This piece, the full version of which appears in the upcoming Dec. 15 print edition of Auto Remarketing, delves into the recent quarterly results and developing trends at publicly traded online auto marketplaces CarGurus, Cars.com and TrueCar. Each of these companies released their third-quarter results in November and held accompanying earnings calls. Here are some of the […] [Read More]

Tim James says videos that promote manufacturers’ monthly incentives are “one of the most-used and desired types of marketing content.” James is chief operating officer for Flick Fusion, which offers a video hosting, marketing and distribution platform to automotive and other inventory-based industries. The company on Monday introduced Dynamic Marketing Videos, or DMVs, for auto dealerships, […] [Read More]

CarNow senior vice president of product and business development Aaron Baldwin believes that Northwood University is “best in class in producing talented automotive leaders.” Northwood University specializes in managerial and entrepreneurial education. “We are confident that our future talent will come from schools like Northwood,” Baldwin said in a news release. Many students attend Northwood […] [Read More]

Children’s Healthcare of Atlanta is a non-profit pediatric clinical care provider that manages more than 1 million patient visits each year. During those visits, the family support team at Children’s Healthcare of Atlanta “helps kids feel like kids” by providing children with pediatric cancer services such as music therapy, visits from hospital facility dogs and one-on-one […] [Read More]

Black Book pinpointed three reasons why its Used Vehicle Retention Index for November dipped noticeably compared to the previous month. On Monday, analysts said their November index came in at 114.0, which represented a 1.4% decline from the October reading of 115.6. Black Book executive vice president of operations Anil Goyal explained what triggered the […] [Read More]

Before November closed, Scotiabank collected another accolade. Scotiabank was named the winner of the Judge’s Choice Award for Responsible Innovation in Financial Services at the 2019 Annual Canadian FinTech & AI Awards. The awards recognize banks, credit unions, innovators, investors, advisory firms, law firms, technology companies, impactors and thought leaders across Canada in financial services. […] [Read More]

Just before Thanksgiving, two firms in the payments space finalized a partnership. Data Center Inc. (DCI), the privately owned developer of iCore360 core banking software and related omnichannel technologies, announced a partnership with the Clearing House (TCH) to bring real-time payment transactions to hundreds more community banks nationwide via the connection of iCore360 to the RTP […] [Read More]

Finastra recently turned to a former Experian executive to be its new chief data officer. Formed in 2017 by the combination of Misys and D+H, the cloud-based platform for open innovation designed to help global financial institutions as well as community banks and credit unions hired Lisa Fiondella to lead its comprehensive data strategy, including […] [Read More]

Amid all of the Black Friday retail activities, RouteOne announced that CRB Auto is now an available eContracting finance source for dealers utilizing the RouteOne platform. The companies reiterated that eContracting can enable the digital exchange of critical contract documents and data between dealers and finance sources to increase efficiency and reduce contracts in transit. […] [Read More]

While keeping a close watch on lengthening contract terms, S&P Global Ratings reported that collateral performance was generally positive for the U.S. auto loan asset-backed securities (ABS) sector in September. “Losses and 60-plus-day delinquencies decreased month over month as well as year over year in both the prime and subprime segments, although recoveries in both […] [Read More]