LotLinx wanted more evidence that it’s a leading authority on inventory marketing artificial intelligence (AI) solutions. So the firm asked for an examination to be completed by Wizely, which specializes in providing businesses with strategic product planning along with what the company calls “people-based” digital marketing. According to the independent study shared with Auto Remarketing […] [Read More]

Automotive logistics provider ACERTUS has appointed Jason Onsen to chief financial officer. Onsen previously served in top finance roles for Amazon and for St. George Logistics. In his most recent role as vice president and corporate controller for St. George Logistics, Onsen led a 30-person finance team at five locations, built transaction-based models to validate direct costs, and […] [Read More]

J.D. Power notes that its new lead-generation tool for dealer websites provides dealers with qualified leads and increases their used-vehicle inventory. Using the Value My Car tool with the J.D. Power consumer brand, web visitors can learn the value of their vehicle in exchange for their email address, according to the data and analytics company. […] [Read More]

NADA has conducted its Dealership Workforce Study since 2012, and the association describes the study as an examination of car and truck dealership compensation, benefits, turnover and retention, hours of operation and work schedules. NADA says the study helps dealers “stay ahead of the demographic curve.” Now, the 2019 Dealership Workforce Study is open for […] [Read More]

Along with announcing that it would be leveraging a tool from Dealertrack, Westlake Financial Services named its 2018 Auction of the Year winner as well as gave accolades to auctions in four other regions. The top accolade as Westlake’s 2018 Auction of the Year went to America’s Auto Auction Harrisburg. “We are happy to congratulate […] [Read More]

Ken Kertz summed up FICO’s 2019 U.S. Consumer Survey of Vehicle Finance Perceptions with a point relevant whether a finance company only has a footprint in a couple of states or builds its portfolio from originations nationwide. “The takeaway for lenders is it’s all about convenience. The less decisions people have to make, the better. […] [Read More]

The Federal Trade Commission recently offered six recommendations to dealerships and auto finance companies that might receive subpoenas and civil investigative demands (CIDs) as part of an investigation into potential law violations Burke Kappler, an attorney in the FTC’s Office of General Counsel, explained in a recent blog post that the regular subpoenas and CIDs […] [Read More]

After three years of holding its annual convention in partnership with Cherokee Media Group’s National Remarketing Conference during Used Car Week, the National Auto Auction Association will return to having its own standalone event this fall. NAAA is hosting its event Sept. 30 to Oct. 3 at the JW Marriott in Indianapolis. The association said […] [Read More]

Ron Smith decided to roll the dice in 2001. It wasn’t long after 9/11, and the aftermath of the attacks was having a big impact on the business travel industry. Hotels were facing cancellations, and many companies were averse to business travel at that point, Smith said.  So, Smith, the founder of Auto Remarketing and […] [Read More]

As Auto Remarketing continues to report on the wholesale remarketing strategy of commercial consignors, the story would be incomplete without the inclusion of credit unions. CU Direct said member auto-loan originations by the 1,100 credit unions using the CUDL auto lending platform, as an aggregate, have led the auto lending industry. (Author Disclaimer: I provide […] [Read More]