September 2020

4 straight months of used-car sales gains

Monday, Sep. 28, 2020, 02:53 PM The used-car retail market continues to improve. In fact, TrueCar and its ALG subsidiary are forecasting that September will end up being the fourth straight month of year-over-year gains in used-car sales, capping a quarter with major improvement from the prior one. Specifically, they are calling for 3.8 million used-vehicle sales for the month, which would beat September 2019 figures by 11%.  The projected sum would be off 1% month-over-month. Third-quarter used sales would then beat second-quarter sales by 26%, according to ALG and TrueCar.… Read More »4 straight months of used-car sales gains

NuVinAir, motormindz, seek ‘Total Health’ in vehicles

DETROIT –  Jeff Van Dongen says the COVID-19 pandemic brought on a need for effective and safe disinfectants, developed specifically for automotive. Van Dongen is chief executive officer of motormindz, and the company recently announced a strategic partnership with vehicle-cleanliness products and hygienic consulting company NuVinAir Global. motormindz will assist the industry expansion of NuVinAir’s Total Health products that more than 500 U.S. auto dealerships are using and will support the needs of the rental-car and fleet markets. “As part of our extensive assessment process, we looked at eight leading-edge solutions,… Read More »NuVinAir, motormindz, seek ‘Total Health’ in vehicles

Protective Asset Protection to grow via Revolos acquisition

BIRMINGHAM, Ala. –  Protective Life Corp. is pleased with the positive trajectory of Protective Asset Protection, so the company made a move to enlarge its F&I division on Friday through an acquisition. The company, which also is a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, announced it has reached an agreement to acquire the Revolos family of companies. “Protective’s Asset Protection Division is an important — and growing —part of our business,” Protective president and chief executive officer Rich Bielen said in a news release. “As we continue to navigate… Read More »Protective Asset Protection to grow via Revolos acquisition

CarMax completes national rollout of omni-channel experience

RICHMOND, Va. –  CarMax’s omni-channel experience, which lets consumers buy used cars online, in-store or a blend of both, is now nationwide. The largest retailer of used cars in the U.S. said Thursday it has finished rolling out its omni-channel capabilities, a process it started in late 2018 with the launch of omni-channel in Atlanta. “Our omni-channel experience is built to provide a personalized, multi-channel experience that empowers customers to buy a car on their terms,” CarMax president and chief executive officer Bill Nash said Thursday during the company’s earnings call… Read More »CarMax completes national rollout of omni-channel experience

With first vehicle ‘progressing at speed,’ Fisker to open technology center

LOS ANGELES –  Electric vehicle designer and manufacturer Fisker says its first dedicated engineering and technology center, to be located in the Mission District of San Francisco, will be the focal point and development center for the company’s software and vehicle electronics. That includes in-car and Fisker data center elements. The company’s chairman and chief executive officer Henrik Fisker said development of the company’s first vehicle is “progressing at speed,” and the company is scaling accordingly. “We are now establishing the facilities that can support our expansion,” Fisker said in a… Read More »With first vehicle ‘progressing at speed,’ Fisker to open technology center

Consumers can now use phones to make car keys

LOUISVILLE, Ky. –  Mike Bliss says car keys are now “more complex than ever.” Bliss is vice president of sales and marketing at automotive key replacement company, Car Keys Express, and he said consumers are facing difficulty in finding retailers that cut keys, “especially high-security, laser-cut keys.” Because of that, Car Keys Express has released a mobile application that it says creates fully operational car keys through the use of consumers’ mobile phones. “Our new app puts key replacement — literally — in consumers’ hands,” Bliss said in a news release.… Read More »Consumers can now use phones to make car keys

Dealer-FX service suite enhancements boost customer self-service

TORONTO –  Technology provider Dealer-FX says interacting in a self-serve, mobile-centric capacity is “increasingly important to vehicle owners.” The company, stating it is designing services “with that exact approach in mind,” has enhanced its end-to-end service suite, which includes self-service for the consumer. The company’s newest addition is “payments,” and that addition gives consumers an increased ability to choose how they interact at every step of the service process. That can take place by text, on a mobile device, on a website, in person or over the phone. Dealer-FX’s service technology… Read More »Dealer-FX service suite enhancements boost customer self-service

Shift merger registration statement becomes effective with SEC

SAN FRANCISCO –  Shift’s merger and journey toward becoming a publicly traded company on Nasdaq first announced back in June took an important step forward on Thursday. The vehicle ecommerce platform announced that the registration statement on Form S-4 filed by Insurance Acquisition Corp., to the previously announced business combination with Shift has been declared effective by the U.S. Securities and Exchange Commission. According to a news release, Shift has commenced the process of printing and mailing the definitive proxy statement/prospectus relating to the special meeting of Insurance Acquisition’s stockholders to… Read More »Shift merger registration statement becomes effective with SEC

Safe-Guard hires chief information security officer

Friday, Sep. 25, 2020, 10:23 AM ATLANTA –  Safe-Guard Products International hired a chief information security officer this week. Taking this position for the provider of third-party private label protection products for the automotive, RV, marine and powersports industries is Michelle Stewart, who brings more than 15 years of information security experience with her to Safe-Guard Products. Prior to joining Safe-Guard, Stewart spent time at RentPath, Elavon — which is part of U.S. Bank — The American Cancer Society and AirTran Airways. At each of those operations, she worked to create… Read More »Safe-Guard hires chief information security officer

PODCAST: CEO Dan Johnson on future of ART Asset Adjusters

CARY, N.C. –  Earlier this month, news arrived that six repossession and recovery agencies serving auto-finance clients in California, Arizona, Nevada, Utah, Colorado and New Mexico were merging to form ART Asset Adjusters. Chief executive officer Dan Johnson joined this podcast episode to discuss how the merger came together and how ART Asset Adjusters plans to operate going forward. To listen to the entire conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  Source Article