Stacey Ellis of Jim Ellis Automotive Group says her company wants to bring smiles to disadvantaged children who deserve some joy in their lives. “It’s been a daunting year for many families, so it is more important than ever for us to make a meaningful difference this year and help put a smile on a […] [Read More]

In this episode of the Auto Remarketing Podcast, Sam LaPointe, who is director of sales in Canada at CarGurus, joins the show to discuss some of the challenges and opportunities facing car dealers in Canada, the country's used-car market, digital retail in Canada and more. Plus, LaPointe shares some of the learnings from a Canadian dealer panel […] [Read More]

While about two-thirds of dealers surveyed in the second annual Kerrigan Dealer Survey don’t plan on altering their own purchase plans, just under half think that the next 12 months will show a rise in buy-sell activity. And a quick observation of the market indicates the past couple of weeks have already been a busy market […] [Read More]

The coronavirus pandemic certainly has impacted the workplace and made completing day-to-day tasks challenging at times. Credit Acceptance and Flagship Credit Acceptance not only have overcome those obstacles, each finance company recently received honors for the quality of its work environment. For Credit Acceptance, the provider specializing in the subprime market now has collected nine […] [Read More]

In a message sent to SubPrime Auto Finance News on Tuesday, U.S. Equity Advantage (USEA) and chief executive officer Robert Steenbergh explained how they ended up entering into a consent order with the Consumer Financial Protection Bureau when the payment processing firm reached “a bridge too far” during its dialogue with the regulator. To recap, […] [Read More]

Drivably, a company that uses artificial intelligence to help dealers acquire used-car inventory from private parties, has lined up an investment from Porsche Ventures. The company said it will utilize the investment to expand its technology and footprint. Drivably’s technology uses deep analytics to help dealers buy vehicles from consumers at scale. It also provides […] [Read More]

Carvana sold its first car in Atlanta in 2013. Since then, the company has opened car vending machines across the United States. On Wednesday, Carvana said it was opening its 27th car vending machine, and the company said that would be in Atlanta, the city where it all started. “It’s fitting that our flagship location is […] [Read More]

In this episode of the Auto Remarketing Podcast, Drivably chief executive officer Tyler Hall is back on the show to talk about the company's investment from Porsche Ventures, Drivably's growth in the past year and its expansion plans. Plus, he explains why the private-party market is such an important area for dealers to tap into. To […] [Read More]

A former member of the buying team at CarMax now is in a leadership position at Carolina Auto Auction. General manager Eric Autenrieth recently announced that Kaci Kartikis has joined Carolina Auto Auction as its assistant general manager of sales and marketing.  When describing what Kartikis brings to the operation, Autenrieth said, “Kaci has a strong […] [Read More]

Digital marketing platform AutoWeb has appointed former Cox Automotive finance and operations leader Michael Sadowski as executive vice president and chief financial officer. In the position, Sadowski succeeds J.P. Hannan, who will remain with the company briefly to facilitate the transition. Sadowski’s appointment is effective Nov. 30. Sadowski’s financial and operational background includes more than […] [Read More]