $75 million Series C funding round led by Goodwater Capital. The company highlighted the latest financing was completed just seven […] [Read More]

Sometimes, one of the most challenging parts of vehicles changing ownership is completing the title work. Champ Titles is trying to smooth that process and now has more financial resources to do so. On Wednesday, the technology company that looking to modify the way that vehicle titles are created, managed and transferred in the United States, […] [Read More]

Robert Steenbergh is being rewarded for executive leadership that began long before the pandemic. According to a news release, the US Equity Advantage (USEA) founder and chief executive officer has been named one of the 2021 CEOs of the Year by the Orlando Business Journal. The annual program recognizes the highest-level company executives in central […] [Read More]