In a late-July interview with Auto Remarketing, Sonic Automotive president Jeff Dyke discussed the group’s potential for expansion in regions of the country where it wasn’t yet operating. Such growth came to fruition in a big way Wednesday, as Sonic announced it has agreed to purchase RFJ Auto Partners for $700 million — a move set […] [Read More]

More reasons why Cherokee Media Group added the National Auto Venture & Investors Conference to Used Car Week arrived on Monday from Bain & Company. Bain’s second annual global technology report explores the impact of tech on business, consumers, economies, geopolitics and broader society. Firm experts said technology has cemented itself at the foundation of the […] [Read More]

Zest AI, provider of software for underwriting driven by artificial intelligence, recently won the 2021 Finovate Award for Best Use of AI/ML. The company highlighted the award goes to the bank, financial institution, or fintech that uses artificial intelligence/machine-learning technology to the greatest effect, creating new capabilities that are only possible through AI/ML. The Finovate […] [Read More]

Two firms that look to offer critical information to help potential vehicle buyers navigate the path toward financing now are working together. Officials from 700Credit — a leading provider of credit reports, compliance solutions and soft pull products — recently announced a product alliance with TradeVue, a web-based and mobile-ready vehicle appraisal tool. The companies […] [Read More]

Debexpert chief executive officer Ivan Korotaev has run financial services companies with presences throughout Europe and southeast Asia. Korotaev then saw potential success for an online auction of the sale of bad debts here in the United States. Debexpert not only continues to operate in the charge-off space, but will begin to offer online auctions of […] [Read More]

It's now easier for dealers to access and participate in live, auctioneer-led Manheim sales from anywhere, says the auction giant. That's because the Cox Automotive company has launched an enhanced Simulcast experience for its dealer customers on its mobile app.  Dealers continue to turn more and more to digital platforms for their wholesale buying needs. […] [Read More]

Dealer management system provider DealerCenter has chosen FlickFusion to provide video marketing and communications for its DMS platform. The companies explained the partnership will make it easier for used-car dealership clients to create and use videos and "interactive 360-spin presentations" in the effort to improve inventory merchandising and lead follow up and video email campaigns.  […] [Read More]

Digital marketing dealer tech company PureCars has chosen a new chief revenue offer and a new chief marketing officer in an effort to accelerate growth through brand strategy and acquisition, the company shared.  Guy Super has been chosen as the new CRO and Kate Colacelli as CMO.  "Guy and Kate demonstrate not only the growth PureCars has experienced, […] [Read More]

Fashion-forward used-car managers likely already know that wearing white after Labor Day isn’t frowned upon like it used to be. Black Book is seeing another trend after Labor Day in the wholesale market that’s different from what dealers often have seen in past years, especially if they’re looking for late models that could serve as […] [Read More]

AutoNation will have a new chief executive officer on Nov. 1. Mike Manley, who is head of Americas for Stellantis, will take over for Mike Jackson, who is retiring from his post as AutoNation CEO and board member. Manley will also become an AutoNation board member. “I am excited to join AutoNation and the executive […] [Read More]