In a message sent to SubPrime Auto Finance News on Tuesday, U.S. Equity Advantage (USEA) and chief executive officer Robert Steenbergh explained how they ended up entering into a consent order with the Consumer Financial Protection Bureau when the payment processing firm reached “a bridge too far” during its dialogue with the regulator. To recap, […] [Read More]

Drivably, a company that uses artificial intelligence to help dealers acquire used-car inventory from private parties, has lined up an investment from Porsche Ventures. The company said it will utilize the investment to expand its technology and footprint. Drivably’s technology uses deep analytics to help dealers buy vehicles from consumers at scale. It also provides […] [Read More]

Carvana sold its first car in Atlanta in 2013. Since then, the company has opened car vending machines across the United States. On Wednesday, Carvana said it was opening its 27th car vending machine, and the company said that would be in Atlanta, the city where it all started. “It’s fitting that our flagship location is […] [Read More]

In this episode of the Auto Remarketing Podcast, Drivably chief executive officer Tyler Hall is back on the show to talk about the company's investment from Porsche Ventures, Drivably's growth in the past year and its expansion plans. Plus, he explains why the private-party market is such an important area for dealers to tap into. To […] [Read More]

A former member of the buying team at CarMax now is in a leadership position at Carolina Auto Auction. General manager Eric Autenrieth recently announced that Kaci Kartikis has joined Carolina Auto Auction as its assistant general manager of sales and marketing.  When describing what Kartikis brings to the operation, Autenrieth said, “Kaci has a strong […] [Read More]

Digital marketing platform AutoWeb has appointed former Cox Automotive finance and operations leader Michael Sadowski as executive vice president and chief financial officer. In the position, Sadowski succeeds J.P. Hannan, who will remain with the company briefly to facilitate the transition. Sadowski’s appointment is effective Nov. 30. Sadowski’s financial and operational background includes more than […] [Read More]

CARFAX Canada said Friday it has revamped its Vehicle History Reports’ design, with the goal of making it easier for consumers to grasp a car’s history and to see the information needed to make the best buying and selling decision. Among the features of the new design is a summary section at the top of […] [Read More]

On Monday, Auto/Mate rolled out a new enhancement for fixed-ops to its suite of dealership solutions. The business unit of DealerSocket introduced Recommended Services, a new, complimentary upgrade for users of its dealer management system’s service merchandising module. Auto/Mate highlighted that Recommended Services can enable both service advisors and technicians to suggest additional work for […] [Read More]

When it comes to digital financing through dealerships and finance companies, the genie is out of the bottle. The toothpaste is out of the tube. Pick whatever analogy you want to use, as J.D. Power put it: customers “won’t go back to the old way of doing things.” According to the J.D. Power 2020 U.S. […] [Read More]

On Monday, Wolters Kluwer released the fourth phase of its revamped website; a process that began in June aimed at offering a unified digital experience for visitors. Wolters Kluwer highlighted its website focuses on showcasing expert solutions and the company’s expertise to provide timely, actionable insights that can empower visitors to make informed decisions and […] [Read More]