Adding to sister hubs in Tampa and outside of Orlando on Merritt Island, CarLotz said it will soon open its third Florida hub. The company’s co-founder and chief executive officer Michael Bor said its consignment model has been successful in the Sunshine State.  “As CarLotz continues to expand across the Southeast, it’s really exciting to […] [Read More]

Along with boosting its manpower in the Motor City, Vroom has launched its local Detroit hub and what it describes as a more customized driveway experience for 3.4 million people in 740 ZIP codes within a 40-mile radius. That experience includes a more personalized concierge service in which customer advocates transport cars directly to car […] [Read More]

Think of a plant or tree seed. Physically, there’s not much there yet, but with the right environment, care and nutrients, within that seed is a lot of potential for growth. You might think of the used electric vehicle market in the same way. Still deep in its infancy, the seedling could blossom. As it […] [Read More]

Compliance expert Randy Henrick made a return appearance this week on the Auto Remarketing Podcast. Henrick, who welcomes clients via his website at AutoDealerCompliance.net, shared his perspectives on what the compliance landscape has been like so far this year, also discussing a complex new law in Illinois that’s creating challenges for dealerships, finance companies and […] [Read More]

If your independent dealership didn’t already secure a Paycheck Protection Program loan, it’s unlikely you’ll be seeing those federal funds. While the program was originally extended through the end of May, the Small Business Administration announced the exhaustion of PPP program funding on Tuesday. The only entities that now can process these loans are Minority […] [Read More]

CarLotz has named former Amazon Web Services executive William Vallier as senior vice president of technology, describing him as a digital transformation veteran. “His innovative thinking and strong execution skills will strengthen the company’s technology and systems capabilities as we execute on the most dramatic period of growth in our company’s history,” CarLotz co-founder and chief […] [Read More]

Black Book has integrated its data into Vettx, an auto industry software provider, stating that the partnership will provide dealers with more data to make faster, more accurate decisions. Vettx said it makes buying private party vehicles directly from consumers accessible for dealers of any size. In its most recent update, dealers can send SMS […] [Read More]

Through a new pilot program between TrueCar and digital sales platform Roadster, consumers using TrueCar will be able to finalize their car buying deals digitally through an API that integrates into Roadster’s back-end software. TrueCar president and chief executive officer Mike Darrow said that through the pilot program, TrueCar consumers at select dealerships will be able […] [Read More]

If you have read the content for some time generated by us here at Cherokee Media Group, you might already know of my great affinity and respect for repossession agents. Rightfully so, much of our material highlights the exciting parts of the industry, such as digital retailing and financing, as well as the latest technology […] [Read More]

Consumer Portfolio Services is quite impressed with performances by independent auctions. In fact, independent auctions swept all categories, as the subprime auto finance company announced its 2020 Auction Award recipients. Three of the four accolades went to Rawls Auto Auction, which earned honors in all three categories for the large CPS volume auctions. Rawls has […] [Read More]