FactorTrust finalized a partnership this week with leading analytics-driven marketing consultancy, DataLab Data Solutions (DDS), which couples high-quality, clean data with deep analytics and model development, giving its customers the best opportunity for successful targeted marketing programs. The addition of FactorTrust’s 275 million transaction records aids the analytics expert in executing that process to identify […] [Read More]

S&P Global Ratings certainly didn’t dismiss the Cox Automotive estimates that Hurricane Harvey may have destroyed 300,000 to 500,000 vehicles, while Hurricane Irma ruined up to 400,000 units. But analysts suspect any severe impacts on the collateral for auto loan asset-backed securities transactions (ABS) the firm rates will be temporary. “Although it is still too early to […] [Read More]

Carvana announced Wednesday that it has launched its newest car vending machine in Jacksonville, Fla., which is the company’s first in the state and seventh in the nation. The new fully automated, coin-operated car vending machine sits eight stories tall and holds up to 30 vehicles. The new Jacksonville Car Vending Machine comes a year […] [Read More]

Groupe PSA, owner of car brands Peugeot, Citroen and Opel, announced Wednesday that it has launched Free2Move, an app on which users can compare the location, characteristics and operating costs of available transportation options, in Seattle. This is the company’s first U.S. market launch. The Free2Move app is currently available in France, Spain, Germany, the United […] [Read More]

Roadster chief executive officer Andy Moss and chief marketing office Michelle Denogean join the show this week. They talk with Joe about the online sales model dealers can offer consumers, the growth in their platform and more. Check out the conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to […] [Read More]

NIADA members left an opportunity to meet with a variety of federal lawmakers and their staffs with a sense of accomplishment in relaying what it’s like to be an independent dealerships nowadays. The National Independent Automobile Dealers Association's National Policy Conference and Day on Capitol Hill wrapped up last week, providing an illustration of — and […] [Read More]

NADA’s top dealer leader again is hailing from near the Motor City. The National Automobile Dealers Association’s 63-member board of directors elected Wes Lutz as chairman for the 2018 term. “I am honored to serve as NADA chairman as we begin the next century following NADA’s 100 years of existence,” said Lutz, who represents Michigan’s […] [Read More]

The Costco Auto Program announced Wednesday that its most well-known promotion in conjunction with General Motors, the Holiday Sales Event, has launched and will run through Jan. 2. The exclusive member offer features GM supplier pricing and most current GM incentives, according to Costco. This year’s program includes a wide range of both 2017 and […] [Read More]

J.D. Power announced Wednesday that it has both appointed Tim Braley to replace recently promoted Darren Slind as senior director of Canada and Latin America and chosen J.D. Ney to serve as Canada’s new country manager. Slind has been appointed vice president of Singapore Operations to oversee the expansion of J.D. Power consulting services across […] [Read More]

Earlier this week, Westlake Financial Services announced the launch of its eContracting automotive loan origination solution in all 50 U.S. states through DealerCenter. And the finance company reached this accomplishment earlier than company officials expected. “Our goal was to launch eContracting in all 50 states by the end of 2017. We have achieved that goal […] [Read More]