Vehlo buys Like a flash Recon and Velocity Automotive

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Dealership instrument provider Vehlo adds Like a flash Recon and Velocity Automotive in say to bolster sellers’ feeble-automobile gross sales and profitability.

January 23, 2023 01:10 PM

Dealership instrument provider Vehlo has added Like a flash Recon and Velocity Automotive to its portfolio.

Like a flash Recon provides feeble-automobile reconditioning instrument that helps sellers streamline the route of of getting secondhand autos from auction to a dealership lot’s entrance line, and ensures the total departments that touch the auto prepare a route of and check with every diversified. Dennis McGinn, a worn Hewlett-Packard executive, basically based Like a flash Recon in 2010. Bigger than 2,000 sellers exhaust its instrument.

Velocity Automotive’s instrument helps sellers provide records to feeble-automobile merchants, much like window stickers that yelp with what choices the auto used to be delivered. That records also helps sellers resolve their bids at auctions. Velocity also has a series of feeble-automobile reconditioning instrument geared toward streamlining gross sales and service processes. The corporate used to be basically based five years ago by Hugh Hathcock.

“The addition of Like a flash Recon and Velocity to our portfolio permits us to join the service division to its ideal customer: the pre-owned division,” Vehlo CEO Michelle Fischer acknowledged in a disclose. “Like a flash Recon adds the reconditioning solution that invented the instrument class, whereas Velocity Automotive provides us a digital merchandising solution that connects these reconditioning investments to the gross sales route of.”

Both McGinn and Hathcock will stick to their companies. McGinn will proceed to steer Like a flash Recon’s day-to-day operations. Hathcock will transition to an advisory position with the blended companies and work with Vehlo’s divisional leadership employees. Velcocity CEO David Penney will proceed to govern the corporate’s day after day operations.

Vehlo spokesman Gregory Arroyo acknowledged the deals have closed but would now not snarl the phrases. All of Vehlo’s divisions will be at this week’s NADA convention in Dallas, he acknowledged. Vehlo is basically basically based in Knoxville, Tenn.

A old model of this fable misspelled Dennis McGinn’s name.

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