People are getting back to work, but not at the pace experts are projecting for the economy, tangible consumer metrics and other intangible household conditions to improve quicker. Just a small fraction of expectations, private sector employment increased by just 167,000 jobs from June to July, according to the July ADP National Employment Report, which […] [Read More]

More evidence of a shift in demand from new vehicles to used: average listing prices for used vehicles jumped more than $700 from June to July, a period in which they normally would see a depreciation-fueled decline, according to Edmunds. Specifically, used vehicles had an average listing price of $21,558 last month, which was up […] [Read More]

The coronavirus pandemic certainly has disrupted so many parts of finance-company operations. But a group of seven industry organizations, including the American Financial Services Association, is urging federal lawmakers to make sure the pandemic impact doesn’t spread to one of the most important tools for underwriting and portfolio maintenance — credit reporting. The organizations sent […] [Read More]

Separate consumer surveys by KPMG and by Ponemon Institute sponsored by ID Experts uncovered the growing concern consumers have about their personal data and privacy as more technology is leveraged. According to the survey from KPMG, 56% of Americans reported wanting more control over their personal data, and insisted that both corporations and government must […] [Read More]

Crediverso is looking to use its recently launched online presence to give Hispanic consumers information and options to make wise credit decisions. To bridge a cultural gap where U.S. banking institutions might have fallen short, Crediverso highlighted that its mobile responsive site is addressing the needs of Spanish-speaking communities with content specifically designed for the […] [Read More]

Payix co-founders Chris Chestnut and Preston Cecil made their debut on the Auto Remarketing Podcast and shared an array of observations and anecdotes from their clients about how finance companies are handling collections during the coronavirus pandemic. Chestnut and Cecil also projected what factors could impact collections most during the remainder of this turbulent year. […] [Read More]

These days, used cars take more than 37% longer to sell than they did in the four months leading up to COVID-19 pandemic, but some models — including three from Tesla — are bucking that trend, according to research from iSeeCars. For this study, the company analyzed more than 9 million new- and used-car transactions from […] [Read More]

Sonic Automotive has added a top executive from the Children’s Health System of Texas to its board of directors. The retailer announced Tuesday that Keri Kaiser, the chief marketing officer and chief experience officer at Children’s Health, is joining its board. Kaiser’s background includes more than 25 years of experience, including executive posts across various […] [Read More]

Auto Remarketing is collaborating with Podium to host a free webinar focused on one of the most important ways dealerships connect with their customers nowadays: digitally. Podium marketing specialist Hayley Sonntag plans to share a quartet of takeaways for dealerships of all sizes during the session titled, “4 Ways Dealerships Can Attract and Service Customers, […] [Read More]

Seems like a summer of sequels for dealership acquisitions. While blockbusters aren’t driving folks to theaters these days, movie star Mark Wahlberg continues to add to the coffers of a different line in his business portfolio. Less than a month after it was announced the actor/producer and his business partner, Jay Feldman, had purchased two […] [Read More]