Auto Remarketing Staff

The upcoming Auto Captives Summit will focus on the emerging digital models for selling auto finance as well as real world examples for success in the transforming digital world of automotive finance. The 3rd annual summit — titled “Think Bigger” — is scheduled for January 25th, 2018, at the... Read More

Auto Remarketing Staff

Ally Financial announced today that ClearGuard, which provides protection coverage of up to $2,500, is now standard on all eligible vehicles dealers sell via its online wholesale vehicle auction platform SmartAuction. This news comes on the heels of this week's National Remarketing Conference, presented... Read More

Auto Remarketing Staff

Differences in the execution of the digital application process has contributed to a significant performance gap between top and bottom performing lenders, says J.D. Power’s latest U.S. Consumer Financing Satisfaction Study. The study measures overall customer satisfaction in the following categories: billing... Read More

Ray Kingman , Semcasting, Inc.

With apologies to Elon Musk, Google’s self-driving car initiative and even the rumored Apple car, Silicon Valley isn’t going to outperform Ford, GM, or Toyota on the assembly line. Mass producing cars just isn’t a core competency of Silicon Valley. What Silicon Valley excels at is disrupting... Read More

Joe Overby, Senior Editor

Ally Financial said Tuesday it is increasing the amount it is providing Carvana to finance retail contracts by $1.4 billion. Back in January, Ally had initially committed to provide $600 million for retail financing for the online car-buying platform; over the next 12 months, that figure will increase to $2... Read More

Podcast: Cort DeHart with MBSi Corp.

Auto Remarketing Staff

We circle back to one of the most difficult challenges of the automotive business — repossessions — for the latest episode of the Auto Remarketing Podcast. Nick is joined by Cort DeHart, who is the corporate strategy manager with MBSi Corp. The conversation touches on how complicated repos can be and how the... Read More

AutoGravity adds Global Lending Services to platform

Auto Remarketing Staff

AutoGravity has added another finance company to its online auto financing platform. Thanks to the partnership with Global Lending Services announced Tuesday, AutoGravity will have another lending option to offer its customers. Global Lending Services, meanwhile, will be able to utilize the AutoGravity platform to... Read More

Honcker scores $3.6 million in seed funding

Joe Overby, Senior Editor

Online car leasing marketplace Honcker closed a seed financing round of $3.6 million on Thursday, and said it will now provide delivery to customers in eight states. Honcker plans to use the round, which was led by Evolution Corporate Advisors, to grow its dealership network, geographic footprint and customer... Read More