On the surface, launching an initial public offering during a pandemic, with entire markets and industries only just beginning to restart, may seem like a head-scratcher. But for an ecommerce company in an asset-heavy, traditionally brick-and-mortar-based industry like automotive retail, it might make total sense. It did for Vroom this week. On Monday, the online […] [Read More]

In this episode of the Auto Remarketing Podcast, Cherokee Media Group president Bill Zadeits chats with John Mathiowetz of IAA. They talk about how IAA has weathered the pandemic, the acceleration of the transition to IAA's 100% digital platform, IAA's marshaling services during the pandemic, views of the wholesale market and more. To listen to […] [Read More]

The COVID-19 pandemic has placed a spotlight on the need for dealers to act quickly in adopting the tools and practices of the future. If dealers want to succeed in a post-COVID-19 future, they must move decisively to build out their digital-first competency and infrastructure. According to a new report titled, “A Post COVID-19 Era […] [Read More]

ProGuard Warranty wants their customers to be singing about including a vehicle protection product with their new- or used-car purchase. ProGuard is collaborating with SiriusXM to offer customers nationwide a three-month SiriusXM subscription, included at no extra cost, with the purchase of any ProGuard protection plan for their vehicle. The companies highlighted eligible customers with […] [Read More]

Send a text message. Collect a payment. That’s what Blytzpay and ABCoA Deal Pack are looking to accomplish for finance companies via its new integration. The companies recently indicated customers utilizing ABCoA’s Deal Pack DMS will now be able to leverage BlytzPay’s comprehensive and straightforward technology solutions that can enable businesses to communicate, invoice and […] [Read More]

Less than a month after entering into the credit-union space, LAUNCHER.SOLUTIONS (Launcher) finalized another integration; this time with HRI Analytics. The technology provider specializing in loan originations explained integration aims to help finance companies make more intelligent underwriting decisions within Launcher’s loan origination system with HRI Analytics’ empirical data driven solutions. The company reiterated Launcher’s […] [Read More]

Penske Automotive Group provided an operational update on its business on Tuesday, stating that automotive retail business conditions have improved compared to March and April. Penske Automotive Group chief executive officer Roger Penske said he was encouraged by “the significant improvement we continue to see in our operations.” “Since the COVID-19 pandemic began impacting operations […] [Read More]

Buy-here, pay-here operators who use DealerSocket now have a streamlined path to tools from Agora Data. On Tuesday, Agora, a Texas-based provider of data, analytics and liquidity solutions for the BHPH industry, announced an integration with DealerSocket’s IDMS web-based dealer management system (DMS). The companies highlighted this integration will increase dealer visibility into portfolio and […] [Read More]

Repay Holdings Corp. (REPAY) and Inovatec Systems Corp. now are working together to help finance companies with collections and other segments of their businesses connected with gathering payments from contract holders. The provider of vertically integrated payment solutions recently announced a partnership with the provider of cloud-based lending solutions for all financial institutions. As the […] [Read More]

Carleton president and chief operating officer Matt Ruszkowski still often sees it on dealership websites nowadays. The vehicle listing tells potential buyers to “call for price.” During this podcast, Ruszkowski spoke about how crucial it is for dealers to offer specifics about the retail and financing costs to shoppers — including fees and taxes — […] [Read More]