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]

With close to two decades of automotive technology experience and executive level roles at LivePerson and LotLinx, Denise Chudy now is taking on her next professional challenge as chief growth officer at Friendemic. The provider of an online reputation solution built specifically for the needs of the automotive industry and dealerships, in particular, also said […] [Read More]

Potential vehicle buyers might be watching more television nowadays while at home to curb the spread of the coronavirus. With that potential in mind, CARFAX launched two new additions this week to its national television ad campaign, focused on stopping “the shame of overpaying” for a used vehicle. CARFAX says it has  the most accident and […] [Read More]

On Thursday, Resolvion officially welcomed a new director of business development, bringing a robust background from different segments of the automotive industry. Taking on this role for the national skip tracing and repossession management company is Nicole Combs. According to a news release, Combs joins Resolvion with more than 10 years of experience in sales […] [Read More]

PassTime is looking to reiterate to the industry that its devices can work well on more than just cars and trucks. This week, the GPS solutions provider announced it was selected as the exclusive partner for Fuel Capital Group, which provides financing and lease options for motorcycles. The companies highlighted in a news release that the […] [Read More]

In late October 2016, AutoNation first announced its intentions to build a network of standalone pre-owned vehicle sales and service centers called AutoNation USA. The company first opened locations in places such as Phoenix, Las Vegas and Katy, Texas. On Thursday morning as part of releasing its second-quarter financial statement, AutoNation shared plans for expansion […] [Read More]

Similar to findings the firm uncovered from the United States, CarGurus determined through its latest analysis that Canadian consumers still have a sustained, high interest in purchasing vehicles amid the coronavirus pandemic. This week, CarGurus released its second Canadian COVID-19 Sentiment Study, comparing the newest results to what analysts found back in April. CarGurus director […] [Read More]

AuctionACCESS announced this week that the company and Auction Edge, a provider of remarketing technology to independent auto auctions, have integrated the new AuctionACCESS Mobile Card at independent auctions throughout the country. This gives independent auctions using Auction Edge a smartphone-based way to credential dealers arriving at their facilities. Last month, AuctionACCESS said it was […] [Read More]