The certified pre-owned vehicle market reached a major milestone in the second quarter and “moved past the 700,000 threshold for the first time,” according to a report released Tuesday by Edmunds. Specifically, there were 711,270 CPO vehicle sales during the quarter, beating year-ago figures by 2.5 percent, Edmunds said in its latest Used Car Report. Separately, the […] [Read More]

While the buzz term “influencer marketing” may sound like a trendy industry tactic, it's been in the marketing world for some time now, but it seems to be gaining importance — especially in automotive circles. The concept behind influencer marketing has made its rounds with celebrity endorsements in the automotive industry, harnessing the celebrities’ popularity […] [Read More]

Perhaps at least for a trio of nameplates, consumers are finding more attractive vehicle lease options via Swapalease.com than what franchised dealerships are presenting from captive finance companies. According to its second quarter report, Swapalease.com indicated search traffic for three OEMs that book a significant volume of leases — Mercedes-Benz, Volkswagen and Toyota — jumped […] [Read More]

He might be one of the most well-known individuals within the repossession and recovery industries. And it’s not just because of his stylish cowboy hat and boots. Alex Price, better known as the “Skip Guru” and director of risk solutions at Digital Recognition Network (DRN), sat down with Nick Zulovich for a conversation during this year’s […] [Read More]

Validating a customer’s income and other financial information is one of the most important parts of underwriting. Start-up company TurboPass, which is powered by FormFree, says its tool can eliminate the hassle and risk associated with traditional asset and net income verification. For this episode recorded during the annual conference hosted by the National Automotive Finance […] [Read More]

Finance companies often follow one of two paths to complete their repossessions. Some use the direct model to work exclusively with a repossession agent; others use the forwarding model and have a separate provider handle the repo and remarketing chores. ENDTRUST is looking to offer a blend of those two methods. In this episode of […] [Read More]

For this episode of the Auto Remarketing Podcast, Nick had the opportunity to learn more from a pair of experts at FICO who elaborated about the findings of the company’s first global survey on consumer perceptions of the automotive finance process. Included in the episode are Ken Kertz, senior director and practice leader of auto […] [Read More]

In an effort to meet a $25,000 fundraising goal that will benefit St. Jude Children’s Research Hospital, NextGear Capital is gearing up to launch a week-long national charity initiative on Monday. NextGear Capital announced Thursday that a dollar from every car purchased at 22 participating U.S. auctions located across the country will be donated to the Memphis, Tenn.-based […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up is John Gray, president of automotive at Experian.  Auto Remarketing: In a nutshell, how is the new Experian Marketing Engine […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up is Jason Barrie, vice president and general manager of Dealertrack dealer F&I solutions. Auto Remarketing: How are some of the […] [Read More]