Consider this idea: Shrink the days between committing capital and reusing it. Automotive retailers understand turn. A vehicle sitting in inventory represents capital, carrying cost and risk. Move it faster, and the same capital can be deployed again. We have spent decades applying that thinking to inventory. I believe we should start applying it to […] [Read More]

The Courtesy Automotive Group has acquired Watson Chevrolet and Infiniti of Tucson in Tucson, Ariz., according to a news release from Pinnacle Mergers & Acquisitions. Pinnacle represented the seller in the transaction, which closed on Aug. 31, and was led by Bill Scrivner, founder and CEO of Pinnacle Mergers & Acquisitions. Following the acquisition, the […] [Read More]

On Thursday, Spyne announced an integration with CDK to publish on the Fortellis Marketplace, which means dealers, developers, and OEMs now have the ability to quickly create new solutions designed to streamline dealer operations. The Fortellis Marketplace is an online automotive commerce exchange that enables an exchange of information and data in an open, secure […] [Read More]

Westlake Financial had the chance to use the tools now available throughout the auto-finance industry courtesy of a partnership involving Cox Automotive and Nova Credit. The partnership made public this week started with the native integration of Nova Credit’s Income Navigator into Dealertrack. The integration enables auto lenders to return more personalized offers and automate […] [Read More]

Lobel Financial began September by promoting Jeffrey Lobel to vice president of finance, handing him an expanded leadership role to help drive the company’s financial strategy and support key initiatives across finance, treasury, capital markets, portfolio analytics, and long-term business planning. In this position, the auto-finance company said Lobel will work closely with the chief […] [Read More]

More than two decades ago, the Federal Trade Commission compiled common questions and answers to help dealerships adhere to its Privacy Rule. Ignite Dealer Compliance Group recently said it is getting more questions about privacy notices, which firm experts explained as “an obligation from your dealership to your customers.” In its online Q&A, the FTC […] [Read More]

The Costco Auto Program has launched a new offering that may help drive more affordability-minded shoppers to certified pre-owned Volvo vehicles. The Certified by Volvo special is providing savings for Costco members on model-year 2023 through 2025 CPO vehicles from Volvo. In a deal that started Tuesday and runs through Nov. 2, eligible Costco members […] [Read More]

CarDr, the provider of the OBDIQ ULTRA diagnostic platform for the wholesale auto industry, has launched a new workflow that records battery resting voltage prior to starting a diagnostic scan on a car. Battery + Engine Scan is designed to allow auto auctions and dealers to interpret diagnostic trouble codes that can come up after […] [Read More]

Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc also touched on how other parts of the credit market like student loans are impacting […] [Read More]

A Harvard business student and former advertising art director at General Motors released a research paper last month with car dealership ad spend in mind. Automotive Retail Advertising in Crisis: Overlooked Liquidity Lever, which was published by Andrew Reutsky on Aug. 12, reports the first field deployment of Banner-VIN-Profit, which is an open-source attribution model […] [Read More]