Anyone who has been involved with the repossession industry over the past several years knows that the world looks very different today than before the Consumer Financial Protection Bureau arrived. Most of the focus during this period has been on third- and fourth-party oversight. Given the CFPB’s official position on vendor management, it is no […] [Read More]

Dealerships that eventually will have 2020 Toyota models in their inventory now have another feature to tout to potential buyers. SiriusXM announced on Wednesday that it has reached what the company called a “landmark” agreement with Toyota that will expand the installation of SiriusXM to all Toyota models and trims sold in the continental U.S.  […] [Read More]

Dealer-to-dealer digital auction platform TradeRev continues its work to help accelerate the dealer buying and selling experience, or in the company’s words, help dealers “move metal” faster and easier. With its MOVE METAL services, the company says users will see shorter auctions, flat fee transportation and streamlined registration. TradeRev announced that beginning on Feb. 5 it […] [Read More]

Cox Automotive has a new chief technology officer. Named to the position is David Brooks, whose most recent role was Manheim’s senior vice president of engineering. Brooks will report to chief product officer Marianne Johnson, and he will work alongside chief information officer Mitch Gersten’s enterprise tech team and product portfolio leaders. He has been with […] [Read More]

Automotive dealers have long used Facebook’s automotive inventory ads to reconnect with people who had visited their website or app. Now, Facebook has enhanced those ads to help dealerships reach more potential customers who have shown interest in purchasing a vehicle online. Citing a recent Facebook IQ survey, the social media company notes that 63 […] [Read More]

Following a packed session in San Francisco at NADA Show 2019, Auto Remarketing Canada conference chairman Bill Zadeits caught up with Andrew Tai, CEO of MotoInsight. Tai delivered “Five Reasons Why Your Physical Store is Critical in Digital Retailing,” where he laid out the seemingly contradicting but very true importance of why having a physical […] [Read More]

Artificial intelligence appears to be generating some real revenue in the automotive space. Coinciding with a major update to its flagship platform, AI-driven marketing automation platform Outsell also announced strong 2018 financial results, with direct revenue up 45 percent over 2017 and direct bookings up 28 percent. “AI-based marketing solutions are in high demand as […] [Read More]

The newest S&P Global Ratings report indicated the U.S. auto loan asset-backed securities (ABS) market in November performed where finance companies likely expected, especially for participants within the subprime space. And when analysts extracted a trio of companies that securitize paper in the deep part of subprime, the metrics looked even more in line with […] [Read More]

CarLotz had a Texas-sized celebration to commemorate its journey into the Lone Star State. On Jan. 19, the used-vehicle consignment and remarketing business held a grand opening celebration for its 22,000-square-foot store in San Antonio. The celebration marked the company’s move into Texas, and the new location has the capacity to house 350 vehicles. The […] [Read More]

It was the eighth straight year of record certified pre-owned car sales, amid an overall used-car retail market that is still seeing some strength. And while there are signs the used-car market may have peaked from a sales volume perspective, the feeling around last week’s NADA Show 2019 — and in recent forecasts and analyses […] [Read More]