Senior editor Nick Zulovich spent part of his time in Denver for the North American Repossessors Summit sharing another conversation for the Auto Remarketing Podcast with Jeremiah Wheeler, who is president of DRN and MVTRAC. In light of inflation pushing up the costs of gas and other life necessities, Wheeler offered insight stemming from company […] [Read More]

For our monthly installment of the Auto Remarketing Podcast focused on fraud, Justin Davis and Frank McKenna of Point Predictive recapped the roundtables they orchestrated in June in conjunction with the Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association. The roundtables included representatives from captives to related finance companies at buy-here, pay-here […] [Read More]

Black Book said in its newest installment of Market Insights that overall wholesale prices softened slightly for the first time since the week of April 18. However, with fuel costs still at unprecedented levels, values for compact cars now have climbed for [Read More]

The investment community continues to push funds into the fleet sector. On Tuesday, Castlelake, a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities, announced that as part of its income investing strategy, it has reached an agreement to provide up to $155 million in fleet financing to Voyager Global […] [Read More]

With S&P Global Ratings acknowledging that the U.S. economy “could be facing an unhappy summer,” LendingClub Corp. released findings from the 11th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. LendingClub highlighted the Financial Distress Factors Edition examined the financial lifestyle of U.S. consumers who live paycheck to paycheck, the […] [Read More]

Dare Saul wanted to raise money for the NIADA Foundation. And the Arkansas operator wanted a highline model he could immediately list online, too. Saul accomplished both goals last week during the final day of the NIADA Convention at the MGM Grand in Las Vegas. Saul, owner of D3 Auto Sales in Des Arc, Ark., […] [Read More]

Many folks love to vacation either in south Florida or Las Vegas. Lithia & Driveway are looking to retail more vehicles to potential buyers who might reside in those locations. The company announced on Tuesday it has expanded its south Florida footprint with the purchase of nine Lehman Auto World stores and two Esserman International […] [Read More]

Mergers and acquisitions are happening in automotive adjacent industries, too. On Monday, carsales.com, one of the largest online marketplaces in Australia focusing on the automotive, motorcycle, and marine spaces, announced the intention to purchase the remaining 51% of Trader Interactive from the current investors, Eurazeo and Goldman Sachs Asset Management to bring its holding up […] [Read More]

Evidently, ACV is a great place to work. The digital automotive marketplace and data services partner for dealers and commercial partners announced on Monday that it has been named one of the Best Workplaces in New York in 2022 by Great Place to Work and Fortune. The Fortune Best Workplaces in New York accolade is […] [Read More]

Dealer Image Pro recently announced results from an industry survey it commissioned to better understand how dealers are using vehicle photography and video to best merchandise cars and trucks in today’s digital retailing landscape.  Dealer Image Pro presented an online survey to more than 3,000 automotive dealer professionals during June. According to a news release, […] [Read More]