Another company in the used-car space is going public through a merger with a special purpose acquisition company, also called a SPAC. CarLotz and Acamar Partners Acquisition Corp., a publicly traded SPAC, announced Thursday they have agreed to a definitive business combination through which the used-car consignment and trademarked “Retail Remarketing” platform would become publicly […] [Read More]

Spiffy has added yet another arrow to its quiver. Just two weeks after announcing partnerships to help with vehicle lifecycle needs like trade-in valuations, insurance and warranty/repairs, the company has lined up another collaboration; this time aiming to solve a pain point in the electric-vehicle space. Spiffy said Tuesday it has teamed up with SparkCharge to […] [Read More]

Both Black Book and J.D. Power Valuation Services are reporting that wholesale prices are continuing to soften after the profound rebound they made this summer following the initial onset of the pandemic. However, both firms are seeing wholesale volume still being soft in the auction lanes as we get deeper into autumn. According to J.D. […] [Read More]

Ryder System has launched a new used-vehicle sales website with an expanded inventory of used vehicles, improved search tools, and new features that the company says can help customers locate the best pre-owned vehicle near their business to meet their needs. The site, at ryder.com/used-trucks, invites customers to shop the company’s inventory “by truck type”: […] [Read More]

The National Automobile Dealers Association has determined its leadership for the upcoming term, as its board of directors elected Minnesota dealer and current vice chairman Paul Walser to be the chairman for 2021. Selected as 2021 vice chairman is North Carolina dealer Michael Alford. Walser, who will succeed 2020 chairman Rhett Ricart, said in a […] [Read More]

Last month, ART Asset Adjusters came to fruition as the result of merging six repossession and recovery agencies serving California, Arizona, Nevada, Utah, Colorado and New Mexico. On Tuesday, ART Asset Adjusters expanded its footprint into Texas by merging two more agencies into its industry portfolio. According to a news release, joining the conglomerate are […] [Read More]

Noting that many vehicles are no longer picked up from a physical site, Manheim says its newly created Manheim Vehicle Release process gives buyers and sellers anytime access to the tools they need to release and pick up vehicles. And they have that access whether the vehicle has passed through a Manheim gate or not. […] [Read More]

Constant has a reason to cheer this week. The fintech and automated loss mitigation provider received a 2020 AI TechAward, which celebrates technical innovation, adoption and reception in the artificial intelligence, machine learning and data science industries as well as the developer community. Constant said it was selected from among hundreds of applicants to represent […] [Read More]

In a key complement to our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing is proud to celebrate our second annual Women in Retail awards, a program sponsored by CarGurus. We spotlight these honorees in the Oct. 15 issue of Auto Remarketing, which includes Q&As with each recipient of the award. Next up is Laura Donahue, vice president of marketing […] [Read More]

This week, Inovatec Systems Corp. rebranded one of the key segments of its cloud-based software solutions for financial institutions. Inovatec announced its Compass Lending Platform has been rebranded under the JAVELIN name. Under the JAVELIN moniker, the products now include: — Compass Direct Portal is now JAVELIN Direct — Compass Asset Finance is now JAVELIN […] [Read More]