SWBC now possesses a stronger foothold in the auto-finance market through acquisition. Last week, SWBC announced that it recently acquired the auto claims division of DIMONT, one of the largest providers of specialty insurance and loan administration services to the residential mortgage and auto finance industries based in Dallas. The company highlighted this move allows […] [Read More]

With insurance becoming a great component in the auto-financing process at dealerships and credit providers, LexisNexis Risk Solutions is looking to enhance its tools to track consumers’ behavior, use of insurance and more. Last week, LexisNexis Risk Solutions announced the launch of a new LexisNexis Drive Metrics scoring model, a next-generation telematics-based scoring model for […] [Read More]

Twelve months — and counting — through a pandemic era has done far more than simply disrupt normal business operations for the automotive industry. As a result, various stakeholders are revisiting fundamental assumptions that have been in place for years. The stress caused by uncertainty in the market has created a demand for a new […] [Read More]

The 2022 Chevrolet Bolt EUV is a redesign of the Chevrolet Bolt that brought with it a compelling compact crossover variant. “It’s mechanically the same as the updated Bolt EV electric car but it has a more rugged, SUV-like appearance and more back seat space, making it a little more family-friendly,” Autotrader wrote about the […] [Read More]

Saying this year has been a successful one with new product launches and anticipated sales growth, Mitsubishi Motors North America also said on Thursday it has added 10 new dealer partners to its U.S. network. MMNA also continued investment in upgraded retail facilities, saying it completed construction on Arrotta's Mitsubishi in Spokane, Wash. Mitsubishi renovated […] [Read More]

Automotive dealership brokerage firm, Performance Brokerage Services announced the sale of Pat Peck Kia from Group 1 Automotive to Ryan Mayer of Tameron Automotive. Pat Peck Kia will remain at its current location at 10611 Boney Ave. in D’Iberville, Miss. George Chaconas, adviser for the transaction and the Southeast partner for Performance Brokerage Services said […] [Read More]

The last time that LotLinx chief executive officer Len Short joined the Auto Remarketing Podcast was late April 2020, right in the onset of the pandemic and amid the auto industry's trough.  The market has certainly done a 180 since then. Short is back on the show this week to discuss how auto retail has changed in the last […] [Read More]

AutoNation said the J.D. Power Dealer of Excellence Program, which recognizes U.S. retail dealerships that provide a strong customer sales experience, certified 78 of the retailer's stores for 2021. AutoNation president and chief operating officer Jim Bender described the certification as an outstanding accomplishment for the company’s teams, noting that 54 of the company’s stores […] [Read More]

 vAuto has incorporated a 360-degree spin image capturing application allowing dealerships to take photos and videos of a vehicle’s interior and exterior. vAuto said the application, called SnapLot 360, creates dynamic listing content for online car buyers. The application includes features that vAuto says can provide a more immersive shopping experience for customers. Those include […] [Read More]

ADESA has launched “Off-Lease Exclusive” on ADESA.com, with new filtering and search functionality. With that functionality, dealers gain one-click access to approximately 80% of North America’s off-lease inventory days before it is available through any other auction, according to ADESA. The company said buyers can look for the new teal-colored “star tag” icon on all […] [Read More]