In 2016, global luxury automotive brand Genesis launched its Genesis at Home purchase experience in Canada using automotive industry digital retailing services company Motoinsight’s digital retailing platform MotoCommerce. Motoinsight describes Genesis at Home as a “global industry first” that it said allowed customers to complete the entire purchase process online. Now, as Genesis expands into […] [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 represents dealerships, dealer groups, third-party providers, vendors and automakers, and consists of […] [Read More]

On Monday, Darwin Automotive announced that it has been certified by Audi of America for its digital retail and omnichannel solutions. Audi dealers now can apply for co-op funding for Darwin’s toolset.  Audi joins a growing list of manufacturers that endorse or financially support Darwin’s tools for their retailers. The current list of OEMs includes […] [Read More]

Santander Consumer USA is cutting quite a significant check to FCA US as part of a development involving Chrysler Capital. According to a news release distributed on Monday morning, SCUSA announced it has reached an agreement with FCA to amend the master private label financing agreement. Under the Chrysler agreement, which is in the seventh […] [Read More]

No doubt, both dealerships and their customers want to know ASAP if an application will be approved and a retail installment contract will be bought by the finance company. Well, the newest initiative from Consumer Portfolio Services is using that exact acronym. To speed the process for dealers entering and changing loan structure values, CPS recently […] [Read More]

The Financial Accounting Standards Board (FASB) looked to reinforce its position concerning the upcoming mandates placed on banks, credit unions and finance companies in connection with reserving for losses, emphasizing the changes can be implemented without incurring “significant costs.” Last week, FASB issued a proposed Accounting Standards Update (ASU) that included amendments designed to address […] [Read More]

IAA, Inc. has completed its spin-off from KAR Auction Services and began trading the “regular way” on the New York Stock Exchange on Friday. Later in the day, IAA president and chief executive officer John Kett spoke with Auto Remarketing by phone from the NYSE. "It's almost a bit overwhelming," he said. "It really is […] [Read More]

A CDK Global plan to divest its digital marketing business allows the CDK management team to work on increasing momentum in its core auto software business and to accelerate fiscal 2020 growth, CDK Global president and chief executive officer Brian Krzanich said in a news release. The company’s digital marketing business includes all of its […] [Read More]

Partnering companies — like in this case, Manheim — help organizations such as the American Red Cross Greater Carolinas Region succeed in their mission to ease human suffering during emergencies. “Their support allows us to mobilize volunteers and provide hot meals and shelter when there is nowhere else to turn,” said that organization’s chief executive officer Angela […] [Read More]

Laughing. You might not think of that as an important aspect of handling sales calls. But according to a new study, it is. A new report from conversational analytics company Marchex analyzed 6,200 U.S. auto dealership sales conversations in January. The endeavor showed top sales performers laughed during more than half of their calls. Marchex said […] [Read More]