Knock on wood, but if the air conditioning goes on the fritz at an auto industry conference — especially at upcoming remarketing shindigs in Texas, Florida and Arizona — event organizers and hotel staff don’t necessarily have to call the HVAC crew. If Sheila Tedesco is in attendance, they could ask her to take a gander. In addition to her leadership roles with Lobel Financial, the Automotive Remarketing Alliance and the Global Remarketing Opportunities for Women organization, Tedesco is ... [Read More]

Two industry experts on fraud — Brady Harrison of Equifax and Robert Newman of Cox Automotive — appeared on the Auto Remarketing Podcast to discuss two forms of fraud that are impacting dealerships and finance companies more often nowadays. Harrison and Newman explained what car stacking is and how multi-payer scams develop as well as […] [Read More]

Late last week, Asbury Automotive Group rejected “false and unfounded” allegations by the Federal Trade Commission (FTC) of “payment packing” at three of its dealerships in the Dallas-Fort Worth area. The development surfaced a couple of days after the FTC voted unanimously to join the state of Arizona against a pair of franchised dealerships that […] [Read More]

Recent analysis by LendingClub Corp. might reinforce why the debt-to-income portion of your auto finance company’s underwriting guidelines could be dinging applications more often nowadays — especially if the individual is leaning heavily on their credit cards. LendingClub’s research on personal finance trends showed more than a third of Americans couldn’t manage their finances without […] [Read More]

The $10.5 billion auto-transport industry is made up of thousands of small- to mid-sized companies. And while there are a few giants, most teams are designed to be lean with fewer overhead costs and greater efficiencies. In the most successful companies, technology helps workers do more with less — but there’s a downside. When solutions […] [Read More]

The wholesale used-car market is still recovering from the plunge in new-vehicle sales during the pandemic, say industry experts. Auction volumes are rising steadily though. But while auction volumes are rising and competition is returning to the auction lanes, the supply slump will continue to support higher wholesale prices in coming months, they say. “All of those vehicles that weren’t built that we would expect to [Read More]

The recent flurry of mergers and acquisitions within automotive includes another move in the fleet segment. On Wednesday, Element Fleet Management Corp. entered into a definitive agreement to acquire Autofleet. The companies highlighted this strategic acquisition positions Autofleet to leverage Element’s global resources while continuing to spearhead innovation within the mobility industry. “This partnership represents […] [Read More]

The “transformation” of Central Dispatch continues. Cox Automotive’s self-managed auto transportation marketplace has launched a “completely reimagined” platform, designed to simplify transportation management by providing shippers, brokers and carriers everything needed to complete a transaction in a single, integrated marketplace. It’s the second phase of what Cox termed a “journey to transform the vehicle transportation […] [Read More]

Chicagoland’s new-car dealers’ annual salute to the military raised more than $80,000 for programs to support service members and their families. The Chicago Automobile Trade Association, the metro area’s new-car dealer association, partnered with the USO to host the 11th annual BBQ for the Troops fundraisers, a series of events at member dealerships in July. […] [Read More]

Here’s how a unanimous vote can still contain dissension in the automotive regulatory world. The Federal Trade Commission voted unanimously to join the state of Arizona against a pair of franchised dealerships. Officials said the stores engaged in a wide array of practices that harm consumers, from deceptive online vehicle pricing to charging Latino car […] [Read More]