The COVID-19 pandemic has halted two decades of global growth and raised several questions about how economies will function in the future. Experts are assessing whether the international upheaval caused by the pandemic will have a long-lasting impact on trade and finance, including how businesses will adapt to a changing environment. Where will future growth […] [Read More]

Vehicle pricing and analytics company Black Book is integrating its values into a new product to help dealers digitally connect with consumers. With the new tool from TEXTiUM called Email Instant Trade Values. agencies can connect any email campaign with the ability to offer each email recipient their vehicle’s Black Book trade value. The value […] [Read More]

For the third time in the past year, Westlake Portfolio Management (WPM) — a division of Westlake Financial Services — is absorbing the accounts of a finance company that has departed the business during the span of the coronavirus pandemic. On Tuesday, Westlake announced it was selected by Coastal Credit to be the third-party servicer […] [Read More]

The American Recovery Association is communicating with state and federal officials regarding potential policy “that if passed would devastate our businesses over the coming months in ways that most would not be able to recover from,” according to a recent message from the organization. ARA explained that federal proposals could be included in the next […] [Read More]

"The way we are streamlining the process, the way that consumers are shopping and that we are training to shop now, really is going to be the gold standard moving forward when we get out of this, hopefully as quickly as possible." Tim Cox of CarNow heard this from an upstate New York car dealer […] [Read More]

Based on auto industry analyses, a rough March for used-vehicle sales appears to have spilled over into April, and as PureCars says in its latest COVID-19 report, dealers are “facing obvious headwinds” in pre-owned. But, some silver linings: the dive in used- and new-car sales appear to have hit its trough, according to Cox Automotive. And […] [Read More]

Toby Russell of online car marketplace Shift says the company realizes that auto sales have been hit hard by the COVID-19 crisis. “I think that the COVID environment is going to really cause an acceleration of the transition to online shopping,” said Russell, who is co-chief executive officer of Shift, in an interview with Auto […] [Read More]

If you’re like many Americans, there’s a good chance you have used curbside pickup in the last four weeks to secure your groceries, prescriptions or even takeout from your favorite restaurant. And now, CarMax is offering consumers that same option for car buying. The country’s largest used-car retailer announced Tuesday the launch of CarMax Curbside, […] [Read More]

According to an email message from the organization distributed on Tuesday, the National Automotive Finance Association has postponed its annual Non-Prime Automotive Financing Conference. The 24th installment was scheduled for June 3-5 in Plano, Texas. NAF Association officials did not indicate a new date for the event that gathers auto finance companies and other services […] [Read More]

The COVID-19 pandemic has impacted the retail automotive industry throughout the country, including the pre-owned side of the business. To drill down into how used-car sales are faring in one particular market – our own – Auto Remarketing turned to monthly analysis data from Cross-Sell Interactive, which is part of Dominion Dealer Solutions. Through Cross-Sell’s online […] [Read More]