LendingClub Corp., the parent company of LendingClub Bank, is looking to be in a position to capitalize on the growing volume of auto refinancing. After first launching its auto refinance product five years ago in California, LendingClub recently announced it has expanded its program footprint to include 40 states, covering 94% of the U.S. population. […] [Read More]

CarLotz is going Mobile. Alabama, that is. The consignment-to-retail used-car marketplace is opening its first-ever hub in the state on Monday. In addition to this facility — located at 3016 Government Blvd. in Mobile — CarLotz plans on opening a second Alabama hub this month in Huntsville. “Our continued expansion in the Southeast and entry […] [Read More]

In an effort to help dealer inventory stand tall on the front line and store website, Rapid Recon announced two new features to give users of its reconditioning communications and workflow software more flexibility, operating insight and consumer engagement. According to a news release distributed on Thursday, the enhancements include new executive summary and a […] [Read More]

TrueCar has hired a new senior vice president of product, naming Rich DiStefano to the position. His experience includes time heading up social commerce at Walmart;  mobile and omni-channel product strategy at Hilton Hotel; and mobile commerce at Ticketmaster and Live Nation, where he led the development of mobile ticketing. DiStefano’s experience also includes time […] [Read More]

America’s Auto Auction has named a new assistant general manager for its Virginia Beach, Va., location, hiring Derek Simmerman to the position at America’s Auto Auction Virginia. Simmerman has spent the last seven years in the independent auto auction community, where his background includes fleet/lease management, customer service and marketing. He came over to America’s […] [Read More]

This week, Foundation Automotive and Group 1 Automotive each described their latest charity endeavors. Beginning with Foundation, two of its stores — Kramer Chevrolet and Kramer Subaru — hosted their 15th annual Military and Customer Appreciation Event and Car Show on Sept. 11 with all proceeds going directly to the North Dakota National Guard Emergency […] [Read More]

In another Auto Remarketing Podcast episode recorded in person during Used Car Week, DRN | MVTRAC president Jeremiah Wheeler returned to share insights about what the newest company data is showing. Wheeler touched on how transient people still are as well as how license-plate recognition data is continuing to help find vehicles that need repairs […] [Read More]

This week, industry veterans Brian Reed, Steve Greenfield, Andrew Gordon and Pete Batten formed a team they’ve called Automotive Market Data. And the team launched what it believes is the first-ever digital retailing market share database to inform dealers, investors and vendors — in real-time — about the automotive digital retailing landscape. According to a […] [Read More]

AutoBuy provides a marketplace for dealers to buy used-car inventory sourced from consumers. Mark Maida, co-founder and chief executive of the company, joins the show to talk about the business model and how it's different than other car-buying models, the expansion of its footprint and more. To listen to the episode, click on the link available below, […] [Read More]

Cherokee Media Group recognized its 2021 Used Car Awards winners, a program sponsored by KAR Global, at Used Car Week in November. The  conference was held Nov. 15-18 at Red Rock in Las Vegas. Spotlighted during the Used Car Awards Luncheon, also sponsored by KAR, were Andy Mohr Ford, the 2021 Franchise Dealer of the Year, […] [Read More]