Dealer members of the Chicago Automobile Trade Association employ about 20,000 people throughout Chicagoland, CATA chairman Bill Haggerty said in a news release. And those dealers have established deep roots within their communities, he said. “So, when the opportunity for dealers to host BBQ for the Troops fundraisers was presented to us, the dealers seized […] [Read More]

Finance companies, especially ones that participate in the non-prime and subprime spaces, often gather as much information as possible during the underwriting process before a funding decision, making the potential of alternative data even more dramatic. George Coutros, the head of analytics, product and data management at Clarity Services, described how much more robust alternative data […] [Read More]

While movements aren’t regaining spring-market strength, Black Book is seeing wholesale prices being supported by Fourth of July demand. According to the latest Black Book Market Insights report, car depreciation decelerated while truck prices landed near the four-week average. “Used-vehicle demand remains relatively strong as we approach the Fourth of July weekend. Truck values continue […] [Read More]

To continue the momentum started by our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing has launched Women in Retail, an awards program that specifically recognizes leaders on the retail side of the auto industry. This inaugural class of honorees is spotlighted in the July 1 issue of Auto Remarketing, which includes Q&As with each recipient of […] [Read More]

To continue the momentum started by our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing has launched Women in Retail, an awards program that specifically recognizes leaders on the retail side of the auto industry. This inaugural class of honorees is spotlighted in the July 1 issue of Auto Remarketing, which includes Q&As with each recipient of […] [Read More]

To continue the momentum started by our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing has launched Women in Retail, an awards program that specifically recognizes leaders on the retail side of the auto industry. This inaugural class of honorees is spotlighted in the July 1 issue of Auto Remarketing, which includes Q&As with each recipient of […] [Read More]

Along with the Fourth of July, Millennium Capital and Recovery Corp., has more reasons to celebrate this week. The nationwide, full-service recovery management firm secured two recent achievements in connection with data security and compliance. According to a news release, Millennium has been revalidated by a digital forensics and cybersecurity firm on its data security and […] [Read More]

It appears the annual percentage rate (APR) on new-vehicle financing edged a bit lower in June, but the movement might not be connected to actions by the Federal Reserve last month. Edmunds reported on Tuesday that the average interest rate for a new-vehicle retail installment contract dropped for the second month in a row in […] [Read More]

DealerSocket is looking to help buy-here, pay-here dealerships improve one of the most important parts of their business — the “pay” segment. This week, DealerSocket rolled out several major enhancements designed to seamlessly integrate and simplify workflows related to the credit application process in an effort to transform BHPH dealerships into true “buy-here, pay-anywhere” operations. […] [Read More]

To continue the momentum started by our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing has launched Women in Retail, an awards program that specifically recognizes leaders on the retail side of the auto industry. This inaugural class of honorees is spotlighted in the July 1 issue of Auto Remarketing, which includes Q&As with each recipient of […] [Read More]