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]

Autotrader has launched a television advertising campaign with Disney Pixar's “Cars 3,” which includes a 30-second television commercial featuring members of the well-known cast that will debut on television during the 2017 NBA Playoffs on TNT. "Collaborating with Disney Pixar's 'Cars 3' was a natural fit for Autotrader for more than the obvious reason of the spotlight our […] [Read More]

Reynolds and Reynolds in the U.K. announced that it has expanded its suite of retailing tools for dealers. "The customer-dealer relationship continues to change," Reynolds U.K. Automotive managing director Adele Feeney said in a news release. "Over the past several years, we have expanded our suite of retailing tools for dealers. These tools are helping […] [Read More]

Asbury Automotive Group named its new chief financial officer late Friday afternoon. Chosen for the role of senior vice president and CFO is Sean Goodman, who comes to Asbury from Unifi, a company in the textile industry. He will join Asbury on July 5, replacing Keith Style, who was set to step down on March […] [Read More]

When it comes to used-car prices, the sky might not be falling after all, if indications from a Manheim report bear out.  The auction company’s index measuring used-car prices increased for the first time all year, and the used retail market buzzes along at a solid clip. The Manheim Used Vehicle Value Index came in […] [Read More]

In Episode 2 of the Auto Remarketing Podcast, co-host Nick Zulovich joins Joe Overby to chat about his three trips in five weeks to cover automotive finance and compliance events. Plus, Nick and Joe talk Carvana, used-car standalone stores and the “political theater” of the CFPB. Also, if you would be so kind, please complete our […] [Read More]

Dealers often overestimate the trust car shoppers have in them and customers sometimes know more than the salesperson, according to MAXDigital’s recently released strategic dealer research study on the subject of trust and transparency in the digital age. MAXDigital surveyed U.S. dealers during the 2017 National Automobile Dealers Association Convention and Expo. Almost 70 percent […] [Read More]

On Wednesday, CRIF Lending Solutions announced a partnership to integrate Carvana’s online automotive retail platform with its ACTion and SAIL loan origination systems. CRIF said its new collaborative effort aims to help financial institutions effectively reach pre-approved customers or members for direct auto loans.  “Integrating our platforms with partners like CRIF Lending Solutions provides consumers […] [Read More]