If your independent dealership didn’t already secure a Paycheck Protection Program loan, it’s unlikely you’ll be seeing those federal funds. While the program was originally extended through the end of May, the Small Business Administration announced the exhaustion of PPP program funding on Tuesday. The only entities that now can process these loans are Minority […] [Read More]

CarLotz has named former Amazon Web Services executive William Vallier as senior vice president of technology, describing him as a digital transformation veteran. “His innovative thinking and strong execution skills will strengthen the company’s technology and systems capabilities as we execute on the most dramatic period of growth in our company’s history,” CarLotz co-founder and chief […] [Read More]

Black Book has integrated its data into Vettx, an auto industry software provider, stating that the partnership will provide dealers with more data to make faster, more accurate decisions. Vettx said it makes buying private party vehicles directly from consumers accessible for dealers of any size. In its most recent update, dealers can send SMS […] [Read More]

Through a new pilot program between TrueCar and digital sales platform Roadster, consumers using TrueCar will be able to finalize their car buying deals digitally through an API that integrates into Roadster’s back-end software. TrueCar president and chief executive officer Mike Darrow said that through the pilot program, TrueCar consumers at select dealerships will be able […] [Read More]

If you have read the content for some time generated by us here at Cherokee Media Group, you might already know of my great affinity and respect for repossession agents. Rightfully so, much of our material highlights the exciting parts of the industry, such as digital retailing and financing, as well as the latest technology […] [Read More]

Consumer Portfolio Services is quite impressed with performances by independent auctions. In fact, independent auctions swept all categories, as the subprime auto finance company announced its 2020 Auction Award recipients. Three of the four accolades went to Rawls Auto Auction, which earned honors in all three categories for the large CPS volume auctions. Rawls has […] [Read More]

HGreg.com showed again on Wednesday why it’s one of the fastest-growing automotive groups in North America. The company announced that it has acquired Buena Park Nissan and Puente Hills Nissan, two established retailers located in the greater Los Angeles area. According to a news release, the total value of the investment, including a robust inventory […] [Read More]

After being named a finalist in three categories, Tresl claimed a pair of honors in the US FINTECH Awards program, presented by FinTech Intel. During the pre-recorded US Fintech Awards ceremony held last week, the web-based platform for buying and selling vehicles was named the recipient as the Employer of the Year, while marketing manager […] [Read More]

In what the companies are calling an all-stock merger of equals, RateGenius Loan Services and AUTOPAY Direct announced on Tuesday that they have entered into an agreement to combine. According to a news release, the transaction, which is expected to close within the next 60 days, has been unanimously approved by the board of directors […] [Read More]

Toyota doesn’t want to just place vehicle buyers into Camrys and RAV4s at its franchised dealerships. The automaker also is looking help their customers secure the necessary insurance for those vehicles right there at the Toyota store, too. And the OEM took a significant step toward that objective recently, as Toyota Insurance Management Solutions (TIMS) […] [Read More]