Ralph Mahalak Jr. said that when his auto dealership was named one of the CARFAX Top-Rated Dealers last year, he heard many positive responses. “It’s really a special award to us because it comes directly from our customer feedback,” said Mahalak, who is co-owner of the Low Payment Kings’ Mahalak Auto Group in Florida, Michigan, […] [Read More]

CarLotz will open a fourth hub in its home state of Virginia. The company’s co-founder and chief executive officer Michael Bor said he believed the hub would provide growth as the company expands its footprint across the southeast and throughout Virginia. A consignment-to-retail used-vehicle marketplace, CarLotz currently operates its full omni-channel offering out of 11 […] [Read More]

Sonic Automotive has expanded its EchoPark standalone used-car store network, and once again done it through acquisition. The retailer announced the purchase of the Carbiz dealership group on Tuesday, bringing EchoPark into the Baltimore-Washington market. The two-store Carbiz group has a Baltimore location and a Laurel, Md., store, which have been renamed EchoPark Baltimore and […] [Read More]

Ignite Consulting Partners is counting down the days until May 17, which marks the beginning of its in-person compliance training event. After the pandemic forced the firm to cancel last year’s Compliance Unleashed, Ignite Consulting Partners is preparing to host its three-day training session for independent dealerships and finance companies. “We’ve missed our ‘in-person’ relationships […] [Read More]

Two technology providers familiar with independent and buy-here, pay-here dealerships just struck a deal. According to a news release posted on Tuesday, CalAmp and Spireon announced that Spireon has acquired the LoJack U.S. Stolen Vehicle Recovery (SVR) business from CalAmp. Executives said the integration of the LoJack U.S. business bolsters Spireon’s position as a leading […] [Read More]

This month marks one year since U.S. lockdowns began and the subsequent financial fallout that ensued from the COVID-19 pandemic. However, data and survey information from Consolidated Credit and TransUnion arriving this week showed rebounding household incomes and consumer sentiments — perhaps two trends that could help auto-finance companies originate contracts and continue to collect […] [Read More]

After Canada made improvements on the job front during the closing two months of last year, the employment picture turned murky again to begin 2021 triggered by a second wave of lockdowns because of the pandemic. However, experts are expecting the Canadian economy to rebound mightily given monetary and fiscal stimulus combined with a surge […] [Read More]

Spiffy’s value proposition not only is attracting individual consumers and fleet operators for on-demand car care, but investors and entrepreneurs looking to become franchisees are attracted to the technology and services company, too. On Tuesday, Spiffy announced its first batch of franchisees who are adding seven new cities to its growing footprint throughout the United […] [Read More]

In a year like no other, 2020 saw the automotive sector go through major disruptions in production, sales and shifts in key consumer values like dependability and trustworthiness. As a result, a new group of vehicle models are rising to the top in resale value. The J.D. Power 2020 Resale Value Awards are presented to […] [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 Sandra Chafins, who is customer care specialist at ADESA Lexington. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, […] [Read More]