Financial

Cory Collins, who is a national F&I trainer with Automotive Reinsurance Concepts, talks with Cherokee Media Group associate editor Andrew Friedlander about the dealer F&I landscape, success strategies for dealers and his upcoming session at Used Car Week on “4 Steps To A Solid Menu Presentation.” Plus, Cory discusses his journey in automotive, his work […] [Read More]

Automotive data provider Vincentric last week released its most recent update to its fees and taxes data, which the company said offers the most up-to-date automotive ownership costs to the U.S. and Canadian markets. The data enhancement incorporates detailed state-by-state and province-by-province updates for the U.S. and Canada, including electric vehicle tax credits, and, Vincentric […] [Read More]

Carvana has ended August in a position to have a lot more breathing rooming financially. The online used-car retailer said Thursday it has completed its previously announced debt exchange with more than 96% of noteholders. This gives Carvana “significant financial flexibility as it continues to execute its profitability and growth plan” through cutting total debt […] [Read More]

Financial innovation platform Exponential Exchange has closed an oversubscribed $7.4 million seed funding round led by MaC Venture Capital to continue building a suite of financial instruments designed to bring new risk-management tools into the automotive ecosystem, as well as other industries with underserved asset classes. Industries such as agriculture, energy and manufacturing have long […] [Read More]

Ed Brojerdi and Craig Nehamen are co-founders and co-CEOs of Caramel, a digital checkout platform for independent dealers and private party buyers and sellers. They join the podcast from last month’s NIADA Convention, where they talked with Cherokee Media Group’s Joe Overby about how the platform works and its origin, where Caramel is in terms […] [Read More]

Continuing our Auto Remarketing Podcast episodes originating from this year’s NIADA Convention in Las Vegas, Cherokee Media Group’s Nick Zulovich shared a conversation with NextGear Capital president Scott Maybee. Among other topics, the pair discussed how independent dealerships are remaining resilient financially as the cost of funds and doing business continues to escalate. The conversation […] [Read More]

Next up on our series of shows from the Canada’s Used Car Week Podcast stage in June is a conversation with Colin Tran, vice president of corporate affairs at Trust Science. Tran and Cherokee Media Group senior editor Joe Overby talk about Trust Science’s role as a credit decisioning and borrower acquisition platform in the […] [Read More]

Stephens announced managing director Joe Mowery now will head the investment banking dealership practice, following 20 years as head of the department’s power and industrial technology group. The independent financial services firm said Mowery assumes the role from Matthew Marks, who was recently named Stephens’ head of investment banking. Stephens’ investment banking dealership practice provides […] [Read More]

Off-lease supply has slowed, but one company, in particular, is helping dealers with an alternative route to securing late-model vehicles: pre-ordering off-subscription vehicles ahead of time, before they even go to the retail consumer. Immanuel Klaiber is the head of remarketing, TCO and fleet at FINN, a vehicle subscription service. He joins the Auto Remarketing […] [Read More]

In this episode of the Auto Remarketing Podcast, Aaron Bickart, executive vice president and general manager of OfferLogix, joins the show to talk about eliminating the disconnect and confusion around the monthly car payment, how macro-economic and auto industry trends (like leasing and vehicle supply) impact his company’s work and much more. The full conversation […] [Read More]