Auto Remarketing has learned that longtime auto auction industry leader Jim DesRochers has died. DesRochers, who was president of the National Auto Auction Association in 2005 and a regular contributor to Auto Remarketing, passed away April 29 in Mesa, Ariz. He was 71. DesRochers, whose career in the car business ran for more than 45 […] [Read More]

CarMax’s rollout of its buying experience continues. In December, the company announced a program it describes as a customer-driven buying experience in which customers can buy a car completely from home, in-store, or a combination of both. CarMax said it plans to make the program available nationwide to most customers by early 2020. On Monday, CarMax announced its […] [Read More]

In a few special editions of the show, we’re sharing some of the presentations from the recent Auto Remarketing Canada Conference in Toronto. Next up is Phil Sura of UnityWorks, who spoke during the Dealer Training Tuesday portion of the event. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or […] [Read More]

Personal transportation company Lithia Motors named Shauna McIntyre to its board of directors. McIntyre is currently program lead for Google Automotive Services at Alphabet Inc. McIntyre previously served in positions for Honeywell International, Achates Power, Ford Motor Co., and Egon Zehnder International. Lithia Motors emphasized McIntyre’s knowledge of the future of automotive technology and personal […] [Read More]

On Monday, Aston Martin The Americas and Chase announced an exclusive private-label agreement. Chase said it will provide Aston Martin customers with retail installment contracts and leases under the financial brand, Aston Martin Financial Services. The bank will also provide commercial lending and treasury services for Aston Martin dealerships in the U.S. “We’re thrilled Aston […] [Read More]

It’s likely a sinking feeling when an auto-finance company learns the vehicle attached to its retail installment sales contract has been stolen. A pair of service providers are aiming to help finance companies when those unfortunate incidents happen. CalAmp, brand owner of LoJack, and TransUnion recently announced the launch of LoJack Stolen Vehicle Recovery services for […] [Read More]

Despite the Black Book Used Vehicle Retention Index now falling for five straight months, the latest reading is still 1.4% higher than a year ago. Black Book reported on Monday that the April index reading came in at 113.6, representing a 0.2% dip from the March level of 113.8. And editors pointed out their latest […] [Read More]

An evaluation project started by the Federal Trade Commission nearly four years ago recently came to a conclusion. The FTC recently announced that it has completed its review of the Holder Rule, which protects consumers who purchase goods and services using credit obtained through a merchant. This rule impacts “pretty much every aspect of your […] [Read More]

For the second time in the past few days, 700Credit finalized another integration; this time with ABCoA so dealerships can answer the question of, “How can we get rid of double-entry and multiple screens when working a deal?” ABCoA has integrated 700Credit’s credit, compliance and pre-screen platforms into the Deal Pack DMS. The companies explained […] [Read More]

Projected growth in plug-in electric vehicles means challenges and opportunities for distribution utilities, according to Navigant Research. If PEVs are not managed intelligently, they can threaten overall grid reliability. But if they are aggregated and optimized with smart controls, they can offer grid services under new business model platforms such as microgrids and virtual power […] [Read More]