ReviverMX Inc. is developer of what it describes as the world's first digital license plate, and the plate works through an encrypted app with the ability to renew auto registration without paperwork and display various designs and banners. On Tuesday, ReviverMX said Black Star Fund has made a “significant six-figure” equity investment in the company. […] [Read More]

Consignment-to-retail used vehicle marketplace CarLotz has appointed Michael Chapman as chief marketing officer, noting that he brings more than 20 years of experience as a marketer and strategic planner. Chapman’s appointment comes after CarLotz’s October announcement it would become a public company via a merger with special purpose acquisition company Acamar Partners Acquisition Corp. The […] [Read More]

As part of Used Car Week's National Remarketing Conference, Cherokee Media Group will recognize our National Remarketing Executives of the Year, an award program presented by Auction Management Solutions.  Receiving this year's honors are Jackie Malik and Tony Markel, remarketing supervisors at Credit Acceptance.  Below is a Q&A with them. Auto Remarketing: For each of you, how […] [Read More]

The rush of mergers and acquisitions to close 2020 continued on Thursday with a development involving Wolters Kluwer and eOriginal. According to a news release, Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement to acquire eOriginal, a leading provider of cloud-based digital lending software. It’s a deal the company said is for […] [Read More]

Sean Peoples, who has held leadership positions at CarGurus, Edmunds, Lotlinx and Chrome, has joined used-vehicle platform SureSale as vice president of sales. Peoples will work toward bringing SureSale’s platform to U.S. auto dealers, which the company said can help those dealers increase gross profits and accelerate inventory turn on their pre-owned vehicles. He previously […] [Read More]

Through its Mastermind Gives Back program, automotiveMastermind makes regular charitable donations on behalf of employees and dealer partnerships. Most recently, the company made a donation to the National Pediatric Cancer Foundation. Mastermind, a predictive analytics and marketing automation company, made the $10,000 donation on behalf of the company and its dealer partners in lieu of […] [Read More]

Since America’s Auto Auction Baton Rouge hired Adele Lococo in 2018 as fleet/lease manager, she has focused on relationships. The company says that has had a positive effect on the auction’s customers and auction team members. “As closely as we’ve worked together during this pandemic, we feel like a united family,” America’s Auto Auction Baton […] [Read More]

Certified pre-owned sales took major tumbles on both year-over-year and month-over-month bases in November, but that shouldn’t cause alarm about the overall strength in CPO, according to Cox Automotive. The 21% decline from November 2019 admittedly could be seen as “a big shock to the market,” but that slowdown was largely driven by last month […] [Read More]

TransUnion sees auto-finance companies having less appetite for risk in the coming year. The auto component of TransUnion 2021 consumer credit forecast released on Thursday projected that origination activity in the first and second quarters of next year is expected to generate 6.8 million and 7.4 million new accounts, respectively. Analysts think a greater share […] [Read More]

This week, America’s Car-Mart rolled out its new visual identity and tagline that the publicly traded buy-here, pay-here dealership company said will reaffirm its “unwavering commitment to its customers and communities.” Car-Mart’s new tagline is “Keeping You on the Road,” which company leadership says is an all-encompassing definition of what the company delivers to its […] [Read More]