If a piece of inventory arrives at your store on Monday, Rapid Recon wants that vehicle standing tall on the front line by Friday — if not sooner. The workflow management solution for vehicle reconditioning designed to help franchised, independent and buy-here, pay-here dealers, announced on Monday that dealerships in every U.S. state now can […] [Read More]

TransUnion is noticing that credit-performance metrics are starting to change as various actions taken by finance companies because of the coronavirus pandemic begin to run their initial duration. A new TransUnion consumer credit snapshot released last week found the percentage of accounts in “financial hardship” started to level off for credit products such as auto […] [Read More]

It's another "Joe Show" on the Auto Remarketing Podcast. In this episode, Joe Kacala, chief product officer at automotiveMastermind, chats with Auto Remarketing senior editor Joe Overby about the latest used-car product launches at the company and why data mining is important in finding ideal ready-to-buy customers and potential used cars to fill up inventory. […] [Read More]

Used-car sales this month are likely to be down slightly from June, but beat-year ago figures by 9%. That’s according to the latest forecast from ALG, a subsidiary of TrueCar. Specifically, ALG is forecasting 3,759,781 pre-owned sales for July, which would be 1% softer than June but a 9% year-over-year-hike. Not to mention, according to […] [Read More]

Fitch Ratings dissected Hertz’s interim settlement and agreement with investors that the rental-car company finalized in recent days; a six-month strategy to de-fleet and realign its business while paying down note liabilities in connection with its asset-back securities. The analysis also gave an inkling as to how many Hertz vehicles might be flowing through the […] [Read More]

The coronavirus pandemic is preventing numerous in-person business meetings and other gatherings. But JM&A Group is still trying to keep its dealers and other clients informed about company developments and other industry trends that might have been shared across boardroom tables or in small get-togethers. In an effort to further engage automotive professionals and provide […] [Read More]

Auto-loan fraud is a significant challenge to the auto-finance industry — one that actually grew during the pandemic. Auto-finance fraud reportedly cost the industry $7 billion in 2018 alone and resulted in damage to business reputation and compliance issues. Better regulation and enforcement are helping to curb the problem but either means more difficult compliance […] [Read More]

Many automotive lenders face challenges today associated with maintaining compliance in all facets of their business. Automotive loan compliance requires knowledge of federal regulations the govern applications, processes and practices. While it can be assumed lenders strive to remain compliant to the rules and regulations that govern them, remaining compliant can become a struggle if […] [Read More]

In addition to revealing it would be debuting at least 20 more standalone used-car stores in the coming years, AutoNation’s quarterly earnings results announcement this week included data on its overall used-car operations. And while sales were down, gross profits in used were up. Here is a look at the retailer’s pre-owned results, starting with […] [Read More]

In this episode of the Auto Remarketing Podcast, Cherokee Media Group president Bill Zadeits connects with Glenn Hemminger of UVeye, an Israel-based provider of contactless vehicle inspection systems. UVeye first built its technology for the security sector for use in weapons, explosives, drug and other contraband detection, the company said. That technology is used internationally at […] [Read More]