Recovery management services provider Millennium Capital and Recovery Corp. recently achieved the AT101 Service Organization Controls (SOC) 2, Type 2 Report for the fourth consecutive year.  The company highlighted the SOC 2 examination has taken on greater significance during the past couple of years as consumer finance companies work to attain greater assurances regarding their […] [Read More]

While strong used-car prices likely comes as good news for folks selling used vehicles in the wholesale markets, there are also a few positive implications for dealers on the retail side. According to the latest Manheim Used Vehicle Value Index report, wholesale prices were up 1.1 percent year-over-year in July (on a mix-, mileage- and […] [Read More]

When the calendar turned to August, our enthusiasm for Used Car Week ramped up a few more RPMs. The excitement level also was juiced by nearly another dozen sponsors coming aboard for our series of industry-leading conferences that run from Nov. 16-20 at the Phoenician in Scottsdale, Ariz. The latest additions include: CPO Forum Edmunds.com SubPrime […] [Read More]

If it’s not on your radar already, one industry trend will be soon as the stats become increasingly hard to ignore. That is, electric vehicles’ alarming depreciation rates. According to new data and insight from Black Book, EVs continue to face much heavier depreciation rates than their gas counterparts. In some instances, consumers can shell […] [Read More]

Today’s installment of the Q&A series from the recent Power 300 issue of Auto Remarketing features Jared Rowe, the president of Autotrader. In this story, Rowe covers everything from certified pre-owned opportunities to facilitating quicker F&I processes and the consumer experience. Auto Remarketing: You’ve said in the past that although good work is being made […] [Read More]

To help navigate this regulatory terrain created by the Consumer Financial Protection Bureau, Vendor Transparency Solutions together with Weltman, Weinberg & Reis will be presenting a free live webinar for auto finance companies and their contracted service providers. The webinar will be presented by Michael Dougherty of Weltman Weinberg & Reis, a leading authority on […] [Read More]

The American International Automobile Dealers Association, along with affinity partner Bass Sox Mercer, will host a free AutoTalk webinar on Aug. 18 to discuss how manufacturers measure dealership sales performance. According to AIADA, the webinar will discuss the “hidden factors” contained within a manufacturer’s sales performance formula that have the largest impact on its measurements. […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we launched a new feature to spotlight just a few of the companies on the list. In a Q&A format, we go behind the scenes with some of the leading companies in the used-car space. First up in this series is Brian Geitner, […] [Read More]

Light vehicles in operation, as of January 1, reached a record level of 257.9 million. And the average age of those vehicles experienced a slight uptick to 11.5 years old. On top of that, volumes of cars up to five years old are expected to jump by as much as 24 percent over the next five […] [Read More]

Look for used-vehicle sales this month to be north of 3.2 million units, say industry analysts. TrueCar and Edmunds.com each released separate analyses this week forecasting July used-car sales in that ballpark. Edmunds is predicting 3.22 million used sales this month, which would result in a seasonally adjusted annualized rate of 36.9 million. Meanwhile, TrueCar […] [Read More]