Antonio Rajan knows the buy-here, pay-here industry well stemming from his time as chief revenue officer at Autostar Solutions. This week, Rajan took on the same executive position but with Agora Data, which strives to provide BHPH dealers and small to mid-sized finance companies access to abundant and affordable capital. Rajan’s broad industry expertise includes […] [Read More]

This week, the National Independent Automobile Dealers Association continued its revamp of moderators and trainers who will oversee the organization’s dealer 20 groups. Joining Ed Curry, who came aboard last month, NIADA welcomed Bill Elizondo and Ben Goodman, whose backgrounds include all crucial segments of being a buy-here, pay-here operator, from inventory management to underwriting […] [Read More]

Coming off a quarter that included the most profitable one in company history, Santander Consumer USA Holdings wants to keep its momentum by leveraging technology to serve customers throughout the credit spectrum. Along with sharing its second-quarter results, this week SCUSA announced that it will debut an innovative digital auto finance experience that will streamline […] [Read More]

Look for used-car sales this month remain steady with June numbers, but fall 4% from July 2020. That’s according to the latest forecast from TrueCar, which projects 3.7 million used sales for July.    TrueCar is expecting 1.29 million new-vehicle sales this month, which would … [Read More]

The used-car market was a strong suit for publicly traded dealer groups in the first half of the year, including Asbury Automotive Group and Penske Automotive Group, both of which released earnings reports this week. Starting with Asbury, it retailed 50,375 used vehicles during the first half of the year, a 30% increase from the same […] [Read More]

Perhaps, it’s potentially the second-most encouraging development for dealers who are looking for inventory. [Read More]

Just like dealers might be walking away from the lanes because prices are too high, Tom Kontos has a theory that potential buyers might be doing the same thing on dealership lots for similar reasons. The KAR Global chief economist shared his theory in the newest Kontos Kommentary after examining the latest company data and […] [Read More]

United Road wants to be agile and nimble when it comes to being a provider of finished vehicle transport logistics in North America. And the company’s newest executive has experience working with major automotive industry brands that needed those attributes. This week, United Road president and chief executive officer Mark Anderson announced the appointment of […] [Read More]

In addition to a couple moves on the franchised side of its operations, Sonic Automotive said Wednesday it has opened an EchoPark Automotive delivery center in Pensacola, Fla., the fifth new EchoPark location the retailer has announced in the past week. Sonic launched its first Florida location for EchoPark last year, opening a Tampa location […] [Read More]

Accuity pinpointed just how much it costs finance companies, banks and other firms involved in financial services when customer payments do not arrive as scheduled. According to the latest study from the LexisNexis Risk Solutions company, the impact of failed payments is estimated to have cost the global economy $118.5 billion in fees, labor and […] [Read More]