Dealership service drives already might be seeing fewer appointments for maintenance work such as oil changes and brake jobs because their customers aren’t using their vehicles as much because of the coronavirus pandemic. New survey data on American driving and vehicle fueling habits shows that trends with that part of dealership operations might not be […] [Read More]

Editor's Note: This is story is part of our upcoming Leading Dealer Groups print edition of Auto Remarketing. This early look at that content is being offered to CMG Premium subscribers. The Leading Dealers Groups print edition of AR will be released in July.  Like many companies in the retail auto space, CarLotz had a strong […] [Read More]

ESI ThoughtLab looked to put some tangible figures on what investing in cybersecurity can do, especially during the coronavirus pandemic. The firm recently released a comprehensive study that reveals increased investment in cybersecurity can generate a significant return on investment of 179% and provide greater protection as companies cope with the fallout from COVID-19. ESI ThoughtLab […] [Read More]

TransUnion is looking to assist finance companies and insurers as millions of consumers continue to request and receive various payment accommodations because of the coronavirus pandemic. Last week, TransUnion officially launched its CreditVision Acute Relief Suite that’s designed to help finance companies in supporting consumers while still managing risk within their portfolio. TransUnion indicated data […] [Read More]

Carleton is in celebration mode. In 2020, the company is marking its golden anniversary as a provider of compliant consumer lending origination computations and complimentary document generation solutions. Throughout the last half-century, Carleton’s products have enabled finance companies and lenders to compliantly close loans and installment contracts in the highly regulated industry of consumer finance. […] [Read More]

DealerSocket said it reached another milestone in what the SaaS provider described as its “clicks-to-bricks experience” for dealers. On Monday, DealerSocket released its next-generation desking solution. Sporting more intuitive, easy-to-navigate workflows designed to prevent errors and reduce time to first pencil, DealerSocket highlighted the all-new desking tool comes equipped with a robust calculations engine, flexible […] [Read More]

At least initially, federal government intervention to help individuals and business hit financially by the coronavirus pandemic have made a positive impact in terms of bankruptcy filings. But experts suspect conditions will deteriorate in this part of the financial world as those assistance packages expire. According to data provided by Epiq, the American Bankruptcy Institute […] [Read More]

Used-vehicle retail sales have struggled in the first half of the year, amid challenges from the COVID-19 pandemic. But bright spots have emerged, including what looks to be strengthening franchised dealer used-car sales in the first half of June, as of press time for this publication. Just consider these data points from KAR Global’s interactive […] [Read More]

Auto auctions sold slightly fewer cars last year, but the gross value of those sales was up more than 3% and topped $111 billion, according to the National Auto Auction Association’s 23rd annual survey, which was released Friday. NAAA-member auctions sold 9.8 million vehicles in 2019, which was down 1.1% year-over-year.  But the total value […] [Read More]

After strong improvements in May, look for a gradual rebound in auction prices during the back half of 2020, says J.D. Power Valuation Services, which released its monthly Guidelines Plus report on the used market on Thursday. The J.D. Power Used Vehicle Price Index was at 113.2 for May, up 8.3% month-over-month. “Wholesale auction prices […] [Read More]