Francis Gojcaj spent nearly eight years with Cox Automotive after being with RouteOne for almost six years. Now he’s one of the founders and chief revenue officer at LenderAuto, a new service provider that’s out to help banks gain more traction in auto financing. While in North Carolina for this year’s Auto Intel Summit, Gojcaj […] [Read More]

EFG Companies promoted 21-year retail automotive veteran James Colman to regional vice president of dealer services, and for good reason, based on details mentioned in a company press release distributed on Tuesday. EFG highlighted Colman leads his team that generates a current average PRU across its client base of $2,051 through an “exceptional level of service […] [Read More]

Ken Hill, managing director of 700 Credit, acknowledged during this episode of the Auto Remarketing Podcast that he’s a “credit geek.” While that might sound like a negative moniker, Hill offered his expertise on the impact that dealers are facing because of the enhancement of the Safeguards Rule by the Federal Trade Commission as well […] [Read More]

AutoNation reported its first-quarter results in mid-April, sharing a solid start to the year for used-car sales and more Sonic Automotive announced its Q1 performance shortly after. Sonic’s highlights included quarterly revenues hitting record levels. The following explores both auto retail giants’ respective performances during the quarter, and their plans for the future amid a […] [Read More]

After a gradual softening, Black Book noticed that overall wholesale market values increased for the first time since the week before Christmas. According to the newest installment of Market Insights released on Tuesday, Black Book reported that overall wholesale prices ticked up … [Read More]

Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Deann Flora, who is regional remarketing manager at Capital One.  Auto Remarketing: What is the top trend you’re watching in remarketing/ wholesale automotive this […] [Read More]

ACV said Monday it has launched a self-service portal for dealer customers using ACV Capital’s floor plan services. Dealer customers will be able to access a seamless post-auction financing solution through the floor plan program in the portal, which is now available. The self-service portal, which is located in the top navigation bar on the […] [Read More]

Penske Automotive Group has added two new brands to its existing portfolio in the Indianapolis market with the acquisition of Terry Lee Hyundai and Genesis in Noblesville, Ind. The purchase bumps Penske’s total expected acquired annualized revenue this year to roughly $745 million. “We are pleased to add the Hyundai and Genesis brands to our […] [Read More]

Canada Drives has added a new province to its footprint: Saskatchewan. With this expansion, the online platform — which allows consumers to buy, sell and trade in vehicles — is now available in four provinces: Saskatchewan, Alberta, British Columbia and Ontario. “We’ve built the trust of thousands of Canadians and have proven that Canada Drives’ exceptional service […] [Read More]

Tricolor is more than just retailing vehicles in the Hispanic market nowadays. Last week, Tricolor announced a $212 million social bond — what the company claims is the first ever in the United States collateralized by consumer auto asset backed securities (ABS) — to empower underserved, low-income communities and provide them with improved access to […] [Read More]