Dealers are banking on the hope consumers aren’t using their federal tax refunds any place other than their store to make a vehicle purchase. The latest Black Book Market Insights report showed continued spring season momentum for cars such as sub-compacts and midsize models. And even though compact cars and full-size cars declined, editors emphasized […] [Read More]

Photographs often highlight how valuable — or deteriorated — a vehicle might be before it lands in your inventory. Well, Black Book leveraged some helpful imagery as a part of a new educational infographic to help dealers, remarketers and finance companies learn how the company’s History-Adjusted Valuations can drive more profits during appraisals. Black Book […] [Read More]

Auto/Mate Dealership Systems announced Monday the release of its E-Signature Capture engine, a tablet-based application that allows service and parts staff to accept and store digital signatures from customers. By making it easier to obtain customer approvals and finalize contracts, the company said that the app can reduce paper trails, improve compliance and increase customer […] [Read More]

It has now been seven straight years of record certified pre-owned vehicle sales, according to Autodata Corp. To recognize the dealers leading the CPO car business, Auto Remarketing presents our annual special section honoring The Best CPO Dealers in the USA. As part of the Feb. 15 issue of Auto Remarketing, we reached out to automakers […] [Read More]

AutoGravity is adding to its portfolio of commercial banks adopting its mobile financing platforms — not just automakers’ captives. On Tuesday, TD Auto Finance (TDAF), a subsidiary of TD Bank, announced a partnership with AutoGravity, a fintech provider modernizing the way consumers buy and finance vehicles. Through this partnership, indirect financing offers through TDAF will […] [Read More]

PointPredictive understands criminals looking to orchestrate auto finance scams aren’t sitting idle. On Tuesday, PointPredictive announced the launch of a new patent pending solution called Synthetic ID Alert. The solution is a complement to the company’s comprehensive application fraud scoring solution Auto Fraud Manager. Synthetic ID Alert can help auto finance companies stop synthetic identity […] [Read More]

Late in February, the American Financial Services Association submitted a comment letter to the New York City Department of Consumer Affairs regarding the department’s proposed rules for independent dealers. According to AFSA’s latest installment of NewsBriefs, the proposed rules would implement Local Laws 197 and 198 of 2017, which passed the city council in September. […] [Read More]

Experian acknowledged that traditional credit attributes provide immense value for auto finance companies when making decisions. But when used alone, Experian insisted they are limited to capturing credit behavior during a single moment of time. To add a deeper layer of insight, Experian recently unveiled what company executives called the industry’s first tri-bureau trended attributes, […] [Read More]

At the 31st North Carolina International Auto Expo in Raleigh, where the Wake County New Vehicle Dealers Association showed off the latest hybrid, electric, SUV, compact and luxury models — Auto Remarketing caught up with Toyota’s East Coast communications manager Corey Proffitt and district training manager Rusty Foster. Proffitt highlighted what Toyota focused on when designing the latest features the […] [Read More]

Eighteen independent auctions took home honors Monday night in Las Vegas at the ninth annual OVE.com Awards show. OVE recognized top-performing partners in several categories. Both the first-place winner and second-place winner in each respective OVE.com Award category are listed below, in order: Highest Commercial Volume — Southern Auto Auction and Norwalk Auto Auction  Highest Commercial Mix — […] [Read More]