Chris Walsh says consumer engagement with video content is growing. Along with that, advertising dollars are moving to digital video ad formats, said Walsh, who is vice president and general manager at Naked Lime Marketing. “However, too often dealerships simply repurpose TV video content without considering the best practices for online digital videos,” Walsh said […] [Read More]

With Lithia Motors’ new sell-from-home experience, a customer first inputs a few vehicle details. Then, the algorithm shows an immediate offer. After that, the seller meets at his or her chosen location with a concierge who picks up the car. Then, funds are deposited into the seller’s bank account. “It was the best experience we ever had […] [Read More]

Asbury Automotive Group’s purchase of Mike Shaw Subaru in Thornton, Colo. marks two firsts for the company. It is Asbury’s first dealership in Colorado, and it is the company’s first Subaru brand store. The purchase closed on Sept. 30. Asbury notes that Mike Shaw Subaru, currently with 120 employees, has been in the Denver market […] [Read More]

Dealers appear to be hesitant to hit the buy button online or raise their hand in the lanes, and wholesale values are reflecting the behavior. Analysts arrived at those conclusions and shared more in the latest Black Book Market Insights report that mentioned values softening at higher levels than seen during the previous four weeks. […] [Read More]

Ignite Consulting Partners reinforced its roster of experts to help auto finance companies and buy-here, pay-here dealerships. The compliance firm recently announced the addition of Clint Rutherford, who has a background both in operations and compliance. Ignite Consulting Partners highlighted that Rutherford has managed diverse teams across various servicing functions including collections, customer service, bankruptcy, […] [Read More]

Triggered in part by changes in federal laws, bankruptcy filings jumped noticeably to finish the third quarter. According to data provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported total U.S. filings came in at 61,113 in September, up 6% from last September’s total of 57,619. ABI noted the 57,984 consumer filings in September […] [Read More]

September’s auto loan asset backed security data didn’t surprise analysts at Kroll Bond Rating Agency (KBRA). The latest readings for KBRA’s prime and non-prime indices arrived with seasonal patterns evident. Analysts found that auto loan ABS credit performance weakened slightly in September, with net losses and delinquencies rising month-over-month in both prime and non-prime. “The […] [Read More]

AutoNation says a report issued by a consumer group about recalled used cars at the nation’s largest vehicle retailer is “inaccurate” and does not provide the full set of facts as to how such vehicles are handled at its stores. The United States Public Interest Research Group, a consumer group also known as U.S. PIRG, […] [Read More]

A 24-acre expansion to Copart’s Montreal site in Quebec will allow the location to grow its vehicle inventory and offer more choices to members, said Copart Canada managing director Steve Macaluso. “We are excited to grow our capacity in Canada by expanding our Montreal location,” Macaluso said in a news release. Copart Montreal general manager […] [Read More]

How can the multi-channel remarketing innovations that commercial remarketers have been migrating towards and that we’ve all been reading about help the dealer and wholesaler community?  While the remarketing industry is one that contains a diverse base of sellers, an increasingly innovative and multi-channel set of remarketing options and an increasingly diverse group of buyers, most […] [Read More]