While the industry was getting ready to celebrate the holiday season, Chicago-based MAX Digital made a major executive move, hiring Robert Granados as its chief executive officer to drive innovation and growth in the company’s core inventory management and merchandising business. According to a news release, Steve Fitzgerald will continue as MAX Digital president, working […] [Read More]

Veteran sales executive Bill Reidy has joined VIN asset management system LotLinx as chief revenue officer. Reidy has worked to grow and manage large enterprise customers, which LotLinx said makes him a strong asset toward its efforts in solving pain points and eliminating waste in the dealership sales process. LotLinx said the announcement marks a […] [Read More]

This story appears in Auto Remarketing's upcoming Leading Dealer Groups issue. A sneak preview is available here to Cherokee Media Group Premium subscribers.  When it comes to its AutoNation USA standalone used-car stores, the nation’s largest auto retailer has “paid our tuition” and is embarking on a decade-long doctoral in pre-owned cars, so to speak. […] [Read More]

Used pickup truck sales remained strong and grew during the pandemic, as other segments declined. iSeeCars executive analyst Karl Brauer said consumers needed the pickups for work. iSeeCars.com, a car search engine, recently conducted an analysis of the most popular used and new cars across the country, and the Ford F-150 topped the list of […] [Read More]

Digital license plate developer ReviverMX has entered into a relationship with Best Buy in which Best Buy auto stereo installation departments will perform installation services for Reviver’s Rplate and Rplate Pro digital license plates. The installations will take place at about 1,000 Best Buy retail locations nationwide, and Reviver founder and CSO Neville Boston said […] [Read More]

The new year is opening with mergers coming to fruition. On the heels of a development involving First Investors Financial Services, Sonsio, a leading provider of vehicle protection and warranty programs to the automotive aftermarket, announced its merger with Evolution, Dent Wizard’s F&I vehicle protection division. The merger, which was effective Jan. 1, creates one […] [Read More]

A year-long project commissioned by the Consumer Financial Protection Bureau produced quite a rundown of suggestions for the regulator as well as state and federal lawmakers and agencies on how they could improve. The CFPB Taskforce on Federal Consumer Financial Law, which includes Hudson Cook partner Jean Noonan, released a two-volume report on Tuesday with […] [Read More]

The Financial Crimes Enforcement Network (FinCEN), which is a part of the Treasury Department, is encouraging banks and credit unions to share information about financial crimes. ID Insight, a Minneapolis-based firm that develops solutions to prevent account takeover and new-account fraud, announced this week that it is applying its award-winning fraud-mitigation technology to launch the […] [Read More]

TruDecision opened 2021 with a reinforced executive team. The Emerging 8 honoree and fintech company providing sophisticated analytic solutions to finance companies welcomed seasoned auto-finance executive David Knightly as chief revenue officer. TruDecision highlighted that it has experienced significant growth over the last year, including a new relationship with CIG Financial. TruDecision is looking to […] [Read More]

In a year like no other, 2020 introduced a range of new factors that have driven long-term projections for determining future value retention in the luxury segment of the used-vehicle market. Supply chain issues driven by the COVID-19 pandemic disrupted production, which reduced supply as demand also plummeted over the course of the year. In […] [Read More]