With fraud continuing to be a potential problem in auto financing, 700 Credit announced this week its suite of products, including credit reports, compliance solutions, prescreen and consumer pre-qualification products and services, is now integrated within RouteOne’s IDOne solution, a full-service identity verification tool that can help manage compliance tasks. The companies highlighted IDOne from […] [Read More]

It wasn’t the strongest of starts to the year for used-vehicle sales, but the first quarter closed with the pre-owned market poised to remain at peak levels. The annualized rate of used-car sales in March was more than 39.5 million*, beating year-ago figures by roughly 200,000 units, Cox Automotive manager of economic and industry insights […] [Read More]

Carvana founder and chief executive officer Ernie Garcia said in a Thursday news release that the company had a “huge week in California.” On the previous Tuesday, the company announced its launch in three new California markets: Stockton, Modest  and Vallejo. Two days later, on Thursday the 4th, Carvana said it launched in three additional California markets, […] [Read More]

CarGurus chief technology officer Kyle Lomeli says open source code is “critically important” to how CarGurus builds its systems and products. In addition, he said, his company gets great benefit “from the altruism of the open source community." CarGurus says open source projects “provide the collaborative, open development of software code” allowing companies such as […] [Read More]

Most new-vehicle owners are still driving the vehicles after owning them for one year. But 3.4 percent of new cars are resold as used within the first year of ownership. Which vehicle brands are sold most frequently after only one year of ownership? A new study from iSeeCars.com breaks down some numbers regarding the vehicles […] [Read More]

Certified pre-owned car sales results in Canada are coming in, and several are reporting records.   Nissan and Infiniti, for example, both reported their best-ever months for certified pre-owned sales.  The Nissan brand increased its CPO sales from 687 in March 2018 to 1,344 this time around. Infiniti CPO sales were at 181 for the month, […] [Read More]

DriveItAway and CloudOne formed what the companies called a “ground-breaking industry partnership” this week that is designed to help dealerships cater to customers who have subprime credit and are looking to lift their incomes by potentially joining the ride-sharing industry. The companies are collaborating on a product so dealers have ability to design, develop and […] [Read More]

At NADA Show 2019 earlier this year, Erin Kerrigan of Kerrigan Advisors talks dealership buy-sell activity, including the impact from growing digital retail. Plus, she explains why more buyers and investors are looking to move into this space. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You […] [Read More]

Record-high numbers of vehicles are coming off lease in 2019. At the same time, prices and interest rates are edging higher. With those trends in mind, understanding a vehicle’s retained value is extremely important for a shopper in knowing how much he or she can afford when buying a new vehicle, Edmunds senior consumer advice editor […] [Read More]

Primeritus Financial Services announced one of its largest acquisitions ever on Wednesday afternoon as the forwarding company has absorbed one of its competitors. According to a news release, the provider of recovery management, skip tracing and remarketing services to the auto finance industry announced the acquisition of Consolidated Asset Recovery Systems (CARS). “The addition of […] [Read More]