Westlake Financial certainly appears to see immense value in the potential of subscriptions of used vehicles, saying that they might be at the development stage where leasing sat four decades ago. In fact, the company pegged that possible value at $400 million. Late Thursday, NextCar Holding Company (NXCR), a fintech and insurtech vehicle subscription platform, […] [Read More]

Roger Dean Chevrolet, located in West Palm Beach, Fla., is now Mike Maroone Chevrolet,  as Maroone USA takes on full ownership of the dealership. Maroone USA, which operates six dealerships in Florida and Colorado, said it partnered in 2017 with Patty Dean, daughter of namesake Roger Dean, to jointly own and manage the West Palm […] [Read More]

Ford’s model-level strength helped it perform well in the eighth annual Vincentric Best Certified Pre-Owned Value in America Awards. Although Ford won more model-level awards than any other brand with eight, Toyota and Honda also had a strong showing with four model-level awards each. Vincentric president David Wurster said many people in the United States […] [Read More]

For Ford and Lincoln dealers that don’t already capture enough off-lease turn-ins to meet their inventory requirements, Ford Credit’s dealer-direct purchasing site, Accelerate, is now integrated with vAuto’s Stockwave used vehicle platform. In an effort to save time and energy, vAuto explained in Thursday’s announcement that the new integration can help eliminate the guesswork of […] [Read More]

Tricolor, the used-vehicle retailer focused on Hispanic customers, recently added to leaders to its board of directors to help it to capitalize on consumer demand for its products and the appeal of its unique mission-driven, risk scoring platform powered by artificial intelligence. Kathryn Petralia, the co-founder and president of Kabbage, and Antonio Garza, who previously […] [Read More]

The Indianapolis Business Journal named Byrider’s Steve Mark as one of the publication’s Chief Financial Officer of the Year honorees this week, recognizing individuals who have demonstrated outstanding performance as financial leaders of their organizations. During his time at Byrider as CFO, the buy-here, pay-here franchise network highlighted that Mark made preparedness and transparency top […] [Read More]

Buy-here, pay-here dealership expert and senior consultant for AMS Consulting Gene Daughtry returns for another podcast episode to share some of the most valuable lessons he and independent operators learned during the pandemic. Daughtry also has a handful of suggestions to help owners start 2021 positively. To listen to the entire conversation, click on the link […] [Read More]

Finance companies likely remember what happened during the Great Recession 12 years ago when the credit market seized up as bad a car engine without oil. The Federal Reserve reiterated the significant steps it’s taking to ensure finance companies have the raw material to keep their portfolios growing. But the pace providers might be buying […] [Read More]

If you’ve heard the term “SPAC” a lot in the used-car market this year, you’re not alone.   The term refers to a “special purpose acquisition company,” and at least two well-known used-car players have merged or announced plans to merge with publicly traded SPACs as a means of going public this year. They're taking […] [Read More]

There's a new player in the vehicle-history space.  VINData Products, led by veterans of this space, has launched a vehicle history service designed for a wide scope of the used-car business: commercial users, dealers, auctions and consumers, alike.  Edie Hirtenstein and Adam Siner joined the Auto Remarketing Podcast earlier this week to share the story […] [Read More]