A partnership between the Elway Dealership Group and Schomp Automotive Group has purchased Porsche Salt Lake City from Strong Automotive Group. Hall of Fame football player, John Elway, and business partner Mitch Pierce founded Elway Dealership Group in 2004. The group has holdings in Colorado and California. The Strong family in 1958 established Porsche Salt […] [Read More]

Used-car inventory can be scarce for car dealers these days.  With that in mind, PureCars chief executive officer Jeremy Anspach joins the Auto Remarketing Podcast to discuss alternative routes dealers are taking to find used cars, including mining their existing customer base. To listen to the entire conversation, click on the link available below, or visit the Auto […] [Read More]

Perhaps a primary reason recently Wolters Kluwer Lien Solutions hosted an informational webinar appeared through a participant survey conducted during the session. Nearly 60% of the live webinar audience polled about portfolio management for auto financing responded that they felt only “somewhat prepared” for internal audits and regulatory exams assessing their practices. After seeing that […] [Read More]

Edmunds shared data with SubPrime Auto Finance News that average down payments in August climbed by more than $400 on new-car deals and by nearly $700 on used-vehicle transactions. Experts and surveys both pointed to how previous federal government stimulus efforts helped consumers spend on big-ticket items like a vehicle. But the prospect for more […] [Read More]

The first leg of the all-digital Auto Remarketing Canada Conference begins Monday with the Dealer Training segment of the event. That piece will run through Sept. 18, and will be followed by the Remarketing & Finance leg of the event, which runs Sept. 21-25.  A list of confirmed speakers for both pieces of the all-digital AR […] [Read More]

Enhanced Facebook automotive inventory ads as a new capability for the Netsertive Platform will help manufacturers, auto groups, and dealerships “embrace the changing face of consumer shopping behavior,” according to Netsertive. Netsertive, a digital advertising platform for multi-location businesses, said that with the enhancements, the platform can “dynamically optimize ad spend across its existing portfolio […] [Read More]

Shift Technologies has added three new members to its planned public-company board of directors following the approval and completion of its pending merger with Insurance Acquisition Corp. Shift, an online used car marketplace, said all three of the new directors are former executives of global consumer companies. Those companies include General Motors, Wealthfront and Hilton. […] [Read More]

August consumer bankruptcy filings decreased both year-over-year and month-over-month. The head of the American Bankruptcy Institute explained why that movement happened. Before getting into the reasoning from executive director Amy Quackenboss, ABI shared data this week provided by Epiq Systems that showed the 36,877 consumer filings in August represented a 42% drop from the consumer […] [Read More]

Used Car Week will be an all-digital endeavor this year, with content spread across four weeks this fall. Here’s how that shakes out. The action begins the week of Nov. 16-20, with the Auto Fin Con and the National Auto Finance Association’s Annual Non-Prime Auto Financing Conference, which will run concurrently.  Then, Dec. 2-Dec. 4 […] [Read More]

Motoinsight provides digital retailing services for the automotive industry, stating that it “powers the digital shopping experience” for hundreds of North American dealers and several OEMs. The company recently announced that with its recent acceptance into MiDIGITALSOLUTIONS — the certified provider program for Mitsubishi Motors North America — Mitsubishi joins other automakers that have included […] [Read More]