Nicholas Financial made quite a year-over-year rebound when detailing its 2021 fiscal year results last week, including vital metrics like net income and delinquency rates. Despite a dip in total revenue, the subprime auto finance company reported that its net income for the fiscal year that ended March 31 jumped to $8.4 million compared to […] [Read More]

Consignment-to-retail used vehicle marketplace CarLotz has opened a new hub in Charlottesville, Va.. The new location will be at 1389 Richmond Road, and marks the fourth hub in the state and 12th nationwide.  Ned Gallaway, who previously served as the former manager of CarLotz’s Midlothian, Va., hub, will lead the new Charlottesville store.  “We couldn’t be […] [Read More]

Imagine Autos is bringing a new video-centric car buying experience to consumers. The site works to deliver an easy-to-use, interactive layout that lets consumers watch videos of vehicles they're interested in purchasing. Imagine Autos is “bringing the car buying experience” to the digital age by being one of the only third-party car listing site that focuses on […] [Read More]

CDK Global announced Wednesday that it purchased Roadster in a $360 million deal, a merger that has huge implications for the digital retail segment of automotive. What brought the two companies together? How might Roadster's digital retail capabilities complement CDK's technology? What additional opportunities does the merger bring to each company? CDK chief product and […] [Read More]

There’s not been an exotic model quite like this one in a dealership showroom. During an exclusive event at Holman Motorcars, hosted in partnership with Supercar Rooms Miami, renowned contemporary artist Bradley Theodore transformed a Rolls-Royce Ghost into a one-of-a-kind work of art, adding his trademark colorful flair to this iconic vehicle that the company […] [Read More]

Canada Drives co-chief executive officer Cody Green joined the Auto Remarketing Podcast to discuss the company's online vehicle shopping and delivery platform expanding into Ontario, future growth plans and more. Plus, Green shares a bit about the company's platform in the United States, USA Drives. To hear the conversation, click on the link available below, or visit […] [Read More]

In this case, it could be considered positive that dealers have their heads in the clouds. This week, Dominion VUE DMS released results of its 2021 DMS Dealer Sentiment Survey, a commissioned independent study involving 220 DMS decisionmakers from dealerships to determine attitudes toward their current dealer management system. The cloud-native solution provider highlighted five […] [Read More]

The Charlotte, N.C., area is the heart of NASCAR and home to two of the nation’s largest dealership groups: Hendrick Automotive Group and Sonic Automotive, both of which have deep lineages in the sport through their respective founders, Rick Hendrick and Bruton Smith. And now another large dealership group whose founder has strong ties to auto racing is […] [Read More]

PAR North America chose an executive with almost two decades of industry experience to be its vice president of sales and client relations. According to a news release distributed on Thursday, the business unit of KAR Global announced the appointment of Ryan Hawley, who will lead a fast-growing team of sales professionals and liaise with […] [Read More]

Toyota venture capital firm Toyota AI Ventures is rebranding and investing another $300 million in emerging technologies and carbon neutrality efforts. The firm will be now known as Toyota Ventures, and the additional investment boost grows its total assets under management to more than $500 million. Further, two early-stage funds — the Toyota Ventures Frontier Fund […] [Read More]