Along with finalizing a commercial agreement with Inmar Intelligence, Modal, which  that provides e-commerce tools to dealers and brands, this week announced its newly appointed chief executive officer. Taking over the role is an executive who already has been with the company since last August, as chief operating officer Sameer Bhalla has been chosen to […] [Read More]

Carvana announced both its entry into Nebraska and a new milestone on Wednesday: surpassing 300 overall markets. The used-car ecommerce platform is now available in Omaha (its 300th market) and Lincoln (No. 301). “It feels like not so long ago that we launched our first market and set out to change the way people buy and […] [Read More]

MotoRefi not only secured more funding, the fintech startup that helps consumers refinance their installment contract also gained an important pathway into the credit union market. On Wednesday, MotoRefi announced a $5 million investment from Curql Fund. With the investment, MotoRefi said it has officially become a credit union service organization (CUSO). According to a […] [Read More]

The past two weeks have been quite eventful for AutoFi. After finalizing a relationship with Santander Consumer USA, the platform for end-to-end digital automotive sales and financing announced it has teamed up with TrueCar to provide customers with an “easy and seamless” process to explore auto financing directly from the TrueCar marketplace. According to a […] [Read More]

On Wednesday, Cherokee Media Group proudly announced this year’s honorees for Women in Auto Finance, an awards program presented by American Recovery Service (ARS). The highest total of nominations for the 3-year-old honors initiative arrived this year as women who thrive in specialties such as technology, law, accounting, sales and human resources all are in […] [Read More]

StoneEagle F&I chief executive officer Cindy Allen made her first appearance on the Auto Remarketing Podcast to recap the journey dealerships have made through the pandemic to generate notable profits via their finance offices. Allen also touched on how dealers can sustain that momentum for the remainder of the year and into 2022. To listen […] [Read More]

For the newest installment of Market Insights that covered the week that ended on the last day of July, Black Book used a moniker that might be quite delighting to dealers and a potential signal to consignors for some strategy modification. Analysts arrived at their assertions after seeing that wholesale prices softened another 0.54% last […] [Read More]

AutoWeb has purchased used-vehicle acquisition platform CarZeus from founder Phil Kandera and McCombs Family Partners in a $400,000 all-cash transaction announced Monday. CarZeus, which is currently available in the San Antonio market, is designed to buy cars directly from consumers and then wholesale those vehicles. Bringing CarZeus into the AutoWeb fold can help the company […] [Read More]

As part of its "50-50 strategic plan" — through which the company aims to reach $50 billion in revenues and $50 in earnings per share over five years — Lithia & Driveway said Tuesday it has expanded the senior leadership in its marketing department. That includes the hiring of a chief marketing officer. Appointed to the […] [Read More]

CarLotz closed a busy July with its third announcement in connection with a major market hub. Having already shared details about hubs in Los Angeles, Las Vegas and Denver, the consignment-to-retail used-vehicle marketplace last week announced it will open a second hub in Texas to serve customers in the greater Dallas area. CarLotz said the […] [Read More]