I am just old enough to remember from reruns a black-and-white TV sitcom, “Car 54, Where Are You?” The show originally ran on NBC from 1961 to 1963. I do recall, somewhat painfully, hearing a similar phrase echoing through our showroom and used-car operation during my more recent days as a former dealership owner and […] [Read More]

As commercial filings spiked, the American Bankruptcy Institute reported that consumer filings softened in February. According to data provided by Epiq Systems, total bankruptcy filings decreased 1 percent to 56,118 in February from the 56,732 cases filed in February of last year. Consumer filings dropped 2 percent in February to 52,979 from the consumer filing […] [Read More]

S&P Global Ratings took its turn on Tuesday to add more context to the headline-creating and social-media stirring auto-finance data released by the Federal Reserve Bank of New York. Credit analyst Amy Martin led the charge looking closely at subprime auto loan asset-backed security (ABS) market. Martin acknowledged the New York Fed highlighted Equifax data […] [Read More]

The spring market is starting to bloom at the auction. This week’s edition of Black Book Market Insights report included slowdowns in vehicle value decreases as well as rising sales percentages, especially if trucks and SUVs were included in the lane. “The first sign of the spring market showed up last week with mid-size cars […] [Read More]

Leasing sticker shock is pushing more consumers toward websites such as Swapalease.com to find the vehicle they want at the price within their budget. And as a result, credit approvals at Swapalease.com are softening. Site officials indicated vehicle lease credit applicants registered an approval rate of 65.9 percent in February, marking a decrease from the […] [Read More]

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]