Saying that the move makes the car-selling process easier for people who want to sell their depreciating car and collect in appreciating currency, private party vehicle acquisition company Drivably now offers Bitcoin services. Those services are available for private party sellers who prefer that payment method. Drivably received an investment from Porsche Ventures late last […] [Read More]

Editor's note: Includes updated figure from Lithia on total acquired annualized revenues. Lithia Motors & Driveway has expanded its presence in the Southwest with the purchase of Avondale Nissan in Phoenix. The acquisition announced Tuesday would add $75 million in annualized revenue for the retailer. Lithia’s purchases since launching a five-year plan nine months ago […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Emily Barber, who is a partner at State Line Auto Auction.  Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Britney Egbert of Dealers Auto Auction of Idaho.  Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, what aspects of […] [Read More]

Seriously. This value spike hasn’t happened since Black Book started to track week-over-week wholesale price changes in 2009 when smartphones were in their infancy. According to Black Book’s newest Market Insights, wholesale prices increased 1.49%, breaking the previous week-over-week record rise of 1.46% established during the week ending July 25. “Sellers continue to report that […] [Read More]

America’s Car-Mart recently released its first corporate responsibility report as part of its ongoing efforts to increase disclosures and transparency as the network of buy-here, pay-here dealerships celebrates four decades of success. According to a news release, the report highlights the company’s commitment to sustainable business practices and especially its focus on its people, the […] [Read More]

Perhaps triggered by the college basketball tournaments near their climax and Major League Baseball getting set for its season, Agora Data has outlined a competition where buy-here, pay-here could land $1,000. According to a news release, Agora Data issued a challenge to commercial lenders providing credit lines to BHPH dealers. The challenge consists of a […] [Read More]

The Dealertrack Credit Availability Index showed overall improvement in February. But when Cox Automotive looked closer at the segments that often cater to consumers with less-than-prime credit, the trends differed a bit. Analysts reported that credit availability increased in February to a point showing the most accessibility in nine months. The index reading came in […] [Read More]

To help its auction employees and their families pursue their dreams of a higher education, ServNet has opened its 2021 Scholarship Program. Up to 10 awards totaling $20,000 are available in 2021. The program is geared toward full-time and part-time ServNet auction employees, and the children, stepchildren and grandchildren of full-time employees who plan to […] [Read More]

Ian MacDonald said TRADER Corp. is dedicated to reinforcing consumer trust and confidence through fair and accurate pricing. “So it gives us great pleasure to award partners who share this vision,” said MacDonald, who is chief marketing officer for TRADER, in a news release. The company  announced the winners of the 2021 autoTRADER.ca Best Priced Dealer […] [Read More]