While wholesale auctions are still the primary channel for commercial vehicle owners to remarket end-of-cycle vehicles, a growing trend among progressive vehicle remarketing professionals has been to sell vehicles through the emerging retail channel, either through their own dealerships, online service providers, or retail consignment. What’s driving this trend? 1. Growth in off-lease volume First […] [Read More]

As American Recovery Service (ARS) and Digital Recognition Network (DRN) highlighted the fruits of its ongoing partnership, DigitalDog Auto Recovery recently announced Jason Stephens has rejoined the California repossession, locksmithing and transportation firm to further develop their growing footprint in the California repossession market, as well as exploring growth into other states. Stephens comes with a […] [Read More]

Following an analysis of its online reviews, Cars.com released its latest list of U.S. consumers' both most reviewed and most highly reviewed vehicles on Wednesday. “Shopper reviews are a critical part of the car shopping process,” Cars.com data analyst David Greene said in a news release. “Cars are one of the largest investments anyone makes, and […] [Read More]

The dealership group may not discuss it publicly very often or show its hand. But don’t be mistaken. Asbury Automotive Group is working on — and investing in — its digital capabilities. “We all agree this industry is changing, and it’s changing very rapidly. And so are we. We are not very public about what […] [Read More]

A new survey from CarGurus reveals that the first car buying experience of millennials starkly differs from that of previous generations. Compared to millennials, baby boomers were not only found to have been more involved when selecting their first car, but were also far more likely to have contributed to the purchase cost, the online automotive […] [Read More]

Along with some insight regarding behavior of new college graduates, Swapalease.com on Monday reported credit applicants for vehicle lease transfers dropped in April on both a sequential and year-over-year basis. However, the downward movements didn’t surprise site officials. The site indicated applications coming into its pipeline registered only a 60.0 percent approval rate for April, […] [Read More]

Whether they’re hauling surfboards in California, trekking mountains in Carolina or navigating the Capital Beltway, used-car shoppers, as it turns out, are apparently big fans of the Jeep Wrangler. CarMax looked at search data from its website and found that, so far this year, the Wrangler has been the most-searched-for used vehicle nationwide. It wasn't […] [Read More]

While quality and affordability are regarded as key decision factors when purchasing a car, America’s growing group of millennial consumers are most likely to consider brands that fit with their personal image instead, according to Cambridge Analytica, a data analytics and behavioral communications provider  “Finding brands which fit their personal image was the largest growing […] [Read More]

In Episode 3 of the Auto Remarketing Podcast, SubPrime Auto Finance News senior editor Nick Zulovich hits the road to talk with Jeremiah Wheeler of Digital Recognition Network. Plus, Nick talks with Auto Remarketing senior editor Joe Overby about some good signs for wholesale vehicle prices. Note: this is an updated version of the episode […] [Read More]

For auto finance providers still unsure about the value of its vehicle location data, Digital Recognition Network (DRN) highlighted the experience of just a single client — Philadelphia Federal Credit Union (PFCU). PFCU is an early adopter of DRN’s enterprise subscription for auto finance, DRNsights. Here is a breakdown of what happened to this credit […] [Read More]