Santander Consumer USA Holdings (SC) has a significant decision to make. According to a news release distributed just before the Fourth of July weekend, the subprime auto finance company announced that it has received a non-binding proposal from its majority shareholder — Santander Holdings USA (SHUSA) — to acquire all of the outstanding common shares […] [Read More]

It might be hard to begrudge Hertz Global Holdings executives and new board members if they shot off some fireworks ahead of the Fourth of July holiday. This week, Hertz announced that it has successfully completed its Chapter 11 restructuring process and has emerged as a “financially and operationally stronger company that is well-positioned for […] [Read More]

The flurry of dealer group moves continued with activities in California and Texas involving Qvale Automotive Group and Principle Auto. According to a news release from the Presidio Group on Thursday, the investment bank specializing in mergers and acquisitions, capital raising and investments in the auto retail and consumer mobility sectors exclusively advised Bruce Qvale […] [Read More]

Driven Data, which is an advanced software marketing provider and digital marketing agency for the retail auto industry, recently announced the closure of a $4.5 million Series B fundraising round. The company's founder and chief executive officer, Jon Berna, joined the Auto Remarketing Podcast to talk about the pain points Driven Data is trying to solve, […] [Read More]

It’s like the old proverb, “a bird in the hand is worth two in the bush.” Or to put it in automotive parlance, that late-model car a consumer can get their hands on now could be worth more to them than a new version of the same model, holed up in production delays or lack of […] [Read More]

J.D. Power and JM&A Group are leveraging their collective finance-industry knowledge, forming a strategic alliance to develop jointly branded F&I products and services for auto dealers and buyers nationwide. Focused initially on a suite of warranties and service contracts designed to support the growth of vehicle sales, the two companies said in a news release […] [Read More]

Nortridge Software wants to grow so the company created a new position for an executive who has been with the company for 18 years. This week, Nortridge announced that Bret Davis will fill the newly created role of chief product officer, giving him the reigns to make daily product decisions for the Nortridge Loan System. […] [Read More]

Buy-here, pay-here industry advisor Gene Daughtry has seen plenty of vehicles that were in need of some serious TLC before being ready to retail. Sometimes, instead of replacing an engine or transmission — or just send off the vehicle to be scrapped — Daughtry used products offered by JilCat Proline. Now the company’s line of […] [Read More]

In this episode of the Auto Remarketing Podcast, we take a road trip. Well, more like a road race. Kristin Slanina and Mike Landau join the show to talk about the upcoming "Charge Across America" event, which they said will be the first-ever cross-country electric vehicle race. The race will run from Oct. 31 through […] [Read More]

A new chairman for the association representing car dealers in the Big Apple, a San Antonio dealer group using the Texas sun for energy and a Pennsylvania group adds to its store count. Those are among the latest movements among dealer groups this week. Starting with the Greater New York Automobile Dealers Association, the group […] [Read More]